Bioinformatics Market 2018: Detailed Analysis of Regulatory Trends, Drivers, Industry Pitfalls, Challenges and Growth Opportunities to 2023
Latest niche market research study on “Global Bioinformatics Market 2018 Industry Trend and Forecast 2023” published at Orbisresearch.com
Dallas, United States – May 11, 2018 /MarketersMedia/ —
Bioinformatics is the application of computational technology to gather, store, analyze, and integrate biological data. This data is used to procure information that can be applied to gene-based drug discovery and development, protein structure studies, and in order to determine the therapeutic efficacy of drugs.
The global Bioinformatics Market is expected to register a CAGR of 19.8% during 2018-2023.
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Growth in Proteomics and Genomics :
With the completion of the Human Genome Project (in 2001) and the Human Proteome Project, a vast amount of data has generated, which has given a new dimension to the profiling of proteomic and genomic analyses. The data generated, out of these projects, has driven the growth of the global Bioinformatics Market, due to the growing demand for tools and platforms for data management, data retrieval, sequence alignment, structure prediction, and other bioinformatics applications.
Other factors driving the market include increasing government spending and rise in R&D initiatives.
Rising Data Complexity Concerns :
A large amount of genomic and proteomic data, generated through various sequencing and structure prediction methods, are highly complex. The complexity of the generated data ranges from missing values to excess unwanted information. Data dissemination has been a major challenge for the growth of the Bioinformatics Market.
Reimbursement hurdles for the manufacturer and high-capital investment are also restraining the market growth.
*North America to Dominate the Market
The Bioinformatics Market has been segmented on the basis of technology, application, end user, and geography. By geography, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Owing to the factors, like the growing demand for bioinformatics across genomics and proteomics research, technological advancements, increasing research funding, and the presence of a large number of market players and research institutes in the region, North America dominates the global Bioinformatics Market.
**Key Developments in the Bioinformatics Market :
January 2018: Thermo Fisher Scientific introduced Ion GeneStudio S5 Series, a line of highly versatile next generation sequencers.
November 2017: Biomillenia collaborated with QIAGEN for the use of QIAGEN’s Microbial Genomics Pro Suite, in order to generate next-generation sequence data on microbes identified using Biomillenia’s proprietary microbiome-on-a-chip technology.
August 2016: Agilent Technologies and Eurofins Genomics collaborated to expand SureVector cloning system
January 2016: PerkinElmer, Inc., has signed a strategic collaboration with Attivio in the launch of a new solution in the PerkinElmer Signals data discovery platform.
Companies Mentioned:
AGILENT TECHNOLOGIES, AFFYMETRIX, ILLUMINA, QIAGEN, PERKINELMER, ACCELRYS INC., GENEVA BIOINFORMATICS SA, amongst others.
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***Reasons to Purchase Bioinformatics Market Report :
Market analysis for the Global Bioinformatics Market, with region-specific assessments and competition analysis on the global and regional scale
Analyzing various market perspectives, with the help of Porter’s five forces analysis
The treatment type that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies that are employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)
Customization of the Bioinformatics Market Report :
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
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