The Bioinformatics Services Market to grow based on the rapid adoption of 3D printing

The Bioinformatics Services Market is expected to grow by leaps and bounds in the forecast period. Nanotechnology’s medical application is on the anvil. As such, nanomedicine is an outcome of the technology operating at the molecular, atomic, or supramolecular scale. The broad application areas of nanomedicine include sensing, imaging, diagnosis, and delivery via medical devices. This would certainly keep the healthcare vertical upgraded continuously.

In 2018, the global market for bioinformatics services registered the revenues worth US$ 1.9 Bn. Spectacular growth in the deployment of bioinformatics services is likely to offer a strong impetus to the global market value in 2019, at an estimated 13% Y-o-Y growth rate. A new Persistence Market Research (PMR) study has projected robust growth prospects for the bioinformatics services industry over the course of next few years.

Factors such as the increasing prevalence of diabetes & other chronic diseases, increasing geriatric population, and increasing collaborations & partnerships between various IT companies and pharmaceutical companies are expected to boost the revenue generation of the bioinformatics services market during the forecast period. The adoption of IT solutions in various academic sectors is also expected to increase the growth of the bioinformatics services market.

Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/29629

Apart from factors driving the growth of the bioinformatics services market, there are some of the factors that are likely to restrain the growth of the bioinformatics services market. For instance, the high cost of bioinformatics tools is one of the major factors that is expected to hinder the growth of the bioinformatics services market. Certain other factors, such as a regulatory landscape that is not well-defined, a shortage of skilled personal, etc., are expected to hinder the growth of bioinformatics services market.

Company Profiles:

Illumina, Inc.
Thermo Fisher Scientific
Strand Life Sciences, Inc.
CD Genomics
Biomax Informatics AG
DNANEXUS, INC.
Agilent Technologies, Inc.
QIAGEN N.V.
Gene Codes Corporation
BGI Group
Gene Code Corporation
PerkinElmer Inc.
Premier Biosoft
Biomatters Geneious
Creative-Biolabs
DNASTAR
GSL Biotech LLC (SnapGene)
FIOS Genomics

Request for Methodology@ https://www.persistencemarketresearch.com/methodology/29629

Bioinformatics Services Market

Increasing per capita healthcare expenditure is an important macro-economic factor that is likely to affect the growth of the bioinformatics services market. Changes in the structure of the economy and the availability of technologically advanced bioinformatics tools is also contributing to the growth of the bioinformatics services market.

Various ongoing trends in the bioinformatics services market, such as increasing initiatives by governments & private organizations and increasing consolidations among the key players, is expected to boost the overall growth of the bioinformatics services market. Technological advancements are also among the important ongoing trends in the bioinformatics services market, which can lead to the introduction of various technologically advanced bioinformatics tools, and hence, boost the growth of the bioinformatics services market.

An increase in product consolidation activities, which include sales & service agreements, collaborations, rising research & development activities, new product launches, joint ventures, partnerships, patent transfers, and mergers & acquisitions among global and regional players, are characteristic of the overall competition in the global bioinformatics services market.

Several key manufacturers are focusing on mergers & collaborations, the settlement of new services centers, and increasing their footprints in emerging markets. For example, Illumina Inc. emphasizes on the setting up of new service centers and sales units. Strand Life Sciences is focusing on increasing its footprint in emerging markets.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/29629

North America and Europe Continue to Lead the Way in Global Market

Based on the service type, the global bioinformatics services market has been segmented into data storage and management, sequencing, data analysis, drug discovery and other types of services. Based on the application, the bioinformatics services market has been segmented into molecular development, drug development microbial genome application, veterinary science, gene therapy, forensic analysis and other applications associated with bioinformatics services market.

Based on the end user, the bioinformatics services market has been segmented into academic and research center, pharmaceutical and biotechnology industries, forensic laboratories and other end users. Geographically, North America, followed by Europe, is expected to hold a significant revenue share in the global bioinformatics services market.

Companies operating in the global bioinformatics services market are focusing or merging with other IT companies to expand their bioinformatics services businesses. Key players of the bioinformatics services market are also focusing on increasing their footprints in various emerging regions.

Access Related Reports-

Home Care Services Market: https://www.persistencemarketresearch.com/market-research/home-care-services-market.asp

Sleep Service Providers Market: https://www.persistencemarketresearch.com/market-research/sleep-service-providers-market.asp

Contact Us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com

About Us:

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.