Global Bioinformatics Market is Expected to Reach USD 22.78 Billion By 2024 by Data Bridge Market Research
·
By Industry (Molecular Medicine, Drug Development, Clinical Diagnostics,
Agriculture, Forensic, Animal, Academics & Research, Environmental, Gene
Therapy),
·
By Product Type (Sequencing Platforms, Knowledge Management Tools,
Bioinformatics Software),
·
By Application (Preventive Medicine, Molecular Medicine, Genomics, Drug
Development, Transcriptomics, Others),
·
By Services (Data Analysis, Sequencing, Database integration, Others),
·
By Geography (North America, Europe, Asia-Pacific, South America, Rest of
the World) – Trend and Forecast to
2024”, has accounted for USD 22.78 billion by 2024 from USD 6.54 billion in
2016, at a CAGR of 16.8% in the forecast period 2017 to 2024.
Competitive Landscape: Bioinformatics Market
The global bioinformatics market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
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The global
bioinformatics market is expected to experience a surging growth in the near
future. The driving factors for this market are increasing government
initiatives and funding, and growing use of bioinformatics in drug discovery
and bio-markers development processes. However, shortage of trained research
personnel required for proper use of bioinformatics tools, and non-availability
of platforms to integrate large datasets produced by bioinformatics is expected
to offset the growth of this market.
Market
Segmentation: Bioinformatics Market
·
The global bioinformatics
market is segmented based on industry, product type, service and
application.
·
Based on industry, the
bioinformatics market is segmented into molecular medicine, drug development,
clinical diagnostics, agriculture, forensic, animal, academics and research,
environmental and gene therapy.
·
Based on product type,
the bioinformatics market is segmented into sequencing platforms, knowledge
management tools and bioinformatics software.
·
Based on applications,
the bioinformatics market is segmented into preventive medicine, molecular
medicine, genomics, drug development, transcriptomics and, other
biotechnological applications.
·
Based on services, the
bioinformatics market is segmented into data analysis, sequencing, data
integration among others.
Geographical
Segmentation: Bioinformatics Market
Based on geography the
market is segmented into 5 geographical regions, North America, Europe,
Asia-Pacific, South America and rest of the world.
The geographical regions
are further segmented into 24 major countries such as U.S. Canada, Mexico,
Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China,
Singapore, Brazil, India, Russia, South Africa and many others. U.S. is
expected to dominate the market due to large investments in public and private
research for drug developments and gene therapy. China and, India among some
other developing nations is expected to grow at the highest CAGR due to large
private multinationals investing in healthcare development in these countries.
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.
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