Hyderabad, India, March 10, 2017 (GLOBE NEWSWIRE) -- The report “Bioinformatics Market: By Products (Bioinformatics Platforms, Knowledge Management Tools, Services) By Applications (Genomics, Proteomics, Transcriptomics, Metabolomics, Drug Design) By Sector (Clinical Diagnostics, Gene Therapy) –Forecast (2017-2022)”, published by IndustryARC, estimates that the market will exhibit CAGR of 20.83% till at least 2022
Browse 29 Market Tables, 77 Figures spread through 227 Pages and an in-depth TOC on “Bioinformatics Market 2017-2022”.
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Bioinformatics is the amalgamation of biological sciences and information technology. The advancements in information technology have extended its scope and applications into the field of life sciences and biotechnology leading to the escalation of Bioinformatics market. Bioinformatics is the computer technology application that enables scientists to map the human genome. It involves the integration of computers, software tools and databases to get the information that is stored in certain types of biological data. Changing patterns of diseases and the emergence of new diseases creates a demand for the development of new drugs. Bioinformatics plays a key role in the development and discovery of drugs. Need for integrated quality data and the governments’ positive attitude towards Bioinformatics are the major driving forces of the market.
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The quantitative and qualitative data collected for the Bioinformatics report is from a combination of secondary and primary sources. Research interviews were conducted with senior executives and/or mangers in the Bioinformatics. These Key Opinion Leaders (KOLs) were then provided a questionnaire to gather quantitative and qualitative inputs on their operations, performance, strategies and views on the overall market, including key developments and technology trends. Data from interviews is consolidated, checked for consistency and accuracy, and the final market numbers are again validated by experts. The global market was split by product, application, sector and geography based on different factors like primary and secondary sources, understanding of the number of companies operating in each segment and also KOL insights.
Scope & Regional Forecast of the Bioinformatics Market:
The Bioinformatics Market considers the prime growth drivers to be a few factors like: extensive usage of bioinformatics analysis in understanding genomic patterns contained within DNA; usage of bioinformatics technology to analyze and breakdown the structure of various proteins; bioinformatics companies being able to gradually integrate their services into the healthcare infrastructure; improvements being made to bioinformatics research as a result of innovations in data analytics as well as cloud computing.
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The sectors which are currently showing plenty of potential for future advances are drug creation, gene therapy, animal bioinformatics, etc. North America currently holds the highest share in the Bioinformatics Market and is also predicted to exhibit the fastest growing growth during the forecast period. This dominance will be largely due to growing investment in healthcare taking place in the region.
Prominent Segmentations Involved in the Bioinformatics Market:
The Bioinformatics Market can be broken down into various segmentations on the basis of -
- Product: Bioinformatics Platforms (Sequence Analysis, Sequence Alignment, Sequence Manipulation, Structural & Functional Analysis), Knowledge Management Tools (Generalized Knowledge Management Tools, Specialized Knowledge Management Tools) and Services (Data Analysis Services, Database Management Services).
- Application: Genomics, Proteomics, Transcriptomics, Metabolomics, Molecular Phylogenetics, Chemoinformatics & Drug Design and Others.
- Sector: Medical bioinformatics, Drug Development, Clinical Diagnostics, Molecular Medicine, Gene Therapy, Reproductive Biotechnology, Animal Bioinformatics, Agricultural Bioinformatics, Environmental Bioinformatics, Forensic Bioinformatics, Academics and Others.
- Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.
Some of the sample companies involved in the Bioinformatics Market are as follows:
- Affymetrix, Inc
- Agilent Technologies Inc.
- Applied Biological Materials (ABM)
- Biomax Informatics AG
- Dassault Systemes Biovia Corp
- Geneva Bioinformatics (Genebio) SA
- ID Business Solutions Ltd.
- Illumina, Inc.
- Integromics S.L.
- Thermo Fisher Scientific Inc.
- Waters Corporation
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Why buy this report?
- The overall market has been consolidated from the perspective of different geographic locations and key economies for bioinformatics market.
- Identifies growth sectors and factors driving or constraining the market.
- The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
- The study includes the demand of this particular market on a global and regional scale for a six year period of 2017 - 2022, to assess how the market will develop.
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