Bioinformatics Market 2021 Report- Size, Key Company Profiles, Types, Applications And Forecast To 2027

Bioinformatics Market research report helps in gathering and analysing useful insights such as global market size, forecast and Compound Annual Growth Rate (CAGR) of a particular industry. It also helps in determining the market status, future prospects, growth opportunity, main challenges about the market for any industry. Bioinformatics Market research report also provides complete analysis of the industry, current market trend, overview of the established market players, competitor analysis, for effective decision-making capabilities of the debutant and established entrepreneurs. It helps in streamlining the plan of action, before any new product launch and formulating respective marketing strategies.

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Top Company Profile Analysis in this Report- Thermo Fisher Scientific (US), Illumina Inc (US), Agilent Technologies (US), QIAGEN (Netherlands), BGI (China), Wuxi NextCODE (China), Eurofins Scientific (Luxembourg), Waters Corporation (US), Sophia Genetics (Switzerland), Partek (US), and DNASTAR (US).

The global bioinformatics market is projected to reach USD 13.50 billion in 2023 from USD 7.73 billion in 2018, at CAGR of 14.5%. Growing demand for nucleic acid and protein sequencing, applications of bioinformatics in proteomics and drug discovery, clinical diagnostics and personalized medicine are the major factors driving the growth of the bioinformatics market. On the other hand, lack of well-defined standards and common formats for data integration are the major factor restraining market growth.

Global bioinformatics market is divided into medical biotechnology, academics, animal biotechnology, agricultural biotechnology, environmental biotechnology, and forensic biotechnology. The medical biotechnology is subsegmented into drug discovery & development, clinical diagnostics & precision medicine, reproductive health. In 2023, the medical biotechnology segment is expected to account for the highest growth of the bioinformatics market. The rising adoption of bioinformatics tools in pharma and clinical applications is driving market growth.

The bioinformatics market in this report is segmented by product & service, applications, sectors, and region. The study tracks and analyzes competitive developments such as product launches, collaborations, agreements, partnerships, and acquisitions, and profiles key players and core competencies in the bioinformatics market.

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Reasons to buy this report:

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on portfolios offered by the top players in the global bioinformatics market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product launches in the bioinformatics market
  • Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for bioinformatics products across regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the global bioinformatics market
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the key players in the bioinformatics market

Table of Contents in this Report-

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Sources
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation

3 Executive Summary

4 Premium Insights
4.1 Bioinformatics: Market Overview
4.2 Asia Pacific Bioinformatics Market, By Products and Services and Bioinformatics Platforms (2018)
4.3 Bioinformatics Market, By Application
4.4 Bioinformatics Market, By Sector
4.5 Geographical Snapshot of the Bioinformatics Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Nucleic Acid and Protein Sequencing Due to Reduction in Sequencing Cost and Technological Advancement
5.2.1.2 Initiatives From Government and Private Organizations
5.2.1.3 Growing Applications of Bioinformatics
5.2.1.3.1 Proteomics and Drug Discovery
5.2.1.3.2 Clinical Diagnostics and Personalized Medicine
5.2.1.4 Number of Collaborations Between Companies and Research Institutes
5.2.2 Restraints
5.2.2.1 Lack of Well-Defined Standards and Common Data Formats for Integration of Data
5.2.2.2 Lack of User-Friendly Tools at Cheaper Prices
5.2.3 Opportunities
5.2.3.1 Blockchain Technology and Cloud Computing
5.2.3.2 Integration of Machine Learning and AI in Healthcare
5.2.3.3 It Giants Investing in the Development of Bioinformatics Solutions
5.2.4 Challenges
5.2.4.1 Management of Large Volumes of Data
5.2.4.2 Lack of Interoperability and Multiplatform Capabilities
5.2.4.3 Growing Competition From In-House Development and Publicly Available Tools
5.2.4.4 Shortage of Skilled Bioinformatics Professionals

6 Bioinformatics Market, By Products and Services

and more…

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