Tag Archives: Bioinformatics Market Size

Bioinformatics Market Opportunities, Companies Profiles and Risk & Forecast Up To 2018-2025

The report provides a detailed analysis of top investment pockets, changing market trends, major segments, market size & estimations, value chain, and competitive landscape. According to the report, the ****** bioinformatics market garnered $6.38 billion in 2017 and is expected to reach $18.23 billion by 2025, growing at a CAGR of 13.8% from 2018 to 2025.

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Increase in need for integrated data, applications in drug discovery & development, and supportive government initiatives drive the growth of the market. However, scarcity of skilled personnel, saturation in pharmaceutical sector, and availability of common data formats restrain the market growth. On the other hand, data overload, standardization, and requirement for integrated solutions & systems create new pathways in the 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

Bioinformatics Market will grow at a CAGR of around 15% during 2016-2022

BioinformaticsBioinformatics is the application of computational techniques to analyze the information associated with biomolecules on a large-scale. It has now firmly established itself as a discipline in molecular biology, and encompasses a wide range of subject areas from structural biology, genomics to gene expression studies. The increasing application of genomics, proteomics, cheminformatics, transcriptomics, metabolomics, molecular phylogenetics, etc. in biotech and pharmaceutical research and development has created a huge commercial market for bioinformatics worldwide, which is expected to grow in the future. The ****** bioinformatics market is forecasted to grow at a CAGR of around 15% during 2016-2022. Thus, there lies a huge opportunity for industry participants to tap the fast growing market. 

Bioinformatics Market 2018 to 2026 – Share, Analysis, Trends and Forecast by Credence Research

The latest market report published by Credence Research, Inc. “****** Bioinformatics Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2024,” the bioinformatics market was valued at USD 8,580.0 Mn in 2015, and is expected to reach USD 38,614.0 Mn by 2024, expanding at a CAGR of 20.3% from 2016 to 2024.

Browse the full report Bioinformatics Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2024 at http://www.credenceresearch.com/report/bioinformatics-market

Market Insights

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.