Global Bioinformatics Market (2020 to 2027) – By Technology & Services, Application and Industry – ResearchAndMarkets.com

News Highlights: Global Bioinformatics Market (2020 to 2027) – By Technology & Services, Application and Industry – ResearchAndMarkets.com

DUBLIN– (BUSINESS WIRE) –The Bioinformatics Market by Technology & Services, Application and Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027 ” report has been added to ResearchAndMarkets.com’s offering.

The global bioinformatics market generated $ 8,614.29 million in 2019 and is expected to reach $ 24,731.61 million by 2027, with a CAGR of 13.4% between 2020 and 2027.

Bioinformatics is the combination of information technology, statistics, molecular biology and algorithms to analyze the data obtained from various experiments. It involves collecting biological data, building a computational model, solving computer modeling problems, and evaluating computational algorithm. Bioinformatics uses computation to extract knowledge from biological data, which can be used in drug discovery and development.

The global bioinformatics market is expected to show substantial growth in the near future, driven by the growing need for integrated data and an increase in proteomics & genomics applications. In addition, drug discovery and development is expected to drive market growth during the forecast period. The lack of skilled personnel and common data formats are expected to hinder market growth over the forecast period. Conversely, an increase in the need for integrated solutions and systems is expected to provide lucrative opportunities for market players.

The global bioinformatics market is segmented by technology and services, application, sector and region. Technology has divided the market into knowledge management tools, bioinformatics platforms and bioinformatics services. Based on the application, it is classified into metabolomics, molecular phylogenetics, transcriptomics, proteomics, chemoinformatics, genomics and others. Depending on the industry, it is split into medical bioinformatics, animal bioinformatics, agricultural bioinformatics, academics and others. Region-wise, it is analyzed in North America, Europe, Asia Pacific and LAMEA.

Main benefits

• An in-depth analysis of different regions is expected to provide a detailed understanding of current trends, allowing stakeholders to formulate region-specific plans.

• A comprehensive analysis is provided of the factors driving and slowing the growth of the global bioinformatics market.

Market dynamics

Drivers

• There is a need for integrated data

• Increase in Growth in Proteomics & Genomics

• Discovery and development of medicines

Limitations

Opportunity

Main market players

• Agilent Technologies, Inc.

• Biomax Informatics AG

• From DNAnexus, Inc.

• Genedata AG

• Intrexon Bioinformatics Germany GmbH

• Illumina Inc.

• Perkinelmer Inc.

• Qiagen NV

• Seven Bridges Genomics Inc.

• Thermo Fisher Scientific, Inc.

Other players

For more information on this report, visit https://www.researchandmarkets.com/r/1exv5j

Via: www.businesswire.com

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