Tag Archives: Bioinformatics Market analysis

Bioinformatics Market | Growing Applications of Bioinformatics

The ****** bioinformatics market is expected to account for USD 7,063.7 billion in 2018. It is expected to reach USD 13,901.5 billion by 2023, at a CAGR of 14.5% during the forecast period. Growth of the bioinformatics market is driven by the growing demand for nucleic acid and protein sequencing, increasing government initiatives and funding, and increasing use of bioinformatics in drug discovery and biomarker development processes.

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Bioinformatics is the application of computer technology for the management and analysis of biological data. It includes collection, storage, retrieval, manipulation, and modelling of data for analysis, visualization, or prediction through algorithms and software.

Bioinformatics Market Worldwide Industry Analysis and Forecast to 2022

The Business Research Company published its Bioinformatics Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the bioinformatics market. The report covers the bioinformatics market’s segments- knowledge management tools, data analysis platforms, services, metabolomics, molecular phylogenetics, transcriptomics, proteomics, chemoinformatics, genomics, pharmaceutics, animal study, agriculture, forensic science, and others.

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