Global Bioinformatics Market
The global Bioinformatics Market was valued at USD 6.19 billion in 2016 and is projected to reach USD 34.65 billion by 2025, growing at a CAGR of 21.09% from 2017 to 2025.
Bioinformatics is dry lab biotechnology sector where the researches and data analysis is carried using software and tools designed for the particular purpose. Numbers of genetic studies are carried out using Bioinformatics. The market is expected to expand along with growing influence of Biotechnology.
1. Market Drivers
1.1 Growing Demand for Nucleic Acid and Protein Sequencing
1.2 Increasing Initiatives From Government and Private Organizations
1.3 Growing Applications of Bioinformatics
1.4 Growth in the Number of Collaborations Between Companies and Research Institutes
2. Market Restraints
2.1 Lack of Well-Defined Standards and Common Data Formats for Integration of Data
2.2 Lack of User-Friendly Tools
1. Global Bioinformatics Market, by Application:
1.2 Chemoinformatics and Drug Design
1.6 Molecular Phylogenetics
1.7 Other Applications
2. Global Bioinformatics Market, by Products and Services:
2.1 Knowledge Management Tools
2.1.1 Generalized Knowledge Management Tools
2.1.2 Specialized Knowledge Management Tools
2.2 Bioinformatics Platforms
2.2.1 Sequence Analysis Platforms
2.2.2 Sequence Alignment Platforms
2.2.3 Sequence Manipulation Platforms
2.2.4 Structural and Functional Analysis Platforms
2.2.5 Other Bioinformatics Platforms
2.3 Bioinformatics Services
2.3.1 Sequencing Services
2.3.2 Database and Management Services
2.3.3 Data Analysis
2.3.4 Other Bioinformatics Services
3. Global Bioinformatics Market, by Sector:
3.2 Animal Biotechnology
3.3 Agricultural Biotechnology
3.4 Medical biotechnology
3.5 Environmental Biotechnology
3.6 Forensic Biotechnology
4. Global Bioinformatics Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Illumina, Inc.
2. Thermo Fisher Scientific Inc.
3. Qiagen N.V.
4. Agilent Technologies
5. Applied Biological Materials (ABM)
6. Biomax Informatics Ag
7. DNAnexus, Inc.
8. ID Business Solutions Ltd.
9. Perkinelmer, Inc.
10. Waters Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the BioinformaticsMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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