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Bioinformatics Market 2018 dynamics (drivers, restraints, opportunities), plans, Competitive Landscape and Growth by Forecast to 2023 | 360 Market Updates

Bioinformatics

Bioinformatics Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Bioinformatics market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Bioinformatics Market report is anticipated to register a CAGR of 19.8% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Bioinformatics Market are –

  • Agilent Technologies
  • Affymetrix
  • Illumina
  • Qiagen
  • Perkinelmer
  • Accelrys
  • Inc.
  • Geneva Bioinformatics SA

Bioinformatics is the application of computational technology to gather, store, analyze, and integrate biological data. This data is used to procure information that can be applied to gene-based drug discovery and development, protein structure studies, and in order to determine the therapeutic efficacy of drugs. The global bioinformatics market is expected to register a CAGR of 19.8% during 2018-2023 (the forecast period).

Growth in Proteomics and Genomics

With the completion of the Human Genome Project (in 2001) and the Human Proteome Project, a vast amount of data has generated, which has given a new dimension to the profiling of proteomic and genomic analyses. The data generated, out of these projects, has driven the growth of the global bioinformatics market, due to the growing demand for tools and platforms for data management, data retrieval, sequence alignment, structure prediction, and other bioinformatics applications.
Other factors driving the market include increasing government spending and rise in R&D initiatives.

Rising Data Complexity Concerns

A large amount of genomic and proteomic data, generated through various sequencing and structure prediction methods, are highly complex. The complexity of the generated data ranges from missing values to excess unwanted information. Data dissemination has been a major challenge for the growth of the bioinformatics market.
Reimbursement hurdles for the manufacturer and high-capital investment are also restraining the market growth.

North America to Dominate the Market

The bioinformatics market has been segmented on the basis of technology, application, end user, and geography. By geography, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Owing to the factors, like the growing demand for bioinformatics across genomics and proteomics research, technological advancements, increasing research funding, and the presence of a large number of market players and research institutes in the region, North America dominates the global bioinformatics market.

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Scope of the Report:

The report analyses Bioinformatics market, which includes –

  • Analysis of the growth of Bioinformatics market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Bioinformatics market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Bioinformatics market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Bioinformatics market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Bioinformatics Market Report:

  • Varying dynamics of the Bioinformatics industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Bioinformatics market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Bioinformatics market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Bioinformatics Market Report:

  • The report analyses how stringent emission control norms will drive the global Bioinformatics market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Bioinformatics market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Bioinformatics:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

Look into Table of Content of Bioinformatics Market Report @ https://www.360marketupdates.com/TOC/12887026#TOC

Contact Info: –

360 Market Updates

Mr. Ajay More

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