(EMAILWIRE.COM, April 12, 2018 ) The Middle East and Africa Bioinformatics Market was worth USD 400 million in 2016 and estimated to be growing at a CAGR of 15.7%, to reach USD 1750 million by 2021. Bioinformatics is a field of study in which biological data is obtained by developing and using new software tools and methods. It is an interdisciplinary field consisting of engineering, mathematics, computer science and statistics in order to understand the biological information acquired. Bioinformatics comprises of all the biological studies done by the use of computer programming. This field is mostly used for obtaining information on candidate genes and single nucleotide polymorphisms.

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Bioinformatics is used in many areas of biology. It assists in obtaining useful information from text and in gene ontology to organise and name data. In the field of genomics and genetics, it assists in sequencing genomes and noting their mutations. It helps in analysing gene and protein expression and regulation. It is useful in analysing evolutionary aspects of molecular biology by comparing genetic and genomic data. In the field of experimental molecular biology it is used in the form of techniques such as image and signal processing.

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The driving factors of Middle East and Africa Bioinformatics market are growing need for sequencing protein and nucleic acids, rising initiatives from the government, rising help of this field in producing new medicines and clinical diagnostics, growing number of partnerships between research organisations and companies and rising need for integrated bioinformatics systems in proteomics and genomics among others. Few of the restraints which are faced by this market include high costs, lack of skilled workers, lack of user friendly tools and lack of interoperability among various data formats.

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The Middle East and Africa Bioinformatics market is segmented on the basis of sector into animal biotechnology, environmental biotechnology, agricultural biotechnology, forensic biotechnology, medical biotechnology, academics and others. Medical biotechnology accounted for the largest share in this segment owing to the growing need for developing new drugs at cheap prices. Based on products & services, the market is segmented into bioinformatics platforms, knowledge management tools and bioinformatics services. Knowledge management tools has the largest share in this segment and bioinformatics platforms is the fastest growing sub-segment. In the applications segment, the market is further divided into proteomics, transcriptomics, molecular phylogenetics, chemoinformatics and drug design and genomics. Genomics accounts for the largest market share in the applications segment.
The market for Bioinformatics market is geographically divided broadly into Middle East and Africa. The market in this region is still in its nascent stages. Factors such as increased need for protein and nucleic acid sequencing, increasing funding for research and technological advancements is expected to propel the growth of this market in the region.

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Some of the major players in the market include Agilent Technologies, Affymetrix Inc., Applied Biological Materials (ABM), 3rd Millenium Inc., Illumina Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Biomax Informatics Ag, DNAnexus, Inc. and Waters Corporation among others.

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