Press release
Global Bioinformatics Market To See Tremendous Growth | Leading Players Are Agilent Technologies, Inc. (US), QIAGEN (Netherlands), BGI (China), Wuxi NextCODE (China)
Bioinformatics Market is expected to reach USD 26.33 billion by 2026 from USD 7.76 billion in 2018, at a CAGR of 16.5% in the forecast period 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.This bioinformatics market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of healthcare industry. The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market. This bioinformatics report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in the healthcare industry. The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the report.
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Few of the major competitors currently working in the bioinformatics market are Thermo Fisher Scientific (US), Illumina Inc. (US), Agilent Technologies, Inc. (US), QIAGEN (Netherlands), BGI (China), Wuxi NextCODE (China), Eurofins Scientific (Luxembourg), Waters Corporation (US), Sophia Genetics (Switzerland), Partek (US), DNASTAR (US), Dassault Systèmes (France), DNAnexus, Inc. (US), Genebio (Switzerland), ASEBIO (Spain), PerkinElmer Inc. (US), abm Inc.(Canada) a few among others.
Key Developments in the Market:
In April 2019, The HANS-GINS Indxx Healthcare Innovation Ucits ETF will focus on developments in sectors including bioinformatics, bioengineering, genome sequencing, healthcare trackers, nanotechnology, neuroscience, robotics and medical devices.
In March 2017, Agilent Technologies Inc. introduced its first comparative genomic hybridization (CGH) assay which will be used for diagnostic purposes: the GenetiSureDx Postnatal Assay. This will help the clinical geneticists to detect genetic anomalies early with more accuracy as compared to than traditional methods.
Market Drivers
Increasing government initiatives and funding will drive the growth of the market.
Growing use of bioinformatics in drug discovery and bio-markers development processes.
Market Restraints
Shortage of trained research personnel required for proper use of bioinformatics toolsis expected to act as a restraint to the market growth.
Non-availability of platforms to integrate large data sets produced by bioinformatics is expected to offset the growth of this market.
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Segmentation: Global Bioinformatics Market
By Product Type
Sequencing platforms
Sequence Analysis Platforms
Sequence Alignment Platforms
Sequence Manipulation Platforms
Structural Analysis Platforms
Others
Knowledge management tools
Generalized Knowledge Management Tools
Specialized Knowledge Management Tool
Bioinformatics software.
By Industry
Molecular medicine
Drug development
Clinical diagnostics
Agriculture
Forensic
Animal
Academics and research
Environmental and gene therapy
By Sector
Medical biotechnology
Drug discovery & development
Clinical diagnostics & precision medicine
Reproductive health
Academics
Animal biotechnology
Agricultural biotechnology
Environmental biotechnology
Forensic biotechnology.
By Applications
Preventive medicine
Molecular medicine
Genomics & Drug development
Chemoinformatics and drug design
Proteomics
Transcriptomics
Metabolomics
Transcriptomics
Other biotechnological applications
By Services
Data integration
Data analysis
Structural
Functional
Sequencing
By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
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