(EMAILWIRE.COM, August 18, 2018 ) Market Overview:

Bioinformatics market is valued around USD 9.36 billion in 2018 and predicted to be developing at a CAGR of 19.1%, to attain USD 22.43 billion by 2023. Bioinformatics involves the development and storage technique that helps in organizing, analyzing, and retrieving biological information. The development in bioinformatics would assist with numerous applications consisting of drug discovery and improvement, gene therapy, molecular medicine, preventive medicines, personalized drug treatments, and so on. Bioinformatics covers the ensemble of organic studies which are executed by the use of laptop programming as the method.

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Rising focus in genomics & proteomics is to boost the market growth

Factors affecting market growth:

Mounting need for protein and nucleic acid sequencing (+)
Developing applications of bioinformatics in drug discovery (+)
Rising focus in genomics & proteomics (+)
Growing need for integrated bioinformatics systems (+)
Favorable government initiatives (+)
Lack of interoperability among various data formats (-)
Lack of professional and trained expert (-)
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Genomics accounts for the largest market percentage in the market

Market Segmentation

The Global Bioinformatics market is segmented on the basis of

Sector

Animal Biotechnology
Environmental Biotechnology
Alternative Energy Sources
Waste Clean-Up/Bioremediation
Climate Change Studies
Agricultural Biotechnology
Crop Yield Improvement
Pest Resistance
Improvement of Plant Resistance
Biodiversity Informatics
Nutritional Quality Improvement
Forensic Biotechnology
Medical Biotechnology
Drug Development
Clinical Diagnostics
Molecular Medicine
Personalized Medicine
Preventive Medicine
Gene Therapy
Reproductive Biotechnology
Academics
Other sectors
Products and Services

Bioinformatics Platforms
Sequence Analysis Platforms
Sequence Alignment Platforms
Sequence Manipulation Platforms
Structural and Functional Analysis Platforms
Other Bioinformatics Platforms
Knowledge Management Tools
Generalized Knowledge Management Tools
Specialized Knowledge Management Tools
Bioinformatics Services
Data Analysis
Sequencing Services
Other Bioinformatics Services
Database and Management Services


Application

Proteomics
Transcriptomics
Molecular Phylogenetics
Chemo informatics
Drug Design and Genomics


Genomics accounts for the largest market percentage within the applications section.

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Key players:

The major share holders of 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.

Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
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Phone: +1-888-702-9626

Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us


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