Bioinformatics Market: Introduction
According to the report, the global bioinformatics market was valued at US$ 24.7 Bn in 2020 and is projected to expand at a CAGR of 5.9% from 2021 to 2028. Bioinformatics is used to manage the data gathered from research & development projects in the biopharmaceutical, life sciences, and biotechnology industries. Growth of the bioinformatics market is driven by rise in applications of IT in the healthcare sector, along with robust technological advancements. The usage of information technology or IT has enabled easy storage, processing, access, and retrieval of data.
Request A Free Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=656
Additionally, the demand for advanced treatment of several diseases and effective preventive solutions is rising. Hence, healthcare professionals focus on research & development projects. Moreover, surge in R&D activities has led to rise in data generation, which increases demand for efficient technology for data management in the healthcare sector.
Usage of Bioinformatics in High Throughput Screening
The high throughput screening is an emerging bioinformatics field that performs biological tests at high speed with the help of data processing software, sensitive detectors, and liquid handling devices. Increase in importance of high throughput screening in drug discovery is likely to drive the global bioinformatics market over the next few years.
Platforms Segment to Dominate Global Market
The global bioinformatics market has been segmented into services, tools, and platforms. These are commercially available for the purpose of processing the data obtained from various research & development projects employing bioinformatics. In terms of consumption, the platforms segment dominated the global market in 2020, accounting for leading share. The growth of the segment can be attributed to rise in usage of bioinformatics in the process of drug discovery and increase in research & development activities. However, the services segment is projected to dominate the global market during the forecast period.
Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=656
Molecular Medicine Segment to Dominate Market
Bioinformatics has applications in preventive medicine, molecular medicine, gene therapy, drug development, and others. Other application areas include forensic analysis of microbes, genetic research for antibiotic resistance, and veterinary science. The molecular medicine segment accounted for the largest market share in 2020. The drug development segment is anticipated to expand at the highest CAGR from 2021 to 2028.
North America to Dominate Global Market
In terms of region, the global bioinformatics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global bioinformatics market in 2020, followed by Europe. Availability of developed technology, structured regulatory framework, higher adoption rate of new technology, and significant investment in research & development by companies boost the growth of the bioinformatics market in North America and Europe. Asia Pacific is a lucrative market for bioinformatics. Factors such as surge in government initiatives to boost biotechnology research & development activities in respective country, increase in funding, rise in awareness about bioinformatics, and surge in literacy rate are expected to fuel the growth of the bioinformatics market in Asia Pacific.
Request For Custom Research: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=656
Competition Landscape
The global bioinformatics market is fragmented in terms of number of players. Key players in the global market include Accelrys, Inc., ID Business Solutions, Ltd., Affymetrix, Inc., CLC bio A/S, Agilent Technologies, Inc., GenoLogics Life Sciences Software, Inc., Life Technologies Corporation, and Illumina, Inc.
Global Bioinformatics Market: Segmentation
Bioinformatics Market, by Platforms, Tools, and Services
- Platforms
- Sequence Manipulation Platforms
- Sequence Alignment Platforms
- Structural Analysis Platforms
- Sequence Analysis Platforms
- Tools
- General Knowledge Management Tools
- Specialized Knowledge Management Tools
- Services
- Data Analysis
- Sequencing Services
- Database & Management
- Other Services
Ask References: https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=656
Bioinformatics Market, by Application
- Preventive Medicine
- Molecular Medicine
- Gene Therapy
- Drug Development
- Others
Bioinformatics Market, by Region
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- Australia
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- GCC Countries
- Rest of Middle East & Africa
Request Report Methodology: https://www.transparencymarketresearch.com/sample/sample.php?flag=RRM&rep_id=656
More Trending Reports by Transparency Market Research:
Human Microbiome Market - https://www.transparencymarketresearch.com/india-human-microbiome-market.html
Water for Injection Market - https://www.transparencymarketresearch.com/water-for-injection-market.html
Venous Diseases Treatment Market - https://www.transparencymarketresearch.com/venous-diseases-treatment-market.html
Empty Capsules Market - https://www.transparencymarketresearch.com/empty-capsules-market.html
Prostate Cancer Therapeutics Market - https://www.transparencymarketresearch.com/prostate-cancer-therapeutics-market.html
Bruise Treatment Market - https://www.transparencymarketresearch.com/bruise-treatment-market.html
Substance Abuse Treatment Market - https://www.transparencymarketresearch.com/substance-abuse-treatment-market.html
Chronic Obstructive Pulmonary Disease (COPD) Treatment Market - https://www.transparencymarketresearch.com/chronic-obstructive-pulmonary-disease-copd-treatment-market.html
About Us
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com