At 12.1% CAGR, Bioinformatics Market Size to hit USD 24.07 Billion, Globally by 2028, says Brandessence Market Research

LondonAnd January 24, 2022 /PRNewswire/ – The global bioinformatics market in terms of revenue has been worth 10.82 billion US dollars In 2021 it is expected to reach 24.07 billion US dollars By 2028, it is growing at a compound annual growth rate of 12.1% from 2021 to 2028. The size of the global bioinformatics market is expected to grow at a significant growth rate due to many driving factors.

The increasing scope in research and development, drug discovery, and new developments in genetic analysis and synthesis methods and technologies are driving the bioinformatics market.

Bioinformatics market size, share, and trends analysis report by product (sequence analysis platform, sequence alignment platforms, structural and functional analysis platforms, sequencing processing platforms), by application (pharmaceutical development, protein function analysis, gene therapy, molecular genomics, personalized medicine) Region and Sector Outlook, 2022 – 2028

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Scope of the report:

Bioinformatics is a combination of biology and information technology, which links biological data with information storage, distribution, and analysis technologies to support multiple areas of scientific research, including biomedicine. Bioinformatics software and tools are used as integrated solutions that provide statistical algorithms and methodologies for data analysis and help integrate data management and analysis for applications such as next-generation sequencing, genetic and protein structuring, modeling, and 3D drug design. There are many bioinformatics tools available in the market categorized as homology and similarity tools, protein functional and analytical tools, sequence analysis tools, and miscellaneous tools. Increased R&D initiatives in the protein and genomics market including other related “–omics” areas are expected to support market growth to meet the demand for data storage and analysis.

The major segments of the Bioinformatics market covered in this report are:

High School:

  • sequencing analysis platform
  • Sequence alignment pads
  • Structural and Functional Analysis Platforms
  • sequencing processing platforms

By application:

  • drug development
  • Protein function analysis
  • gene therapy
  • Molecular genomics
  • personal medicine

Best Bioinformatics companies in the market which covers the prominent players like,

  • Agilent Technologies, Inc.
  • Genedata AG
  • Intrexon Bioinformatics Germany GmbH
  • Illumina company
  • Birkenelmer Corporation
  • Accelrys, Inc.
  • Affymetrix, Inc.
  • non-linear dynamics
  • Biomax Informatics AG, DNAnexus, Inc.
  • Thermo Fisher Scientific, Inc.
  • Bioinformatics in Geneva (GENBIO)
  • Dassault Systems
  • Eurofins Scientific
  • Daltonics Inc. uses
  • Qiagen NV
  • Seven Bridges Genomics Inc.
  • Quest Diagnostics Inc.

Bioinformatics Market Dynamics:

The major factor for the growth of the bioinformatics market is the increasing demand for infant foods due to the changing lifestyles along with the increasing number of working women across the globe. According to the World Health Organization (WHO), only 38% of infants are breastfed globally. Moreover, the growing awareness of the nutritional benefits of bioinformatics among consumers is driving the growth of the bioinformatics market. Additionally, the increased consumption of bioinformatics among athletes due to health benefits such as it builds a strong immune system and helps support muscle maintenance and performance of athletes is driving the bioinformatics market. However, the factors restricting the growth of the bioinformatics market are the strict regulation by the government regarding the formulation of supplements and the high cost of research and development. Moreover, innovation in different formats and products will create massive opportunities in the bioinformatics market.

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Global Bioinformatics Market Dynamics:

Bioinformatics is a combination of biology and information technology. It is widely used in bioinformatics management in medical research and drug development. It uses computer software tools to create databases, manage data, store data, extract data, and communicate networks. Spending and investments in drug discovery drive market growth. The tendency towards collaboration with genetics research organizations is the primary component responsible for the significant market share of medical biotechnology. The field covers many advanced and specialized areas of life such as structural genomics, functional genomics, DNA microarrays, comparative genomics, medical information, and more. The growing need for integrated bioinformatics systems in proteomics and genomics is also supporting the growth of the bioinformatics market. Genomics is the largest application-based bioinformatics market. Increased mergers and acquisitions and new product innovation are some of the latest trends in the bioinformatics market. Nanopore sequencing technology is one of the growth opportunities for the bioinformatics market. The shortage of skilled professionals and the high costs of implementing bioinformatics programs restrict the growth of the bioinformatics market.

Special Requirements Bioinformatics market report is also available for the following regions:

North America

Europe

  • GermanyAnd France, United kingdom, ItaliaAnd SpainAnd Sweden, Holland, TurkeyAnd SwitzerlandAnd Belgium, the rest of the Europe

Asia Pacific

  • South Korea, JapanAnd ChinaAnd IndiaAnd AustraliaAnd philippinesAnd SingaporeAnd MalaysiaAnd ThailandAnd IndonesiaRest of Asia and the Pacific

Latin america

  • MexicoAnd ColombiaAnd BrazilAnd ArgentinaAnd Peru, the rest of the Latin america

Middle East and Africa

  • Kingdom Saudi Arabia, The United Arab Emirates, EgyptAnd South AfricaRest of the Middle East and Africa

Our market research solution provides you the answer to the below mentioned question of the Bioinformatics market.

  • What are the driving factors responsible for the growth of the Bioinformatics Market?
  • What are the factors standing in the way of this market?
  • What are the new opportunities for bioinformatics, through which the market will grow in the coming years?
  • What are the trends of this market?
  • What are the main factors responsible for launching a new product?
  • What is the global and regional market size in terms of revenue, sales, and production?
  • How far will the market grow in the forecast period in terms of revenue, sales and production?
  • Which region dominates the global market and what are the market shares of each region in the market as a whole in 2021?
  • How will each segment grow during the forecast period and how much revenue will these segments account for in 2028?
  • Which region has more opportunities?
  • and more

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