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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