Bioinformatics Market delivers a succinct analysis of industry size, regional growth and revenue forecasts for the upcoming years. The report further sheds light on significant challenges and the latest growth strategies adopted by manufacturers who are a part of the competitive spectrum of this business domain.
Bioinformatics Market Size and Value
Bioinformatics Market is valued at USD 7.32 billion in 2019 and expected to reach USD 20.55billion by 2026 with the CAGR of 13.80%over the forecast period.
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Bioinformatics Scope Reports .
Bioinformatics is a combination of biology and information technology, which links biological data with techniques for information storage, distribution, and analysis to support multiple areas of scientific research, including biomedicine. Bioinformatics software and tools are being used as integrated solutions which provide algorithms and statistical methodologies for data analysis and help in integrating data management and analysis for applications such as next generation sequencing, genomic and proteomic structuring and modeling, and three-dimensional drug designing.
There are various bioinformatics tools available in the market categorized as homology and similarity tools, protein functional and analysis tools, sequence analysis tools and miscellaneous tools.Increasing R&D initiatives in proteomics and genomics market including other related ‘–omics’ fields are further expected to support the market growth to meet the demand for data storage and analysis.
Global Bioinformatics market report is segmented on the basis of product, by application and by regional & country level. Based on product, global Bioinformatics market is classified into Sequence Analysis, Manipulation, Alignment, Structural & Functional Analysis Platforms and Data Management and Sequencing. Based onapplication, global Bioinformatics market is classified intoDrug Development, Protein Function Analysis, Gene Therapy, Molecular Genomics and Personalized Medicine.
The regions covered in this Bioinformatics market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Thermo Fisher Scientific
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Indian team among top three solutions selected for Call for Code 2020 Challenge
June 10, 2020,
The app uses an artificial intelligence (AI) chatbot to gather information from individuals who are facing a new normal with stay-at-home or quarantine orders, and provides information to medical professionals to help them understand patterns of the virus in their immediate area. It has been designed to be a comprehensive medical assistance system that could reduce the stress on over-taxed medical systems.
This idea bagged them a spot among the finalists and has been picked up by IBM for immediate implementation. IBM will be working with the Linux Foundation, Anthem, and the winning team to get the innovations deployed. The developer team at Altran will be working with Anthem to “explore how their idea could scale on the Anthem digital platform and save millions of lives.”
Bioinformatics Market Dynamics –
Bioinformatics is the combination of biology and information technology. It is used widely in the management of biological information in the field of medical research and development of drugs. It uses computer software tools for database creation, data management, data warehousing, data mining and communication networking.Expenditure and investments on drug discovery are mounting the market growth. Inclination towards collaborating with genetics research organizations is the key element responsible for the large market share of medical biotechnology.
The field covers many advanced and specialized areas of life such as structural genomics, functional genomics, DNA microarrays, comparative genomics, medical information, and others. Rising need for integrated bioinformatics systems in proteomics and genomics also supports the growth of bioinformatics market.Genomics is the largest application-based bioinformatics market. Increasing number of merger and acquisition and new product innovation are some of the latest trend in bioinformatics market. Nanopore sequencing technology is one of the growth opportunities for the bioinformatics market. Lack of skilled professionals and high costs for implementation of bioinformatics software are restraining the growth of the bioinformatics market. In addition, lack of interoperability among data formats is also restraining the growth of bioinformatics market.
Bioinformatics Market Regional Analysis
North America is the largest market for the global bioinformatics. North America is dominating the global bioinformatics market due to growing applications of bioinformatics in drug discovery and development, growing information technology applications in bioinformatics and rising number of R&D activities.North America dominated the market in 2017, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period.In terms of growth, Asia is the fastest growing region due to rising government initiatives for research and development and improving IT infrastructure. Some of the fastest growing markets in Asia region are Japan, China and India. Asia is the fastest growing market for bioinformatics due to rising number of R&D activities and rising government fund for research and developments.Latin America is projected to witness the fastest growth in the coming years, owing to the generation of massive volume of data that needs to be interpreted and managed and advancement in the field of proteomics and genomics. This is attributed to upsurge in adoption of advanced technology and increase in demand for better bioinformatics tools, which are required in the drug discovery and development process.
Key Benefits for Global Bioinformatics Market Reports–
- Global Bioinformatics Marketreport covers in depth historical and forecast analysis.
- Global Bioinformatics Marketresearch report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global Bioinformatics Marketreport helps to identify opportunities in marketplace.
- Global Bioinformatics Marketreport covers extensive analysis of emerging trends and competitive landscape.
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Global Bioinformatics Market Segmentation –
Global Bioinformatics Market: by product
• Sequence Analysis Platform
• Sequence Alignment Platforms
• Structural & Functional Analysis Platforms
• Sequence Manipulation Platforms
Global Bioinformatics Market: by application
• Drug Development
• Protein Function Analysis
• Gene Therapy
• Molecular Genomics
• Personalized Medicine
Global Bioinformatics Market: By Regional & Country Analysis (North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Bioinformatics Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Bioinformatics Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Bioinformatics Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Bioinformatics Market Overview: Quantitative Analysis
4. Chapter – Global Bioinformatics Market Analysis: Segmentation By Type
5. Chapter – Global Bioinformatics Market Analysis: Segmentation By Application
6. Chapter – Global Bioinformatics Market Analysis: By Manufacturer
7. Chapter –Bioinformatics Market: Regional Analysis
8. Chapter – Company Profiles
8.6.Thermo Fisher Scientific
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