Press release
The Bioinformatics Services Market to grow on the back of on-demand healthcare, witnessing a CAGR of 14.7%
The global market for bioinformatics services is expected to grow significantly in the coming years, driven by factors such as the increasing adoption of genomics and proteomics technologies, the growing demand for personalized medicine, and the increasing availability of data and analytics technologies.
One of the key drivers of the bioinformatics services market is the increasing adoption of genomics and proteomics technologies. These technologies allow scientists to study the genetic and protein makeup of organisms at a molecular level, which has led to a wealth of new data on the genetic basis of disease and the mechanisms of drug action. The growing adoption of these technologies is expected to drive demand for bioinformatics services.
Another key driver of the bioinformatics services market is the growing demand for personalized medicine. Personalized medicine involves the use of genomic data to tailor treatment to the specific needs of individual patients. This requires the analysis and interpretation of large amounts of genomic data, which has led to an increase in demand for bioinformatics services.
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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
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Europe Witnessed the Fastest Growth and is Expected to Continue Throughout Forecast Period
The COVID-19 outbreak had an impact on the European bioinformatics industry since healthcare services were drastically diverted as a result of social distancing measures implemented by several governments around the world. Several research institutions, and biotech and pharmaceutical companies in the European region are focusing their efforts on developing technologies that will allow for a faster and more reliable diagnosis of COVID-19.
There is also a lot of research being conducted to make considerable use of sequencing technology. Apart from this, the bioinformatics market is likely to be driven by a huge number of healthcare investments in the European region. Furthermore, the growing use of IoT technologies in this sector is expected to favorably benefit regional market growth. The bioinformatics market in this region is likely to be primarily dominated by key countries such as the United Kingdom, France, and Italy.
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