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North America's bioinformatics market growing at a CAGR of 13.3% from 2017 to 2024, expected to reach USD 7.69 billion by 2024 available in new report

Medical Market Research

The North America Bioinformatics Market has accounted for USD 2.8 billion in 2016 and is expected to reach USD 7.69 billion by 2024, growing at a CAGR of 13.3% in the forecast period 2016 to 2024.

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North America Biometrics MarketBy 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 Country (U.S., Canada, Mexico) – Trend and Forecast to 2024

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The North America Bioinformatics Market is segmented based on industry, product type, application and services.

Sequencing platforms are broadly used, and is expected to grow at the highest CAGR among its peer segments. The growth of this product is owing to the increasing usage of gene sequencing in diagnosis of cancerous mutation.

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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Based on geography, the market is segmented into five geographical regions:

  • US
  • Canada
  • Mexico

Based on Applications the North America bioinformatics market is segmented into preventive medicine, molecular medicine, genomics, drug development, transcriptomics and, other biotechnological applications. Genomics and drug development in proteomics is expected to drive the bioinformatics market in the forecasted period.

The North America Biometrics Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Some of the major players operating in this market are

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

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