ID: MRFR/LS/1664-HCR | February 2021 | Region: Global | 80 pages
Market Synopsis of Bioinformatics Market:
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.
Study Objectives of Bioinformatics Market:
Bioinformatics Market, by Region
Key Players for Bioinformatics Market:
Some of the key players in this market are: Agilent Technologies, Illumina, Inc., QIAGEN N. V, and Thermo Fisher Scientific Inc., Dassault Systèmes, QIAGEN and others.
Bioinformatics market has been segmented on the basis of application which comprises of genomics, chemoinformatics, drug design, transcriptomics, molecular phylogenetics, proteomics, metabolomics, DNA sequences and others. On the basis of services and technology the market is segmented into data warehousing, sequence analysis, sequence manipulation and others. On the basis of sector the market is divided into medical bioinformatics, animal bioinformatics, agriculture bioinformatics and others. Regional Analysis of Bioinformatics Market:
Globally Americas is the largest market for Bioinformatics. Where in countries like US and Canada play an important role in the growth of the market. Europe is expected to be the second-largest market which is expected to reach US$ XX million by the end of the forecasted period. Furthermore Asia pacific market is expected to be the fastest growing market for Bioinformatics. Intended Audience
The report about bioinformatics market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different markets segments and regions.
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Application, Technology and Services and Sector|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Agilent Technologies, Illumina, Inc., QIAGEN N. V, and Thermo Fisher Scientific Inc., Dassault Systèmes, QIAGEN|
|Key Market Opportunities||Joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments|
|Key Market Drivers||Increasing research and development investments, government and private organizations initiatives|
Frequently Asked Questions (FAQ) :
The global bioinformatics market is projected grow at approximately 19.8% CAGR during the assessment period (2016-2022).
Increasing global burden of chronic diseases, increasing research and development investments, government and private organizations initiatives, and improved collaborative ties between companies and research institutes are the major tailwinds pushing the growth of the global bioinformatics market.
North America holds the largest share in the global bioinformatics market, followed by Europe and the Asia Pacific, respectively.
Illumina, Inc., Agilent Technologies, QIAGEN N. V, and Dassault Systèmes, Thermo Fisher Scientific Inc., and QIAGEN, are some of the major players operating in the bioinformatics market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global bioinformatics market adopt to gain a larger competitive advantage.