Bioinformatics Market Consumption by Size, Share and Product Type 2018-2025

1
Global Bioinformatics Market

• Drivers, Restraints, Potential Growth
  Opportunities, Vendor Competitive Landscape,
  Trends and Forecast 2018-2025

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2
Global Bioinformatics Market

• Bioinformatics is the combination of biology and
  information technology. The global bioinformatics
  market is a field of study stately including
  computer sciences, molecular biology,
  biotechnology, statistics, and engineering. It is
  particularly used to manage and to analyze large
  sets of data.
• The global bioinformatics market size is expected
  to witness a hike of 19.8 by the end of 2023.
  After the completion of Human Genome Project and
  the Human Proteome Project, there were changes in
  the profiling of proteomic and genomic analysis,
  this has given a new dimension to the growth of
  global bioinformatics market. Other factors like
  government spending on RD initiatives, growing
  demand for tools and platform for data management
  are also affecting and implementing growth in the
  market.
• According to the TMR report, biotechnology with
  technological and process advancements primarily
  tends to create job opportunities in various
  countries, resulting, the government is mainly
  focusing on the growth of the biotechnology
  industry. Prominent players in the global
  bioinformatics market are more focused on
  maintaining their position, they are investing in
  research and development projects.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/bioinformatics-market

3
Global Bioinformatics Market

• The largest share in the global bioinformatics
  market is medical biotechnology. This large share
  has been attributed to increasing in drug
  discovery and development process for development
  of new safe and effective drugs at a low cost in
  the bioinformatics industry.
• The global bioinformatics market is further
  segmented into proteomics, genomics, drug design,
  chemo informatics, molecular phylogenetic,
  transcriptomics, metabolomics in that genomics is
  going to be the leading market in the next five
  years.
• Key Development in the global bioinformatics
  market
• Some of the key development happened in recent
  years are stated,
• In January 2018, Thermo Fisher Scientific
  introduced Ion GeneStudio S5 Series (next
  generation sequencers)
• In November 2017, Biomillenia collaborated with
  QIAGEN for the use of Microbial Genomics Pro
  Suite
• In August 2017, Agilent Technologies and Eurofins
  Genomics collaborated for the expansion of
  SureVector
• Some of the major players are Qiagen,
  Affymetrics, Geneva Bioinformatics SA Illumina,
  Agilent technologies, and Perkinelmer. The top
  three market players in the global bioinformatics
  market are Accelrys Inc, Affymetrix Inc, CLC bio
  A/S, All these together hold approximately 34.6
  of the bioinformatics market share in the market.

4
Global Bioinformatics Market

• North America to Dominate the Market
• By geography, the global bioinformatics market is
  segmented into North America, South America,
  Asia-Pacific, Europe, Middle East, and Africa.
  Due to the increasing demand of bioinformatics
  for genomics and proteomics research, increases
  in research funding, technological advancement,
  and a large number of count of market players in
  the region, North America dominates the global
  bioinformatics market. Whereas Asia-Pacific is
  expected to grow by 20 by end of 2020. Factors
  which are responsible for the growth is
  increasing research on drug discovery and
  increasing use of bioinformatics in academia.The
  large amount of data generated is complex to
  understand, this complexity might give wrong
  assumptions or unwanted information. Data
  dissemination is a major challenge for the growth
  of the global bioinformatics market. The
  generated data is also posing a challenge
  regarding data storage and data annotation.
  Reimbursement hurdles for the manufacturer and
  high-capital investment are another challenges
  for the market right now.
• ConclusionMajor Players in the bioinformatics
  industry are helping in elevating the demand and
  working on a higher growth application of
  bioinformatics in drug discovery. Increasing
  bioinformatics supports in clinical diagnostics
  and development. The crucial need for integrated
  bioinformatics systems in genomics and proteomics
  is also into improvising the operational process
  and revealing the scope to grow in a specific
  area of the market.
• Purchase a single user copy of the global
  Bioinformatics market report _at_ https//www.adroitm
  arketresearch.com/researchreport/purchase/67

5
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