Title: Global Bioinformatics Market – Industry Trends and Forecast to 2024
1Global Bioinformatics Market
Global Bioinformatics Market accounted value
of CAGR of 16.8 till 2024
Global Bioinformatics Market By Industry
(Molecular Medicine, Drug Development, Clinical
Diagnostics, Agriculture, Forensic, Animal,
Academics Research, Environmental, Gene
Therapy), By Product Type (Sequencing Platforms,
Knowledge Management Tools, Bioinformatics
Software), By Application (Preventive Medicine),
By Services (Data Analysis, Sequencing, Database
integration, Others), By Geography (North
America, Europe, Asia-Pacific, South America,
Rest of the World) Trend and Forecast to 2024
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2 Report Description
Global bioinformatics market is expected to reach
USD 22.78 billion by 2024 from USD 6.54 billion
in 2016, at a CAGR of 16.8 in the forecast
period 2017 to 2024. The new market report
contains data for historic years 2014 2015, the
base year of calculation is 2016 and the forecast
period is 2017 to 2024.
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3 Key Drivers
- The driving factors for this market are
increasing government initiatives and funding,
and growing use of bioinformatics in drug
discovery and bio-markers development processes. - Key market players, along with the recent
developments (New product launches, partnerships,
agreements, collaborations, and joint ventures) - Some of the major players operating in this
market are Illumina, Inc., DNAnexus, Inc.,
Qiagen, Thermo Fisher Scientific, Inc., Agilent
Technologies, Dassault Systemes, Geneva
Bioinformatics (Genebio) SA, Integromics S.L.,
Perkinelmer, Inc., Applied Biological Materials
(ABM) among others.
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4 Market Segmentation
- The global bioinformatics market is segmented
based on industry, product type, service and
application. Sequencing platforms are broadly
used, and is expected to grow at the highest CAGR
among its peer segments. - Scientists searching for the genetic mutation
that affects plant or animal characteristics
requires sorting of massive amounts of data. - Based on industry, the bioinformatics market is
segmented into molecular medicine, drug
development, clinical diagnostics, agriculture,
forensic, animal, academics and research,
environmental and gene therapy. - Based on product type, the bioinformatics market
is segmented into sequencing platforms, knowledge
management tools and bioinformatics software.
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5 Competitive Landscape
- The Global bioinformatics market is highly
fragmented with various companies operating in
local regions. - The major players have used various strategies
such as new product launches, expansions,
agreements, joint ventures, partnerships,
acquisitions, and others to increase their
footprints in this market. - Some of the examples for these strategies are In
March 2017, Agilent Technologies Inc. introduced
its first comparative genomic hybridization (CGH)
assay which will be used for diagnostic purposes
the GenetiSureDx Postnatal Assay. - This will help the clinical geneticists to detect
genetic anomalies early with more accuracy as
compared to than traditional methods.
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6 About Data Bridge Market Research
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