Tag Archives: Bioinformatics Market trends

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.

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