Bioinformatics Market: growing investment for bioinformatics and computational biology study
Bioinformatics is an interdisciplinary field which is combination of computational tools to study and analyze the biological data. It uses computer science, statistics, mathematics and engineering applications to interpret and decode the biological data. There is high scope for the Bioinformatics Market in healthcare sector across the globe during 2016-2021.
Scope and Regional Forecast of the Bioinformatics Market:
According to the IndustryARC market research studies on the Bioinformatics Market, it is anticipated to grow at a CAGR of 20.83% during 2016-2021. Bioinformatics platform is the leading segment with huge share compared to others by 2021.
There is high demand for the Bioinformatics Market tools and research analysis for understanding genomics and DNA of various biological forms for target drug development and drug delivery services in Healthcare sector during 2016-2021.
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North America is the leading region in the Bioinformatics Market owing to the high capital investment for the development of this market and the tools and software. Europe and Asia Pacific has huge scope for this market product through 2021.
The Bioinformatics Market is a high potential market with increasing use of bioinformatics tools for sequence analysis, bioinformatic analysis and genome analysis in the bioinformatics projects for decoding the genetic information. This market is expected to witness high growth as per the3 IndustryARC analytics owing to the huge R&D expenditure for bioinformatics research and maintenance of bioinformatics databases by the bioinformatics companies and growing applications of bioinformatics and computational biology in research and drug discovery industry in the healthcare sector across the globe during 2016-2021.
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Segmentation and Key Players of the Bioinformatics Market:
The Bioinformatics Market is segmented into various categories in the IndustryARC market research report by product, by applications, by sector and by geography.
By product: bioinformatics platforms (sequence analysis, sequence alignment, sequence manipulation and structural & functional analysis and others), knowledge management tools (generalized knowledge management tools and specialized knowledge management tools) and services (sequencing, data analysis services, database management services and others)
By applications: genomics, proteomics, transcriptomics, metabolomics, molecular phylogenetics, chemoinformatics & drug design and others
By sector: medical bioinformatics, drug development, clinical diagnostics, molecular medicine (), gene therapy, reproductive biotechnology, animal bioinformatics, agricultural bioinformatics, environmental bioinformatics, forensic bioinformatics, academics and others
By geography: North America, South America, Europe, Asia Pacific and ROW
According to the IndustryARC market research report, some of the noteworthy key players in the Bioinformatics Market are as follows:
- Agilent Technologies Inc.
- Geneva bioinformatics
- Non linear dynamics
- Quest Diagnostics Inc.
- Life Technologies corp.
Government agencies and medical corporations invest high capital for maintenance of bioinformatics journal for use of that data for further applications of bioinformatics and biotechnology studies during 2016-2021.
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