Bioinformatics Market 2022-2027
The Bioinformatics Market is bound to grow on a gracious note in the next 10 years. The healthcare vertical is shifting to “value” from “production”. This shift concerning collaboration (in place of competition) is expected to set new benchmarks in the Bioinformatics Market. This fast-moving environment is expected to take the healthcare vertical by storm in the next decade.
The global bioinformatics market is exhibiting a 20.40% CAGR from 2020 to 2027, according to a new market study recently released by Persistence Market Research. The market was calculated to be worth US$4.1 bn in 2022 and is estimated to reach US$12.5 bn by 2027, says PMR’s report, titled ‘Global Market Study on Bioinformatics – Asia to Witness Fastest Growth by 2022’.
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The bioinformatics market is driven primarily by the demand for better medical data storage, retrieval, and management systems. Bioinformatics represents a combination of biology and information technology, which is helpful in several medical sectors. Drug discovery and development is a particularly promising area of application of bioinformatics. Bioinformatics methodologies help clinical researchers keep track of previous results much more efficiently and precisely than with conventional methods. This helps drug discovery and development in the long term, by eliminating manual errors in recordkeeping.
Key Players:
The report has profiled some of the important players prevalent in the global like – Affymetrix, Inc., Illumina, Inc and Agilent Technologies, QIAGEN and Bio-Rad Laboratories, and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Bioinformatics Market.
Bioinformatics also helps in personalization of medicines, a trend picking up strength in the world of healthcare in the last few years. With effective IT systems put in place by healthcare institutes, patient data can be stored and accessed in much more precise ways, helping weed out errors in the process of medicine dispensation.
On the other hand, the market for bioinformatics is restrained severely at present by the lack of trained professionals. Due to the novelty of the field, trained and competent labor is naturally hard to find, but steady acceptance of bioinformatics systems will help manufacturers overcome this roadblock.
Another major restraint holding back the global bioinformatics market is the lack of interoperability between the multiple data formats and programs used by various healthcare institutions. The diversity of data formats has created fragmentation in the global market, which is expected to be solved by the R&D efforts currently underway to bring about uniformity in the bioinformatics systems manufactured by various key players.
Apart from innovation of new products and methodologies, the other key trend observed in the global bioinformatics market is that of mergers and acquisitions. Due to the relatively nascent nature of the global bioinformatics market, there are several small and medium-sized players in the market, leading to a high number of mergers and acquisitions, which will eventually result in a relatively consolidated market.
According to sector, medical biotechnology is the largest segment of the global bioinformatics market and is expected to exhibit a CAGR of 21.60% from 2014 to 2020. Other sectors in the global bioinformatics market include gene therapy, academics, agriculture biotechnology, animal biotechnology, forensic biotechnology, and environmental biotechnology.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Bioinformatics Market Manufacturers
Bioinformatics Market Distributors/Traders/Wholesalers
Bioinformatics Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Bioinformatics Market – Report Highlights
- A detailed overview of parent market of Bioinformatics Market
- Changing Bioinformatics Market dynamics in the industry
- In-depth segmentation of the Bioinformatics Market
- Historical, current, and projected Bioinformatics Market size regarding volume and value
- Recent industry trends and developments in Bioinformatics Market
- Competitive landscape of the Bioinformatics Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Bioinformatics Market performance
- Must-have information for Bioinformatics Market players to sustain and enhance their market footprint
Key Questions Answered in the Bioinformatics Market Report
How is the Bioinformatics Market expected to grow over the projected period?
What direction is the Bioinformatics Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Bioinformatics Market in future?
What are the key market drivers in the Bioinformatics Market?
What are significant opportunities and improvement areas for Bioinformatics Market manufacturers?
What are the key developments and trends taking over the Bioinformatics Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Bioinformatics Market?
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