Press release
Bioinformatics Services Market is Booming with Strong Growth Prospects: Illumina,Thermo Fisher Scientific
The Bioinformatics Services market is growing and developing at a CAGR of + 15.91% sometime during 2023-2029.
Some of the Major Key players profiled in the study are Players and Others.
The global Bioinformatics Services Market offers an insightful study of the prevailing demand and supply trends, important fiscal statistics of major players sustaining in the market, and the influence of latest economic advancements on the market. Developments in each geographical region are charted using authentic historical data with a view to help gauge the future trajectory of the market across the globe. SWOT analysis is conducted to identify the strengths, weaknesses, opportunities, and threats that these companies forecast to witness during the forecast period. Illumina,Thermo Fisher Scientific,Eurofins Scientific,BGI,NeoGenomics,PerkinElmer,CD Genomics,Macrogen,QIAGEN,GENEWIZ,Source BioScience,Microsynth,MedGenome,Fios Genomics,BaseClear, and others
New Bioinformatics Solution Powers Multi-Omics Discovery at Massive Scale
Jan 11, 2021 - SAN DIEGO- Illumina, Inc. is transforming genomic data bottlenecks into catalysts with the launch of Illumina Connected Analytics (ICA). This new and integrated bioinformatics solution provides a comprehensive, private, cloud-based data platform that empowers customers to manage, analyze, and explore large volumes of multi-omic data in a secure, scalable, and flexible environment.
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Global Bioinformatics Services Market Segmentation:
Market Segmentation: By Type
Sequencing Services
Data Analysis
Drug Discovery Services
Differential
Others
Market Segmentation: By Application
Genomics
Chemoinformatics and Drug Design
Proteomics
Transcriptomics
Metabolomics
Others
Driver: Growing applications of bioinformatics in various industries
Several industries, such as the food, bioremediation, agriculture, forensics, and consumer industries, are also using bioinformatics services to improve the quality of their products and supply chain processes. Bioinformatics services such as data integration, manipulation, lead discovery, data management, in silico analysis, and advanced knowledge discovery are increasingly being adopted by companies across various industries. This growth in the application areas of bioinformatics services is expected to create new revenue pockets for players operating in this market, which in turn will further support the adoption of these services and lead to overall market growth.
Restraint: In-house development of bioinformatics solutions and publicly available bioinformatics tools
With the increasing need for constant input from bioinformatics experts, most biomedical laboratories, biotechnology companies, and pharmaceutical companies are developing in-house bioinformatics expertise. The in-house development of bioinformatics solutions helps companies customize the applications of the developed tools for their specific requirements for research projects. Apart from drug discovery companies, many research institutions are developing freely available bioinformatics tools and advanced bioinformatics concepts. This development of open-source bioinformatics tools and freely accessible information/software is supporting the growth of the overall bioinformatics market but is limiting the growth of the bioinformatics services market.
Table of Contents:
Chapter 1 Report Overview
Chapter 2 Market Snapshot
2.1 Major Companies Overview
2.2 Bioinformatics Services Market Concentrations
2.3 Six-Year Compound Annual Growth Rate (CAGR)
Chapter 3 Value Chain of Bioinformatics Services Market
3.1 Upstream
3.2 Downstream
3.3 Porter's & Five Forces Analysis and SWOT Analysis
Chapter 4 Players Profiles
4.1 Company Profiles
4.2 Product Introduction
4.3 Production, Revenue (2017-2022)
4.4 SWOT Analysis
Chapter 5 Global Bioinformatics Services Market Analysis by Regions
5.1 Market Status and Prospect (2017-2029)
5.2 Market Size and Growth Rate (2017-2029)
5.3 Market Local Capacity, Import, Export, Local Consumption Analysis (2017-2029)
Chapter 6 North America Market Analysis by Countries
Chapter 7 China Market Analysis by Countries
Chapter 8 Europe Market Analysis by Countries
Chapter 9 Asia-Pacific Market Analysis by Countries
Chapter 10 India Market Analysis by Countries
Chapter 11 Middle East and Africa Market Analysis by Countries
Chapter 12 South America Market Analysis by Countries
Chapter 13 Global Market Segment by Types
Chapter 14 Global Market Segment by Applications
Chapter 15 Market Forecast by Regions (2023-2029)
Chapter 16 Appendix
Regional Insights:
North America dominated the market in 2022, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to surge in adoption of advanced technology and increase in demand for better bioinformatics tools, which are required in drug discovery and development process. The market in LAMEA is expected to grow at the highest CAGR during the forecast period, owing to advancements in the field of genomics and proteomics, generating massive volume of data, which is to be interpreted and managed. In addition, the bioinformatics sector is still in its infancy stage in the region where research activities are developing gradually. Thus, all these factors together contribute toward growth of the market.
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Key insights this study will provide:
- 360 Degree Bioinformatics Services Market Overview Based on Global and Regional Levels
- Market Share and Sales Revenue by Main Players and Emerging Regions
- Competitors - In this section, some industry top players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
- Separate Chapter on Bioinformatics Services Market Entropy to Gain Visions into Market Aggression of Leaders [Acquisitions/Recent Investments and Major Developments]
- Patent Analysis Number of patents/trademarks filed in current years.
Highlighting points of Global Bioinformatics Services Market Report:
The global market report provides an exhaustive qualitative and quantitative analysis to provide insight into the industry.
This Bioinformatics Services market insight includes data from significant participants such as marketers, industry experts, and investors.
The market report's objective is to provide an exhaustive perspective from all stakeholders for young marketers and entrepreneurs.
Trends and drivers are discussed in the Bioinformatics Services Market Report
The global market report delivers an overview of the global competitive environment.
It provides details about the market, its share, and revenue.
Report Includes Following Questions:
-What is the anticipated growth rate of the global market in the forecast period?
-Which regional segment is estimated to account for a massive share of the global Bioinformatics Services Market?
-What are the primary driving factors of the global Market?
-Which current trends are likely to offer promising growth prospects in the next few years?
-How is the competitive landscape of the global Bioinformatics Services Market at present?
-How has the covid-19 impacted the growth of the?
-Which latest trends are anticipated to offer potential growth prospected in the coming years?
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- Free Country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.
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Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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