iCrowdNewswire Feb 6, 2021 7:00 AM ET
The Global Bioinformatics Market is forecast to reach USD 18.96 Billion by 2027, according to a new report by Reports and Data. Bioinformatics is a field that develops software tools and methods for the understanding of biological data. It combines the study of various fields such as mathematics, statistics, computer science, information engineering, biology, and statistics for the comprehension of data. Recently, a high level of investment in research and development and extensive studies into this field has broadened its scope considerably.
Increase in collaborations between research institutes and companies and rise in popularity of personalized medicines will provide new opportunities for the growth of the market. Lack of skilled professionals, high cost of research and development and lack of awareness is hindering the growth of the market.
Increasing R&D in drugs activity and molecular biology, growing initiatives by the private and public organizations, increase in applications of bioinformatics, increase in requirement for integrated bioinformatics structure and increase in clinical diagnostic and personalized medicines are driving the demand for the market.
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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Bioinformatics market and profiled in the report are:
Illumina Inc., Life Technologies (Thermo Fisher Scientific), Qiagen NV, Agilent Technologies, PerkinElmer, ABM, Accelrys Inc., Geneva Bioinformatics SA, Ontoforce, and Data4Cure among others
The research study further covers the expansion and scope of the market in the key geographies across the globe. It assesses the scope of the market on a global as well as country-wise level. The market is spread across the key regions that include: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report provides a comprehensive analysis of the production and consumption patterns, import and export ratio, supply and demand dynamics, key trends and demands, consumer behavior, and presence and operations of prominent players in each region of the market.
The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2021-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.
The report further segments the market on the basis of product types and application spectrum offered by the market.
Technology and Services Outlook (Revenue, USD Billion; 2016-2027)
- Knowledge Management Tools
- Bioinformatics Platform
- Surgical Stimulators
- Sequence Analysis Platform
- Sequence Alignment Platform
- Sequence Manipulation Platform
- Structural and Functional Analysis Platform
- Other Bioinformatics Platform
- Bioinformatics Services
- Sequencing Services
- Database and Management Services
- Data Analysis
- Other Bioinformatics Services
Application Outlook (Revenue, USD Billion; 2016-2027)
- Microbial Genome
- Gene Engineering
- Drug Design and Chemoinformatics
- Other Applications
End User Outlook (Revenue, USD Billion; 2016-2027)
- Forensic Science
- Other End Users
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Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Bioinformatics Market Segmentation & Impact Analysis
4.1. Bioinformatics Market Material Segmentation Analysis
4.2. Industrial Outlook
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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the Bioinformatics market and its competitive landscape.
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