Research details developments by industry, product type, application, services, geography till 2024 . Global Bioinformatics Market By Industry (Molecular Medicine, Drug Development, Clinical Diagnostics, Agriculture, Forensic, Animal, Academics & Research, Environmental, Gene Therapy), By Product Type (Sequencing Platforms, Knowledge Management Tools, Bioinformatics Software), By Application (Preventive Medicine, Molecular Medicine, Genomics, Drug Development, Transcriptomics, Others), By Services (Data Analysis, Sequencing, Database integration, Others), By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) – Trend and Forecast to 2024
Global bioinformatics market is expected to reach USD 22.78 billion by 2024 from USD 6.54 billion in 2016, at a CAGR of 16.8% in the forecast period 2017 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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The major factors driving the growth of this Global Bioinformatics Market are increasing government initiatives and funding, and growing use of bioinformatics in drug discovery and bio-markers development processes. However, shortage of trained research personnel required for proper use of bioinformatics tools, and non-availability of platforms to integrate large datasets produced by bioinformatics is expected to offset the growth of this market.
The global bioinformatics market is segmented on the basis of indutry, product type, application, services, and geography.
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On the basis of industry, the bioinformatics market is segmented into molecular medicine, drug development, clinical diagnostics, agriculture, forensic, animal, academics and research, environmental and gene therapy.
On the basis of product type, the bioinformatics market is segmented into sequencing platforms, knowledge management tools and bioinformatics software.
The market is also segmented on the basis of application into preventive medicine, molecular medicine, genomics, drug development, transcriptomics and, other biotechnological applications.
The market is also segmented on the basis of services into data analysis, sequencing, data integration among others.
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Rest of the World
The geographical regions are further segmented into major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.
The Global Bioinformatics Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Some of the major players operating in this market are
- Illumina, Inc.
- DNAnexus, Inc.
- Thermo Fisher Scientific, Inc.
- Agilent Technologies
- Geneva Bioinformatics (Genebio) SA
- Integromics S.L.
- Perkinelmer, Inc.
- Applied Biological Materials (ABM)
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