Tag Archives: Bioinformatics Market Demand

Future Trends of Bioinformatics Market by Product, Technology, Growth Factors and Trends by Forecast 2018

 

Excell Reports announces the addition of new study based research report on Bioinformatics Market to their suite of offerings. The report provides key statistics on the market status of the Bioinformatics manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

The report also provides the detailed geographic analysis of Bioinformatics markets covering major countries in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa regions. In 2015, North America accounted for the majority share of the ****** Bioinformatics market followed by Europe and Asia-Pacific. The large share of this region can be attributed to the stringent legislative and accreditation requirements regarding healthcare, the high adoption rate of Bioinformatics technologies in order to curtail the soaring healthcare costs, regulatory requirements regarding patient safety. Europe is the second-largest Bioinformatics market.

****** 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

Bioinformatics Market Foresight by 2023 | Identifies the Key Drivers of Growth, Demand and Challenges of the Key Industry Players

The introduction and adoption of cloud computing and nanopore technology are expected to offer numerous opportunities in the ****** bioinformatics market. The nanopore technology has been projected for getting used in the study of crop science, deoxyribonucleic acid (DNA), ribonucleic acid (RNA), proteins and small molecules with a range of applications in personalized medicine, and scientific research.

Bioinformatics is a discipline that deals with the retrieval, storage, processing, management and analysis of organic information through computational techniques. Bioinformatics plays an important role in drug innovation and improvement. The involvement of bioinformatics in storing, retrieving, analyzing and forming biological information helps in efficiently managing enormous database associated with drug innovation and development.

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Bioinformatics technologies are used in various pharmaceutical and biotechnology sectors. They are mainly used in the medical sector, which is driven by the increasing use of bioinformatics for the drug development and discovery process. Falling prices of DNA sequencing and increasing government initiatives to boost bioinformatics based life sciences research activities are the two major growth drivers of the ****** bioinformatics market. Some of the other drivers contributing to growth the of ****** bioinformatics market includes, increasing demand for bioinformatics as a consulting solution by pharmaceutical manufacturers and medical devices, in an effort to accelerate and improve manufacturing processes, with the increasing need for bioinformatics in data incorporation and warehousing.

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Moreover, the use of bioinformatics helps in optimizing the research and development process by post clinical trials and thoroughly managing the large amount of data, thereby accelerating and simplifying the process of drug target acknowledgement.

North America dominated the ****** bioinformatics market in 2013, by holding approximately 42% of the market share. The availability of encouraging government support in terms of funding and large number of research initiatives carried out in the region are some of the factors responsible for worldwide dominance of the region. The Asia-Pacific bioinformatics market is projected to be the fastest growing regional market in the forecast period. High availability of trained labors in countries such as, China and India with low labor costs has inspired manufacturers to stick upon contract research outsourcing strategies for limiting costs, which has enormously contributed to the growth of Asia-Pacific bioinformatics market.

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Some of the key competitors within the ****** bioinformatics market include Tripos, LP, Affymetrix, Inc, Agilent Technologies, Illumina, Inc., Helicos Biosciences Corporation, IBM Life Sciences, Thermo Fisher Scientific Inc, Rosetta Inpharmatics LLC, Celera and others.