The bioinformatics market is projected to reach USD 20.5 Billion by 2022, growing at a CAGR of 22.1% during the forecast period.
Growing demand for nucleic acid and protein sequencing, increasing initiatives from government and private organizations, growing application of bioinformatics, and improved collaborative ties between companies and research institutes are the major factors driving the growth of the bioinformatics market. On the other hand, lack of well-defined standards and common data formats for integration of data, shortage of skilled bioinformatics professionals, and lack of adequate user-friendly tools are the major factors restraining the growth of this market.
This report studies theglobal Bioinformatics market, analyzes and research the Bioinformatics development status and forecast in USA, EU, Japan, China, India and Southeast Asia.
This report focuses on the top players in global market, like
ID Business Solutions
Thermo Fisher Scientific
Applied Biological Materials (ABM)
Market segment by Regions/Countries, this report covers
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