Bioinformatics Market- Forecast (2018-2023)Posted by Venkatesh on September 20th, 2018 In the Report “Bioinformatics Market: By Products (Bioinformatics Platforms, Knowledge Management Tools, Services), By Applications (Genomics, Proteomics, Transcriptomics, Metabolomics, Molecular Phylogenetics, Chemoinformatics & Drug Design, Others), By Sector (Drug Development, Clinical Diagnostics, Gene Therapy) - With Forecast (2018-2023)” published by IndustryARC, the market is driven by drug discovery and development of personalized medicines and clinical diagnostics. America with major share in the Bioinformatics Market The American region has seen substantial inflow of investment in the Bioinformatics Market sector and as a result, has seen various advancements and rapid growth in demand for the market. China, sustained by its investment in life sciences, has also seen similar growth. But most of its services are off-shore rather than its onshore products for bio-informatics. Middle East and Africa are among the least opportunistic for the market as the need for bio-informatics is still at its burgeoning stages. Approximately 34% of bioinformatics market is used for services such as sequencing, data analysis and database management, with 50% used in bioinformatics platform markets. The market for bioinformatics is buoyant, with increasing demand in Asia. Selected Product Analysis done in the full Report: The Bioinformatics platform offers services that include database design, software engineering and data integration. The sequence analysis is the procedure of subjecting a DNA, RNA or peptide sequence to extensive variety of analytical tools to comprehend its features, function, structure, or evolution. The sequencing finds its use in various applications such as molecular biology, evolutionary biology, metagenomics, medicine, forensic and more. The Bioinformatics platform is anticipated to grow at a CAGR of 19.9% and will reach revenue of .91 billion by 2023. The next product is Knowledge Management tool, which delivers strategy, process and technology. This helps influencing information and knowledge that will escalate the level of understanding which will enhance the problem solving and decision making quality. The bioinformatics knowledge management market is estimated to reach .18 billion by 2023. Similarly, next generation sequencing service is the future trend in the market. It possesses various characteristics that are different from other sequencing techniques such as much shorter reads (25-300 bp), higher throughput, lower cost per MB, single molecular sequencing and more. The bioinformatics services market is anticipated to grow at a CAGR of 22.9% and to reach revenue of .15 billion by 2023. This market is all set to experience a booming trend owing to the Increase in demand for biology modeling, which is driven by large-scale integration in the drug discovery process. To access / purchase the full report browse the link below https://industryarc.com/Report/10631/bioinformatics-market-analysis.html Excerpts on Market Growth Factors The survey of sequence and protein structure information has led to the explosive growth of bioinformatics in the last decade. The discipline is becoming increasingly important in the study of biomedical problems and will perhaps continue till the forecast. Key players of the Bioinformatics Market The company has carried out various major acquisitions which contributed to the positive growth of the market. Illumina Inc., Qiagen NV, Thermo Fisher Scientific Inc., DNAnexus, BioMax, Perkin Elmer and others are some of the role playing companies. The large number of market players operating in the global bioinformatics industry is investing in research and development projects. They are also looking forward towards technological advances for increasing applications in biosciences and integrated information technology. Bioinformatics Marketreport is segmented as below: The Global Bioinformatics Market study across various end user industries is incorporated in the report. A. Bioinformatics Market – By Products 1. Bioinformatics Platforms B. Bioinformatics Market – By Applications 1. Genomics C. Bioinformatics Market – By Sector 1. Medical bioinformatics D. Bioinformatics Market by Geography (covers 10+ countries) Companies Citied / Interviewed What can you expect from the report? 1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume) Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services. Media Contact: Mr. Venkat Reddy About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare. Like it? Share it!More by this author |