Software Market for Predictive Modeling and Expression Analysis to Rise due to Declining Price of Gene Sequencing

A new market research report by Transparency Market Research, titled “Bioinformatics Software for Predictive Modeling and Expression Analysis Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, provides an in-depth evaluation on the market and also presents a cross-sectional view of the key segments of the market. The report analyzes and includes market estimates on the basis of revenue throughout the forecast horizon from 2013 to 2019.

In addition to providing estimates on the market’s size, the study also presents a review of the prime market dynamics along with their impact on the growth of the market. The market dynamics evaluated under this study are the growth challenges, market drivers, restraints, and opportunities prevalent in the market. The report also includes an analysis on the market attractiveness, competitive scenario, and a thorough qualitative evaluation of the supply chain. The growth trends prevalent in the bioinformatics software market for predictive modeling and expression analysis have also been highlighted under this study.

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According to this report, bioinformatics tools decrease the technical burden, thus providing a user-friendly platform for performing predictive modeling in different phenotypes. The declining price of gene sequencing and the rising outsourcing of bioinformatics services are amongst the prime factors fuelling the market. In addition, the increasing preference for predictive modeling approaches by numerous pharmaceutical companies is also having a positive impact on the growth of the market. Furthermore, the increasing demand for gene expression and the numerous technological developments within this field have also augmented the bioinformatics software market for predictive modeling and expression analysis.

On the basis of geography, the market is segmented into Asia Pacific, North America, Europe, and Rest of the World (RoW). Amongst these, North America led the bioinformatics software for predictive modeling and expression analysis market and was trailed by Europe. As per the report, the reasons behind the superiority of these two regions is the well-established technological and medical infrastructure and the increasing demand for cutting-edge software tools and technologies. On the other hand, Asia Pacific emerged as the most promising bioinformatics software market for predictive modeling and expression analysis owing to the fact that countries such as Japan, India, China, South Korea, and Australia have exhibited a great demand for cutting-edge bioinformatics software tools used within gene expression and drug discovery.

As stated in the report, the prominent players dominant in the market are Agilent Technologies Inc., Accelrys, Inc., Affymetrix, Inc., Cartagenia N.V., Biobase GmbH, CLC bio A/S, GenoLogics Life Sciences Software Inc., DNASTAR, Inc., PerkinElmer, Inc., Genomatix Software GmbH, Illumina, Inc., Genedata AG, SmartGene Services SARL, and Molecular Networks GmbH, among others.

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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This release was published on openPR.