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. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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A science which is a combination of biology and information technology, connects biological data with techniques for storing information, distributing, and analyzing to support different areas of scientific research, including biomedicine known as Bioinformatics. It applies tools for database creation, data management, data warehousing, data mining, and others. Some of the major players operating in this market are
- Illumina, Inc.
- DNAnexus, Inc.
- Qiagen
- Thermo Fisher Scientific, Inc.
- Agilent Technologies
- DassaultSystemes
- Geneva Bioinformatics (Genebio) SA
- Integromics S.L.
- Perkinelmer, Inc.
- Applied Biological Materials (ABM) among others
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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Key Developments in the Market:
- In April 2019, The HANS-GINS Indxx Healthcare Innovation Ucits ETF will focus on developments in sectors including bioinformatics, bioengineering, genome sequencing, healthcare trackers, nanotechnology, neuroscience, robotics and medical devices.
- In March 2017, Agilent Technologies Inc. introduced its first comparative genomic hybridization (CGH) assay which will be used for diagnostic purposes: the GenetiSureDx Postnatal Assay. This will help the clinical geneticists to detect genetic anomalies early with more accuracy as compared to than traditional methods.
Segmentation: Global Bioinformatics Market
- By Product Type
- Sequencing platforms
- Sequence Analysis Platforms
- Sequence Alignment Platforms
- Sequence Manipulation Platforms
- Structural Analysis Platforms
- Others
- Knowledge management tools
- Generalized Knowledge Management Tools
- Specialized Knowledge Management Tool
- Bioinformatics software.
- By Industry
- Molecular medicine
- Drug development
- Clinical diagnostics
- Agriculture
- Forensic
- Animal
- Academics and research
- Environmental and gene therapy
- By Sector
- Medical biotechnology
- Drug discovery & development
- Clinical diagnostics & precision medicine
- Reproductive health
- 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
- Structural
- Functional
- Sequencing
- By Geography
- North America
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Thailand
- Malaysia
- Indonesia
- Philippines
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East & Africa
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.
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