A recent report published by
Infinium Global Research on bioinformatics market provides in-depth analysis of
segments and sub-segments in the global as well as regional bioinformatics
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional bioinformatics market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global bioinformatics market. According to the
report, the global bioinformatics market is projected to grow at a CAGR of
13.9% over the forecast period of 2019-2025.
Bioinformatics is an
interdisciplinary field that is used for storing, retrieving, organizing and
analyzing biological data. Bioinformatics is an emerging field and it enables
the discovery of new biological insights to accelerating demand for flexible
managing, storing, and querying complex biological data sets. Bioinformatics involves the use of techniques
that includes artificial intelligence, informatics, statistics, computer
science, chemistry and biochemistry to solve biological problems on the
molecular level. Bioinformatics solves biological problems using DNA and amino
acid sequences related information. Bioinformatics having a major impact on
many areas of biotechnology and biomedical sciences. Bioinformatics includes
applications in several sectors such as pharmaceutical companies, different
biotechnologies, and academic institutes
Growing adoption of bioinformatics
in drug discovery drives the growth of the bioinformatics market. In the
prediction of new drug targets, bioinformatics provides strategies and
algorithm also helps to store and control available drug target information.
Furthermore, the adoption of bioinformatics is increased in clinical
diagnostics that in turn fuel the growth of the bioinformatics market. In
clinical samples, bioinformatics is very useful for data collection and to
analyze the samples and the results. Growing demand for nucleic acid and protein
sequencing boosts the growth of the bioinformatics market. Increasing use of
artificial intelligence in healthcare industry contribute to the growth of the
bioinformatics market. Rising government initiatives, as well as private
organizations, support the growth of the bioinformatics market. However, the
lack of skilled personnel and high cost may hamper the growth of the
bioinformatics market. Moreover, growing cloud-based applications provide
beneficial opportunities for the bioinformatics market. Rising investment in bioinformatics solutions
also provides fruitful opportunities for the bioinformatics market
Among the regions, North America
dominated the bioinformatics market. Growing adoption of advanced technology,
as well as government funding for research, rising demand for bioinformatics
tool in drug discovery, contribute to
the growth of the bioinformatics market in the region. Furthermore, Asia
Pacific is the fastest growing region for the bioinformatics market. Increasing
adoption of latest technologies, increasing healthcare investments, fuels the
growth of the bioinformatics market in the region. China and India countries
play major roles in the growth of the bioinformatics market in the Asia Pacific
region.
The report on global
bioinformatics market covers segments such as products and services, sector, and application. On
the basis of products and services, the
sub-markets include bioinformatics platforms, bioinformatics services, and
knowledge management tools. On the basis of sector, the sub-markets include
proteomics, genomics, chemoinformatics, and drug design, metabolomics,
molecular phylogenetics, and transcriptomics. On the basis of application, the sub-markets include pharmaceutical companies,
academic institutes, biotechnologies, and others application.
The report provides profiles of
the companies in the market such as Life Technologies Corporation, Geneva Bioinformatics (GeneBio) SA, LifeMap Sciences, Inc., Illumina Inc., Ontoforce NV, Dassault Systèmes SE, ABM Industries Inc., PerkinElmer, Inc., Agilent Technologies, Inc, QIAGEN, Inc., and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of bioinformatics market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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