Global Bioinformatics Market: By Service Type (Knowledge Management Tools, Bioinformatics Service and Bioinformatics Platform), By Application (Metabolomics, Genomics, Proteomics, Molecular Phylogenetics, Chemoinformatics, Transcriptomics and Others) and by Region – Sizing , Growth, Trend, Opportunity and Forecast (2021-2027)
The Bioinformatics Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating globally . It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive market analysis capturing all aspects of the Bioinformatics market.
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Bioinformatics Industry Outlook
The Bioinformatics Market size is USD 8.7 Billion in 2020 and is projected to reach USD 17.4 Billion by 2027, growing at a CAGR of 14.5% during the forecast period 2021-2027. Bioinformatics combines biology and technology, which links biological data with information storage, distribution, and analysis techniques to support several areas of scientific research, including biomedicine. It applies software tools for creating databases, data mining, data warehousing, etc.
Factors affecting the bioinformatics industry during the forecast period:
Rising government initiatives and investments to support R&D for new drug development are expected to be the major factors driving the market over the forecast period
Major IT companies have started to focus on bioinformatics for healthcare applications. Investments are underway for state-of-the-art tests and techniques in the fight against diseases, including Parkinson’s disease and cancer. This might create a new opportunity for the development of the bioinformatics market during the forecast period
During the reporting period, lack of skilled employees and unavailability of a platform to integrate huge data are major factors restraining the global bioinformatics market.
Impact of COVID-19 on the bioinformatics market:
The outbreak of the COVID-19 pandemic has significantly affected the global bioinformatics market as the industry is witnessing significant growth owing to an increase in demand for bioinformatics devices in this COVID-19 pandemic where everything works via contactless contacts.
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The report outlines the Global Bioinformatics Market study based on service type and application.
On the basis of service type, the bioinformatics market has been segmented into –
- Knowledge management tools
- Bioinformatics Service
- Bioinformatics platform
Based on Application, the Bioinformatics Market has been segmented into-
- Molecular phylogenetics
Bioinformatics Market: Regional Outlook
The global bioinformatics market is geographically divided into North America, Asia-Pacific, Europe, South America, Middle East and Africa. North America is expected to hold the largest market share in the global bioinformatics market due to high adoption of advanced technologies and increasing demand for better bioinformatics tools, which are needed in the process drug discovery and development. In addition, Asia-Pacific is expected to experience the highest CAGR growth in the global market over the forecast period.
Leading Competitors in the Global Bioinformatics Market include-
The global bioinformatics market is highly fragmented, with a large number of small players across the globe. Vital Bioinformatics manufacturers operating in the global market are-
- Beijing Genomics Institute
- Biomax Informatics AG
- Bruker Daltonics, Inc.
- Eurofins Scientific
- Geneva Bioinformatics
- IBM Life Sciences
- life technology company
- Perkinelmer, Inc.
- Qiagen Bioinformatics
- Quest Diagnostics, Inc.
- Rosetta firmware
- Nonlinear dynamics SA
- Thermo Fisher Scientific
The Bioinformatics market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.
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Bioinformatics Market Report Covers Comprehensive Analysis on:
- Market Segmentation and Regional Analysis
- 10 year market size
- Price analysis
- Supply and demand analysis
- Product life cycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Opportunities, risks and market trends
- Conclusion and recommendation
- Regulatory landscape
- Patent Analysis
- Competition landscape
- More than 15 company profiles
Regional Bioinformatics Market Analysis Includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA
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Bioinformatics Market: Target Audience
- Manufacturers of bioinformatics devices
- Bioinformatics Service Providers
- Trade publications and magazines
- Government authorities, associations and organizations