LONDON, January 24, 2022 /PRNewswire/ — The global bioinformatics market in terms of revenue was worth $10.82 billion in 2021 and is expected to reach $24.07 billion by 2028, growing at a CAGR of 12.1% from 2021 to 2028. The global bioinformatics market size is expected to grow at a substantial growth rate owing to several driving factors.
Growing scope of research and development, drug discovery, new advancements in genetic analysis and synthesis methods and techniques are driving the bioinformatics market.
“Bioinformatics Market Size, Share and Trends Analysis Report by Product (Sequence Analysis Platform, Sequence Alignment Platforms, Structural and Functional Analysis Platforms, Sequence Manipulation Platforms) , by Application (Drug Development, Protein Function Analysis, Gene Therapy, Molecular Genomics, Personalized Medicine) Based on Region & Segment Forecast, 2022 – 2028“
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Bioinformatics is a combination of biology and information technology, which links biological data with information storage, distribution and analysis techniques to support several areas of scientific research, including biomedicine. Bioinformatics software and tools are used as integrated solutions that provide algorithms and statistical methodologies for data analysis and help integrate data management and analysis for applications such as next-generation sequencing, patterning and genomic and proteomic modeling, and three-dimensional drug design. . There are various bioinformatics tools available in the market, categorized into homology and similarity tools, functional and protein analysis tools, sequence analysis tools, and miscellaneous tools. Rising R&D initiatives in the proteomics and genomics market including other “–omics” related fields is further expected to support the growth of the market to meet demand for storage and analysis of data.
Key segments of Bioinformatics Market covered in this report:
- Sequence analysis platform
- Sequence alignment platforms
- Structural and functional analysis platforms
- Sequence manipulation platforms
- Drug development
- Protein function analysis
- Genetical therapy
- Molecular genomics
- Personalized medicine
Best Bioinformatics Companies in the Market Covering prominent players like,
- Agilent Technologies, Inc.
- Genedata AG
- Intrexon Bioinformatics Germany GmbH
- Illumina Inc.
- Perkinelmer Inc.
- Accelrys, Inc.
- Affymetrix, Inc.
- Nonlinear dynamics SA
- Biomax Informatics AG, DNAnexus, Inc.
- ThermoFisher Scientific, Inc.
- Geneva Bioinformatics (Genebio)
- Dassault Systems
- Eurofins Scientific
- Bruker Daltonics Inc.
- Qiagen AG
- Seven Bridges Genomics Inc.
- Quest Diagnostics, Inc.
Bioinformatics Market Dynamics:
The key driver for the growth of the bioinformatics market is the growing demand for nutritional infant foods due to changing lifestyles and increasing number of working women across the globe. According to the World Health Organization (WHO), only 38% of infants are exclusively breastfed worldwide. Additionally, growing consumer awareness about the nutritional benefits of bioinformatics is driving the growth of the bioinformatics market. Furthermore, the increasing consumption of bioinformatics among sportsmen due to its health benefits such as boosting the immune system and helping in muscle maintenance and performance in sportsmen is driving the bioinformatics market. However, the limiting factors for the bioinformatics market growth are the strict government regulations regarding the formulation of supplements and high R&D costs. Moreover, innovation in different forms and products will create huge opportunities in the bioinformatics market.
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Global Bioinformatics Market Dynamics:
Bioinformatics is the combination of biology and information technology. It is widely used in the management of biological information in the field of medical research and drug development. It uses software tools for database creation, data management, data warehousing, data mining and communication networks. Expenditure and investment in drug discovery is increasing the growth of the market. The propensity to collaborate with genetic research organizations is the key element responsible for the large market share of medical biotechnology. The field covers many advanced and specialized areas of life such as structural genomics, functional genomics, microarrays, comparative genomics, medical information and others. The growing need for integrated bioinformatics systems in proteomics and genomics is also supporting the growth of the bioinformatics market. Genomics is the largest application-based bioinformatics market. Increase in mergers and acquisitions and innovation of new products are some of the latest trends in the bioinformatics market. Nanopore sequencing technology is one of the growth opportunities for the bioinformatics market. Lack of skilled professionals and high cost of implementing bioinformatics software is restraining the growth of the bioinformatics market.
The Special Requirements Bioinformatics Market report is also available for the region below:
- Germany, FranceUK, Italy, Spain, SwedenNetherlands, Turkey, Switzerland, BelgiumRest of Europe
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, IndonesiaRest of APAC
- Mexico, Colombia, Brazil, Argentina, PeruRest of Latin America
Middle East and Africa
- Saudi ArabiaWATER, Egypt, South AfricaRest of MEA
Our market research solution provides you with an answer to the below mentioned question about the bioinformatics market.
- What are the driving factors responsible for the Bioinformatics market growth?
- What are the blocking factors in this market?
- What are the new opportunities of Bioinformatics, by which market will grow in the coming years?
- What are the trends in this market?
- What are the main factors responsible for the launch of a new product?
- What is the global and regional market size in terms of revenue, sales and production?
- How much will the market grow during the forecast period in terms of revenue, sales, and production?
- Which region dominates the global market and what are the market shares of each region in the global market in 2021?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
- And more
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