Lack of Well-defined Standards for Data Integration to Inhibit Market Growth The lack of common data formats and well-defined standards for the integration of data are expected to restrict the growth of the global bioinformatics market in the forecast period, says a TMR analyst.
Chemo-informatics is expected to gain market share and grow at a CAGR of There are various bioinformatics tools available in the market categorized as homology and similarity tools, protein functional and analysis tools, sequence analysis tools and miscellaneous tools.
Nevertheless, Asia Pacific is expected to emerge as a lucrative region for the growth of the bioinformatics market. The concerned researchers have successfully utilized computational methods to identify the exact proteins that need to be targeted by drugs. Lucrative Opportunities in Developing Economies to Accelerate Market Growth The rising government support for research and development activities in biopharmaceutical and biotechnology sectors has resulted in the increased adoption of bioinformatics across the globe.
Since the market is highly competitive, monopolistic and consolidated. A thorough market analysis and forecast for these segments has been provided in this study, in terms of market revenue USD million for the period to Growing clinical development of biopharmaceutical and increasing need for three dimensional drug designing technology are expected to drive the market growth over the next five years.
These innovations are used in managing large amount of biological data in various research fields. This research report provides a detailed analysis of the global bioinformatics market and helps in understanding the various driving factors for the growth of the market.
Additionally, the demand advanced treatment of several diseases and effective preventive solutions are continuously rising.
On the other hand, the gene therapy drug development segment is estimated to grow at a robust pace throughout the forecast period. Bioinformatics deals with the recording, annotation, storage, analysis and retrieval of nucleic acid sequence, protein sequence and structural information.
Bioinformatics include genome annotation, gene sequence analysis, cancer mutation analysis, gene expression analysis, gene regulation analysis, protein expression analysis, comparative genomics and system biology.
Some of the fastest growing markets for bioinformatics in North America are the U. Europe bioinformatics market was valued at over USD 1. Widespread adoption of bioinformatics in clinical diagnostics is a vital industry driver.
Rising need for integrated bioinformatics systems in proteomics and genomics also supports the growth of bioinformatics market. Furthermore, the increasing number of applications of bioinformatics in diverse industries is augmenting the overall market.
Furthermore, bioinformatics has application in fields such as molecular medicine, preventive medicine, gene therapy, and drug development among others.
The market overview section of bioinformatics market report includes market dynamics and trends, which are further divided into factors such as drivers, restraints, and opportunities that influence the current nature and future status of bioinformatics market globally.
Some of the key players profiled in this report include Accelrys, Inc. Some of the key players profiled in this report include Accelrys, Inc. Application of information technology for the effective management of biological information is known as bioinformatics.
These factors together give a thorough analysis of the overall competitive scenario in the global bioinformatics market. Growing demand for pharmacogenomics in drug development and sequence screening and introduction of technological advancements aimed at managing large sets of genomic data are key factors accounting for this large share.
In revenue terms, the industry could reach nearly USD 14 billion by Other major players in the bioinformatics market include Affymetrix, Inc. The rising number of collaborations between research institutes and companies is anticipated to contribute extensively towards the development of the global market.
Forensic biotechnology is the fastest growing segment owing to increasing demand for DNA as evidence in our legal system. Adoption of computer technology for managing biological information also helps in developing drug and manage huge database associated which its discovery.
Other major players of bioinformatics market include Affymetrix, Inc. Some of the key proteins in the networks have the capacity to facilitate changes that convert healthy cells into cancer cells. Factors accounting for this large share include the presence of large pharmaceutical companies in the region, which are involved in the clinical development of novel APIs and biosimilar drugs.
However, the bioinformatics services sector is likely to dominate the market in terms of growth until In addition, lack of interoperability among data formats is also restraining the growth of bioinformatics market.Worldwide Bioinformatics Market to – Industry Survey, Market Size Essay global market for bioinformatics is expected to reach USD billion byaccording to a new study by Grand View Research, Inc.
Rapidly declining prices of DNA sequencing, growing adoption rates of. Europe bioinformatics market was valued at over USD billion in and is expected to grow at a CAGR of % from to Asia Pacific accounted for over 15% share in The presence of skilled and trained bioinformaticians and expected development of region’s IT sector are expected to enhance capability of providing.
The global bioinformatics market is expected to reach USD billion by growing at an estimated CAGR of % from toaccording to a new report by Grand View Research, Inc. Growing clinical development of biopharmaceutical and increasing need for three dimensional drug designing technology are expected to drive the market growth over the next five years.
North America was observed to account for the largest share of revenue forwherein over 40% of the global revenue was estimated to have been generated from the U.S.
and Canada combined. Europe bioinformatics market was valued at over USD billion in and is expected to grow at a CAGR of % from to Genomics Market Analysis and Forecast () with Analysis of Key Players Such as Bio-Rad labs, GENEWIZ and Roche Diagnostics.
The global bioinformatics market is projected to grow at a significant CAGR during the forecast period and is likely to touch a valuation of US$ bn by Bioinformatics Platforms to Lead Market.
The global bioinformatics market has been segmented into Location: State Tower, 90 State Street, SuiteAlbany,Download