Market Synopsis of Bioinformatics Market:
Market Scenario:
Bioinformatics is the use of information technology in the field of biotechnology for the
purpose of data storage, data warehousing and analyzing the DNA sequences. In
bioinformatics technology knowledge about various branches is required which
includes biology, mathematics, computer science, laws of physics & chemistry along with
it most importantly sound knowledge about information technology is required to analyze
biotechnological data.
Globally the market for bioinformatics is growing steadily and has a bright future, this
market expected to grow at the rate of about 19.8% till 2022 and this has started since
2016.
Segments:
Bioinformatics market has been segmented on the basis of application which comprises of
genomics, chemoinformatics, drug design, transcriptomics, molecular phylogenetics,
proteomics, metabolomics, DNA sequences and others. On the basis of services and
technology the market is segmented into data warehousing, sequence analysis, sequence
manipulation and others. On the basis of sector the market is divided into medical
bioinformatics, animal bioinformatics, agriculture bioinformatics and others.