Bioinformatics Market Analysis
The global bioinformatics market is likely to grow at a whopping 19.8% CAGR between 2016- 2022, according to the new report by Market Research Future (MRFR). Bioinformatics, simply put, is a combination of biology & information technology that links biological data with the different techniques for distribution, information storage, and analysis for supporting various areas of scientific research, which also includes biomedicine. Bioinformatics utilizes software tools for data mining, data warehousing, data management, database creation, and others. Agriculture bioinformatics, animal bioinformatics, medical bioinformatics, and others are some of its major end users.
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Various factors are propelling the global bioinformatics market growth. According to the new MRFR report, such factors include improved collaborations between research institutes and companies, increasing initiatives made by private and government organizations, burgeoning demand for protein sequencing and nucleic acid, increasing funds from the government, and growing use of bioinformatics in biomarker development process & drug discovery. Besides, the introduction of the latest technologies, such as cloud computing and nanopore sequencing, is also adding market growth. Besides, the biopharmaceutical innovators are preparing a viable vaccine for the novel coronavirus and are also investing a good amount of funds into the research and development to tackle the COVID-19 pandemic, which is likely to add to the market growth.
On the contrary, scarcity of skilled personnel for ensuring the right use of bioinformatics tools, lack of integration of various data that is generated through different bioinformatics platforms, shortage of user-friendly tools at affordable prices, and lack of common data formats are factors that may limit the global bioinformatics market growth over the forecast period.
Bioinformatics Market Competitive Analysis
Key players profiled in the global bioinformatics market report include Dassault Systèmes, Thermo Fisher Scientific Inc., QIAGEN, Illumina, Inc., and Agilent Technologies. Industry players have incorporated several strategies to create a niche in the market, such as mergers, acquisitions, new product launches, joint ventures, and more.
Bioinformatics Market Segmentation
The MRFR report gives an inclusive segmental analysis of the global bioinformatics market report based on application, technology and services, and sector.
By application, the global bioinformatics market is segmented into metabolomics, proteomics, molecular phylogenetics, transcriptomics, drug design, chemoinformatics, genomics, and others. Of these, the metabolomics segment will lead the market over the forecast period.
By technology and services, the global bioinformatics market is segmented into sequence manipulation, sequence analysis, data warehousing, and others.
By sector, the global bioinformatics market is segmented into agriculture bioinformatics, animal bioinformatics, medical bioinformatics, and others. Of these, the medical bioinformatics segment will have a major share in the market over the forecast period.
Bioinformatics Market Regional Analysis
Based on the region, the global bioinformatics market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), & the Middle East and Africa. Of these, the Americas will have the lions share in the market over the forecast period. The presence of developed technologies, increasing healthcare expenditures, and the growing biotechnology sector is adding to the global bioinformatics market growth in the region.
The global bioinformatics market in Europe is predicted to hold the second-largest share over the forecast period followed by the APAC region. Increasing investments by the government to develop human capital, research initiatives, and infrastructure coupled with increasing healthcare expenditure in the biotechnology industry being made in India & China are adding to the global bioinformatics market growth in the region.
The global bioinformatics market in the MEA is predicted to have the smallest share over the forecast period for the presence of poor economies, especially in the African region. Meanwhile, the Middle East will have a good share in the market for the presence of developed economies such as Qatar, Kuwait, and others.
Table Of Content
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
5 GLOBAL BIOINFORMATICS MARKET, BY APPLICATION
List Of Tables
TABLE 1 GLOBAL BIOINFORMATICS MARKET, BY APPLICATION, 2013-2022 (USD MILLION)
TABLE 2 GLOBAL BIOINFORMATICS MARKET, BY TECHNOLOGY AND SERVICES, 2013-2022 (USD MILLION)
TABLE 3 GLOBAL BIOINFORMATICS MARKET, BY SECTOR, 2013-2022 (USD MILLION)
TABLE 4 GLOBAL BIOINFORMATICS MARKET, BY REGION, 2013-2022 (USD MILLION)
List Of Figures
FIGURE 1 RESEARCH PROCESS
FIGURE 2 PORTERS FIVE FORCES MODEL
FIGURE 3 GLOBAL BIOINFORMATICS MARKET, BY APPLICATION
FIGURE 4 GLOBAL BIOINFORMATICS MARKET, BY TECHNOLOGY AND SERVICES
FIGURE 5 GLOBAL BIOINFORMATICS MARKET, BY SECTOR
FIGURE 6 GLOBAL BIOINFORMATICS MARKET, BY REGION
FIGURE 7 GLOBAL BIOINFORMATICS MARKET: COMPANY SHARE ANALYSIS, 2015 (%)
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