Bioinformatics is the combination of information technology, statistics, molecular biology, and algorithms to analyze the data obtained from various experiments. It includes collecting biological data, preparation of a computational model, solving computational modeling problems, and evaluation of computational algorithm. Bioinformatics uses computation to extract knowledge from biological data, which can be used in drug discovery and developments.
The global bioinformatics market is expected to register substantial growth in the near future, owing to rise in need for integrated data and increase in applications of proteomics & genomics. In addition, drug discovery & development is expected to boost the market growth during the forecast period. However, lack of skilled personnel and common data formats is projected to hamper the market growth during the forecast period. Conversely, increase in need for integrated solutions & systems is expected to offer lucrative opportunities for market players.
The global bioinformatics market generated $6,389.00 million in 2017, and is projected to reach $18,233.00 million by 2025, growing at a CAGR of 13.8% from 2018 to 2025
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The global bioinformatics market is segmented based on technology & services, application, sector, and region. By technology, the market is categorized into knowledge management tools, bioinformatics platforms, and bioinformatics services. Based on application, it is classified into metabolomics, molecular phylogenetics, transcriptomics, proteomics, chemoinformatics, genomics, and others. Depending on sector, it is segregated into medical bioinformatics, animal bioinformatics, agriculture bioinformatics, academics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Importantly, the research taps critical data about the niche segments, market share, size, and growth rate to offer business owners, field marketing executives, and stakeholders a competitive edge over others operating in the same industry. Deep dive into customer-focused aspects, including spending power, shifting customer preferences, and consumption patterns, further narrate a lot about the business processes in vogue and product utilization for the forecast period.
The major manufacturers covered in this report:
Agilent Technologies, Inc.,Geneva Bioinformatics (Genebio),Dassault Systems,Eurofins Scientific,Illumina Inc. Bruker Daltonics Inc.,Biomax Informatics AG,Perkinelmer Inc.,Qiagen N.V.,Thermo Fisher Scientific, Inc.
Scope of the Report:
The research on the Bioinformatics market concentrates on extracting valuable data on swelling investment pockets, significant growth opportunities, and major market vendors to help understand business owners what their competitors are doing best to stay ahead in the competition. The research also segments the Bioinformatics market on the basis of end user, product type, application, and demography for the forecast period 2018 – 2025. Detailed analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, which include charts, tables, and infographics.
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For more clarity on the real potential of the Bioinformatics market for the forecast period 2018 – 2025, the study provides vital intelligence on major opportunities, threats, and challenges posed by the industry. Additionally, a strong emphasis is laid on the weaknesses and strengths of a few prominent players operating in the same market. Quantitative assessment of the recent momentum brought about by events such as collaborations, acquisition and mergers, product launches and technology innovation empower product owners, as well as marketing professionals and business analysts make a profitable decision to reduce cost and increase their customer base.
Geographically, this report focuses on product sales, value, market share, and growth opportunity in key regions such as North America,U.S.,Canada,Mexico,Europe,Germany,France,UK,Italy,Sweden,Rest of Europe,Asia-Pacific,Australia,Japan,India,Vietnam
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The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2018 – 2025? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Bioinformatics market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Bioinformatics market?
4. What are the prominent market trends influencing the development of the Bioinformatics market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Bioinformatics market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?
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