Tag Archives: Bioinformatics Industry

Bioinformatics Market Trends and Drivers Analysis 2019 To 2023

Market scenario:

Bioinformatics is the use of information technology in the field of biotechnology for the purpose of data storage, data warehousing and analyzing the DNA sequences. In bioinformatics technology knowledge about various  branches is required which includes  biology, mathematics, computer science, laws of physics & chemistry along with it  most importantly sound knowledge about  information technology is required to analyze biotechnological data.

Globally the market for bioinformatics is growing steadily and has a bright future, this market expected to grow at the rate of about 19.8% till 2022 and this has started since 2016.

****** Bioinformatics Market anticipated to grow at a CAGR of about 20.83% and to reach$22.46 billion by 2023

In the Report “ Bioinformatics Market :By Products (Bioinformatics Platforms, Knowledge Management Tools, Services), By Applications (Genomics, Proteomics, Transcriptomics, Metabolomics, Molecular Phylogenetics, Chemoinformatics & Drug Design, Others), By Sector (Drug Development, Clinical Diagnostics, Gene Therapy) – With Forecast (2018-2023)” published by IndustryARC, the market is driven by drug discovery and development of personalized medicines and clinical diagnostics.

America with a major share in the Bioinformatics Industry