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New report shares details about APAC's bioinformatics market growing at highest CAGR 11.1% during 2017-2024

Data Bridge Market Research added new report of "APAC bioinformatics market has accounted for USD 1.78 billion in 2016 and is expected to reach USD 4.13 billion by 2024, growing at a CAGR of 11.1% in the forecast period 2016 to 2024."

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APAC bioinformatics market has accounted for USD 1.78 billion in 2016 and is expected to reach USD 4.13 billion by 2024, growing at a CAGR of 11.1% in the forecast period 2016 to 2024.The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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APAC Bioinformatics Market – Market Segmentation:

The APAC bioinformatics market is segmented based on industry, product type, application and services.

Based on applications the APAC bioinformatics market is segmented into preventive medicine, molecular medicine, genomics, drug development, transcriptomics and, other biotechnological applications.

The growth of this product is owing to the increasing usage of gene sequencing in diagnosis of cancerous mutation.

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Scientists searching for the genetic mutation that affects plant or animal characteristics requires sorting of massive amounts of data, previously scientists used to look at one gene at a time but now thousands of genes can be analyzed at once using sequencing platforms.

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Asia Pacific (APAC) Bioinformatics Market is segmented into 7 countries:

  • China
    • India
    • Japan
    • South Korea
    • Singapore
    • Australia
    • rest of APAC

Based on geography the market is segmented into 7 countries, China, India, Japan, South Korea, Singapore, Australia and rest of APAC. Japan is expected to dominate the market, while China and Singapore are expected to be the growing with highest CAGR in the forecast period.

Some of the major players operating in this market are

  1. Illumina, Inc.
    2. NAnexus, Inc.
    3. Qiagen
    4. Thermo Fisher Scientific, Inc.
    5. Agilent Technologies
    6. Dassault Systèmes
    7. Geneva Bioinformatics (Genebio) SA
    8. Integromics S.L.
    9. Perkinelmer, Inc.
    10. Applied Biological Materials

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