The bioinformatics market is rapidly growing as advances in molecular biology and other disciplines are providing new insights into the complexity of life. Bioinformatics is the application of computer science and technology to the field of biology and medicine. It is used to analyze biological data and make predictions about the structure and function of living organisms.

The global Bioinformatics Market is projected to reach USD 18.7 billion by 2027, at a CAGR of 13.0%. according to a new report by MarketsandMarkets™. This growth is largely driven by the increasing use of bioinformatics in drug discovery, diagnostics, and personalized medicine. The development of bioinformatics technologies has opened up new possibilities for the pharmaceutical and healthcare industries, allowing them to analyze large amounts of data and extract valuable insights.

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Bioinformatics technologies are also being used in the agricultural industry to improve crop yields, and in the environmental sector to better understand the effects of climate change. Furthermore, bioinformatics is increasingly being used to improve the accuracy of clinical diagnostics and treatments.

The increasing demand for personalized medicine, combined with advances in bioinformatics technologies, is expected to drive the growth of the bioinformatics market in the coming years. The demand for bioinformatics services is also expected to increase, as the need for data analysis increases.

The bioinformatics market is highly competitive, and companies are investing heavily in research and development to develop new products and services. Companies are also collaborating with academic institutions and other industry players to develop innovative solutions.

As the demand for bioinformatics continues to grow, it is expected that the market will continue to expand in the coming years. This will create opportunities for new players to enter the market and offer their own unique services and products.

List of KEY PLAYERS in Global Bioinformatics Market Report are: Thermo Fisher Scientific, Inc. (US), Eurofins Scientific (Luxembourg), QIAGEN N.V. (Netherlands), Agilent Technologies, Inc. (US), and Illumina, Inc. (US), Waters Corporation (US), DNASTAR (US), NeoGenomics Laboratories (US), Perkin Elmer, Inc. (US), GENEWIZ (US) and BGI Group (China)

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The study categorizes the Bioinformatics market into the following segments and subsegments:

By Product & Services

  • Knowledge Management Tools
  • Bioinformatics Platforms
  • Bioinformatics Services

By Application

  • Genomics
  • Chemoinformatics & Drug Design
  • Proteomics
  • Transcriptomics
  • Metabolomics
  • Other Applications

By Sector

  • Medical Biotechnology
  • Animal Biotechnology
  • Plant Biotechnology
  • Environmental Biotechnology
  • Forensic Biotechnology
  • Other Sectors

By Region

  • North America
  • Europe
  • Asia
  • Rest of the World

Important years considered for this report:

Ø  Historical Years: 2017-2021

Ø  Base Year: 2022

Ø  Forecast Period: 2022-2027

Highlights of the Report:

·         In-depth analysis of various insights, namely, Global Bioinformatics Market trends, growth drivers, opportunities, and other related challenges.

·         Comprehensive details of key market players, their core competencies, and Global Bioinformatics Market share.

·         The potency of suppliers and buyers to make better business decisions.

·         Lists out the market size in terms of volume.

Reasons to Purchase this Report:

·         Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

·         Provision of market value (USD Billion) data for each segment and sub-segment

·         Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

·         Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

·         Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

·         Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

·         The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

·         Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis

·         Provides insight into the market through Value Chain

·         Market dynamics scenario, along with growth opportunities of the market in the years to come

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