Title: Bioinformatics Market by Application, Segment & Sector -2020
1MarketsandMarkets Presents
Bioinformatics Market worth 13.3 Billion by 2020
2- The global bioinformatics market accounted for
4.2 billion in 2014 and is poised to reach 13.3
billion by 2020 at a CAGR of 20.9 from 2015 to
2020. The bioinformatics platforms product
segment is expected to witness the fastest growth
during the forecast period. - The growth of the bioinformatics market is driven
by increasing government initiatives and funding,
and growing use of bioinformatics in drug
discovery and biomarkers development processes.
It is expected that the market will offer
opportunities for bioinformatics solutions
manufacturers with the introduction and adoption
of upcoming technologies such as nanopore
sequencing and cloud computing. - Early buyers will receive 10 customization on
reports. -
3- However, factors such as dearth of skilled
personnel to ensure proper use of bioinformatics
tools and lack of integration of a wide variety
of data generated through various bioinformatics
platforms are hindering the growth of the market.
Manufacturers of bioinformatics solutions will
face further challenges with regard to industry
consolidation and management of high volume
data. - The bioinformatics market is broadly categorized
on the basis of sectors, products and services,
applications, and geographies. On the basis of
products services the market is broadly
segmented into bioinformatics knowledge
management tools, bioinformatics platforms, and
bioinformatics services. The bioinformatics
knowledge management tools segment is further
bifurcated into generalized tools and specialized
tools. - The bioinformatics platforms segment is further
divided into sequence analysis platforms,
sequence alignment platforms, sequence
manipulation platforms, and structural
functional analysis platforms. The bioinformatics
services segment is further segmented into
sequencing services, database management, and
data analysis.
4- Market Segmentation
- This research report categorizes the
bioinformatics market on the basis of product
services, application, sector and region. - Global Bioinformatics Market, By Sector
- Medical Biotechnology
- Drug Development
- Clinical Diagnostics
- Molecular Medicine
- Personalized Medicine
- Preventive Medicine
- Gene Therapy
- Reproductive Biotechnology
- Academics
- Animal Biotechnology
5- On the basis of sector, the global bioinformatics
market is broadly divided into medical
biotechnology, academics, animal biotechnology,
agriculture biotechnology, environmental
biotechnology, and forensic biotechnology. The
medical biotechnology segment is further divided
into drug development, clinical diagnostics,
molecular medicine, gene therapy, and
reproductive biotechnology. - The major players in the bioinformatics market
are Affymetrix, Inc. (U.S.), Life Technologies
Corporation (U.S.), Illumina, Inc. (U.S.), and
QIAGEN(The Netherlands). - Request Knowledge Store Demo
- http//www.marketsandmarkets.com/Knowledgestore.as
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