Global Bioinformatics Market to hit $26.33 billion at CAGR of 16.5% in the forecast by 2026


Posted August 12, 2019 by onkarDbmr

Bioinformatics is an interdisciplinary field that develops methods and software tools for understanding biological data.

 
Bioinformatics is an interdisciplinary field that develops methods and software tools for understanding biological data. As an interdisciplinary field of science, bioinformatics combines biology, computer science, information engineering, mathematics and statistics to analyze and interpret biological data. Global Bioinformatics Market is expected to reach USD 26.33 billion by 2026 from USD 7.76 billion in 2018, at a CAGR of 16.5% in the forecast period 2019 to 2026.

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Market Drivers
• Increasing government initiatives and funding will drive the growth of the market.
• Growing use of bioinformatics in drug discovery and bio-markers development processes.

Market Restraints
• Shortage of trained research personnel required for proper use of bioinformatics toolsis expected to act as a restraint to the market growth.
• Non-availability of platforms to integrate large data sets produced by bioinformatics is expected to offset the growth of this market.

Leading Key players profiled in this report are:
Few of the major competitors currently working in the bioinformatics market are Thermo Fisher Scientific (US), Illumina Inc. (US), Agilent Technologies, Inc. (US), QIAGEN (Netherlands), BGI (China), Wuxi NextCODE (China), Eurofins Scientific (Luxembourg), Waters Corporation (US), Sophia Genetics (Switzerland), Partek (US), DNASTAR (US), Dassault Systèmes (France), DNAnexus, Inc. (US), Genebio (Switzerland), ASEBIO (Spain), PerkinElmer Inc. (US), abm Inc.(Canada) a few among others.

Market Segmentation:
By Product Type
• Sequencing platforms
• Knowledge management tools
• Bioinformatics software.
By Industry
• Molecular medicine
• Drug development
• Clinical diagnostics
• Agriculture
• Forensic
• Animal
• Academics and research
• Environmental and gene therapy
By Sector
• Medical biotechnology
• Academics
• Animal biotechnology
• Agricultural biotechnology
• Environmental biotechnology
• Forensic biotechnology.
By Applications
• Preventive medicine
• Molecular medicine
• Genomics & Drug development
• Chemoinformatics and drug design
• Proteomics
• Transcriptomics
• Metabolomics
• Transcriptomics
• Other biotechnological applications
By Services
• Data integration
• Data analysis
• Sequencing
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

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Competitive Analysis: Global Bioinformatics Market
Global bioinformatics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bioinformatics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Issued By Onkar Nimbalkar
Business Address Office Number 402, Amanora
Chambers, Magarpatta Road, Hadapsar
Country India
Categories Business , Health
Tags global bioinformatics market
Last Updated August 12, 2019