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Bioinformatics Market - Monitoring the Latest Industry Trends and Developments to Create an In-Depth Portfolio Of Bioinformatics
According to Verified Market Intelligence, The global Bioinformatics Market was valued at USD 6.19 billion in 2016 and is projected to reach USD 34.65 billion by 2025, growing at a CAGR of 21.09% from 2017 to 2025.Bioinformatics is a field of science that comprises computer systems, databases and software tools to perform the study on biological data. Genomics and proteomics are the two large-scale activities that have the application of bioinformatics tools. Bioinformatics is useful in analyzing genomes, three-dimensional modeling of various biomolecules & biological structures and protein sequences. The main goal of bioinformatics tool is to develop an efficient algorithm for determining sequence similarity. Expanding application of bioinformatics in the field of disease diagnosis and forensic research have contributed majorly in the growth of bioinformatics market.
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Increasing demand for nucleic acid and protein sequencing, a rise in initiatives from government & private organizations, and expanding applications of bioinformatics have been driving the global bioinformatics market. While lack of user friendly tools and lacking well-defined standards might hinder the overall growth at a global level.
The “Global Bioinformatics Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Illumina Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Agilent Technologies, Applied Biological Materials (ABM), Biomax Informatics Ag, and DNAnexus, Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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