Bioinformatics Market is valued at USD 10.82 Billion in 2021 and is expected to reach USD 24.07 Billion by 2028 with a CAGR of 12.1% over the forecast period.
The increasing scope in research and development, drug discovery, new advancements in genetics analysis and synthesis methods and techniques are driving the Bioinformatics market.
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Scope of Global Bioinformatics Market 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 that 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 the 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.
- Life Technologies
- Bio-Rad Laboratories
- Agilent Technologies
- Thermo Fisher Scientific
- Eurofins Scientific
Global Bioinformatics Market Segmentation:-
- Sequence Analysis Platform
- Sequence Alignment Platforms
- Structural & Functional Analysis Platforms
- Sequence Manipulation Platforms
- Drug Development
- Protein Function Analysis
- Gene Therapy
- Molecular Genomics
- Personalized Medicine
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Global Bioinformatics Market Regional Analysis
North America is the largest market for 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 the Asia region are Japan, China, and India. Asia is the fastest-growing market for bioinformatics due to the rising number of R&D activities and rising government funds for research and developments. Latin America is projected to witness the fastest growth in the coming years, owing to the generation of the massive volume of data that needs to be interpreted and managed and advancement in the field of proteomics and genomics. This is attributed to an upsurge in the adoption of advanced technology and an increase in demand for better bioinformatics tools, which are required in the drug discovery and development process.
On Special Requirements Bioinformatics Market Report is also available for the below Regions and Country:
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
The Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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- Illustrate trends to exploit
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of the market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are the main factors responsible for new product launches?
- How big are the global & regional markets in terms of revenue, sales, and production?
- How far will the market grow in the forecast period in terms of revenue, sales, and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
Key Benefits for Global Bioinformatics Industry Reports:-
- Global Bioinformatics Industry report covers in-depth historical and forecast analysis.
- Global Bioinformatics Industry research 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 Industry report helps to identify opportunities in marketplace.
- Global Bioinformatics Industry report covers extensive analysis of emerging trends and competitive landscape.
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