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Market Research Report

Global Bioinformatics Market Outlook 2016-2024

Published On : 2018-02-07 Report Page : 310 Category: Healthcare

Global Bioinformatics Market

Market Overview

Pace of innovations in genomic and other molecular research technologies and developments in information technologies over the past few years have contributed to generate a tremendous amount of information related to molecular biology and the primary goal of bioinformatics is to increase the understanding of biological processes. Some of the grand research areas in bioinformatics include sequence analysis, genome annotation, analysis of gene/protein expression, analysis of mutation in cancer, protein structure prediction and comparative genomics.

Goldstein Research analyst forecast the Bioinformatics Market size is set to reach USD 17.5 billion by 2024, at a CAGR of 20.5% over the forecast years.

Covered In This Global Bioinformatics Market Report                 

The report covers the present ground scenario and the future growth prospects of the Bioinformatics Market for 2016-2024 along with its penetration in all the verticals and its future aspects in other fields as well. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe.

Global Bioinformatics Market Segmentation

By Product Type

  • Platform
  • Product & Services
  • Molecular Medicine
  • Preventive Medicine
  • Sequence analysis
  • Sequence alignment
  • Sequence manipulation
  • Structural analysis
  • Sequencing services
  • Database and management
  • Data Analysis
  • Tools

By Sector

  • Medical Bioinformatics
  • Animal Bioinformatics
  • Agricultural Bioinformatics
  • Academics
  • Other (Microbial Genome)

By Application

  • Chemoinformatics and Drug Design
  • Genomics
  • Proteomics
  • Transcriptomics
  • Metabolomics
  • Agriculture
  • Environment
  • Forensic Sciences

Based on Geography

  • North America (U.S. & Canada) Bioinformatics Market
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Bioinformatics Market
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Bioinformatics Market
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Bioinformatics Market
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Bioinformatics Market

On the basis of product type, molecular medicine held the largest market share of 30% while preventive medicine is anticipated to grow at a faster CAGR of 25% over the forecast period due to the increasing awareness about its key specialties like aerospace medicine, occupational medicine, and public health and general preventive medicine.     

Bioinformatics Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global bioinformatics market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Bioinformatics market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global Bioinformatics market report comprises of the following companies as the key players in the Bioinformatics market: Illumina Inc, Waters Corporation, Agilent Technologies, Inc, Thermo Fisher Scientific Inc., Sencel bioinformatics, S.A.F.A.N. Bioinformatics SAS, Biovia, Regeneron Pharmaceuticals, Biomax Informatics AG, Qiagen n.v., Inc, Geneva Bioinformatics SA, and Noray bioinformatics SLU.

According to our global market study on the basis of extensive primary and secondary research:  “One trend is the exponential growth of high-throughput Omics data has provided an unprecedented opportunity for new target identification to fuel the dried-up drug discovery pipeline and integrated bioinformatics  analysis for cancer target identification.”

According to the report, major driving factor for Bioinformatics market is the application and development of data mining techniques to solve biological problems as analyzing large biological data sets requires making sense of the data by inferring structure or generalizations from the data. For instance, analysis of statistical modeling of protein-protein interaction, protein structure prediction, gene classification, cancer classification based on microarray data, clustering of gene expression data, etc.

Further, the report states that the major challenge is to decide which data sets to archive and which to discard also known as data deluge and in addition other challenges include knowledge management and predicting and not just explaining hypothesis.

Based on geography, North America is leading the Bioinformatics market with the market size of USD 5.89 billion in 2016. Europe is the second largest market for Bioinformatics as countries like Germany and UK have huge bioinformatics market stimulated by the continuous R&D activities in the region. The bioinformatics market is projected to show a steady growth in Middle East & Africa and Latin America because of the growing bioinformatics platforms stimulated by proteomics and genomic growth.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Bioinformatics Market report

  • What is the total market size by 2024 and what would be the expected growth rate of sales?
  • What is the revenue generated Bioinformatics industry in 2015-16 and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Bioinformatics Market Outlook 2016-2024

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