Asia-Pacific Bioinformatics market is anticipated to grow at a CAGR of 17% during 2021-2026

The demand for bioinformatics is surging due to its escalating application in agriculture, medical, animal biotechnology, increasing advancement in the technology and increasing investment in research and development (R&D) process for drug discovery are the driving factors for the growth of the Asia-Pacific Bioinformatics market. Besides this, robust growth of proteomics and genomics, rising demand for personalized medicine and clinical diagnostics along surging spending on healthcare infrastructure are the factors fuelling the growth of the market in the forecast period.

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Key questions answered in the study
1. What are the current and future trends of the Bioinformatics industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Bioinformatics industry?
5. What is the customer orientation, purchase behavior, and expectations from the Bioinformatics firms across various regions?

According to MarkNtel Advisors’ research report “Asia-Pacific Bioinformatics Market Analysis, 2021”, the Asia-Pacific Bioinformatics market is anticipated to grow at a CAGR of 17% during 2021-2026. Based on Type of Sector, Agriculture Biotechnology acquired the majority market share in 2020. Bioinformatics plays a vital role in the agro-based industries and agricultural sector. Bioinformatics is making significant progress in biology due to the rise of sequencing projects and plant genomics. The burgeoning government inclination toward sustainable agricultural production and surging concern regarding food security due to booming population increase, climate change, and environmental degradation. Thus, this is increasing of application of bioinformatics in agriculture as it helps to produce stronger, drought and insect-resistant crops along with it also enhances and improve the quality of livestock by making them healthier.

“Asia-Pacific Bioinformatics Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Bioinformatics providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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China Accounted for the Considerable Market Share

China accounted for the considerable market share in the Asia-Pacific Bioinformatics market in 2020. The growth is attributed to a significant rise in the investment in a large number of healthcare, burgeoning adoption of AI, IoT technologies in bioinformatics, and escalating demand for bioinformatics for the development of novel therapeutic drugs. Moreover, surging spending in the molecular biology field, rising incidences of chronic diseases, and soaring funding by the government for research in the field of drug discovery are projected to bolster the growth of the Bioinformatics market in the forecast period as revealed by the MarkNtel Advisors’ research report “Asia-Pacific Bioinformatics Market Analysis, 2021”.

According to MarkNtel Advisors’, the key players with a considerable market share in the Asia-Pacific Bioinformatics market Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Affymetrix, Applied Biological Materials Inc., Illumina, Inc., QIAGEN, Biomax Biotechnics, DNANEXUS, Water corporation, Genebio, Integromics, Inc., PerkinElmer Inc., Partek, BGI, Dassault systems, etc.

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Market Segmentation:
1. By Type of Sector (Animal Biotechnology, Environmental Biotechnology (Alternative Energy Sources, Waste Clean-up/ Bioremediation), Agriculture Biotechnology (Crop Yield Improvement, Pest Resistance, Improvement of Plant Resistance, Biodiversity Informatics, Nutritional Quality Improvement), Forensic Biotechnology, Medical Biotechnology (Drug Development, Clinical Diagnostics, Molecular Medicine, Gene Therapy, Reproductive Biotechnology), Academics, Others)
2. By Application (Proteomics, Transcriptomics, Molecular Phylogenetics, Chemoinformatics
3. Drug Design & Genomics)
4. By Products & Services (Bioinformatics Platforms (Sequence Analysis, Sequence Alignment, Sequence Manipulation, Structural and Functional Analysis), Knowledge Management Tools (Generalized Knowledge Management Tools, Specialized Knowledge Management Tools), Bioinformatics Services (Data Analysis Services, Database Management Services)
5. By Country (China, Japan, South Korea, Australia, India, South East Asia),
6. By Company (Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Affymetrix, Applied Biological Materials Inc., Illumina, Inc., QIAGEN, Biomax Biotechnics, DNANEXUS, Water corporation, Genebio, Integromics, Inc., PerkinElmer Inc., Partek, BGI, Dassault systems etc.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.