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Bioinformatics Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

02-20-2024 01:49 PM CET | IT, New Media & Software

Press release from: Evolve Business Intelligence

Bioinformatics Market Growth Factors, Segmentation, Trends,

As per the study initiated by Evolve Business Intelligence, the global Bioinformatics Market size accounted for USD 10.4 billion in 2022, growing at a CAGR of 14.55% from 2023 to 2033. The global bioinformatics market, valued at USD 11.12 billion in 2023, is expected to reach USD 24.98 billion by 2030, with a projected CAGR of 13.2%. Bioinformatics involves the use of computational tools to manage and process large sets of biological data, with applications in genomics, personalized medicine, and biological data analysis. The market is driven by advancements in AI, data integration, and increasing applications in healthcare, agriculture, and the environment. The industry is highly competitive, with key players such as Illumina, Thermo Fisher Scientific, and Agilent Technologies dominating the market. The market is segmented by products and services, applications, and geography, with North America expected to experience exponential growth.

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Key Highlights:
• The global Bioinformatics Market size was valued at USD 10.4 billion in 2022 growing at a CAGR of 14.55% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Bioinformatics Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

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Key Players
Some of the major Bioinformatics Market players holding high market shares include Agilent Technologies, Illumina Inc., QIAGEN N. V. and Thermo Fisher Scientific Inc.. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Agilent Technologies
• Illumina Inc.
• QIAGEN N. V.
• Thermo Fisher Scientific Inc.
• Dassault Systèmes
• QIAGEN

Segmental Analysis
Market Segment By Technology and Service
• Data Warehousing
• Sequence Analysis
• Sequence Manipulation
Market Segment By Application
• Genomics
• Chemoinformatics
• Drug Design
• Transcriptomics
• Molecular Phylogenetics
• Proteomics
• Metabolomics

For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022217

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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