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.
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.
Key Players for Bioinformatics Market: Agilent Technologies, Illumina, Inc., QIAGEN N.
V, and Thermo Fisher Scientific Inc., Dassault Systèmes, QIAGEN and others.
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Globally Americas is the largest market for Bioinformatics. Where in countries like US and
Canada play an important role in the growth of the market. Europe is expected to be the
second-largest market which is expected to reach US$ million by the end of the forecasted
period. Furthermore Asia pacific market is expected to be the fastest growing market for
Bioinformatics.
The report about Bioinformatics Market by Market Research Future comprises of extensive
primary research along with the detail analysis of qualitative as well as quantitative aspects
by various industry experts, key opinion leaders to gain a deeper insight of the market and
industry performance. The report gives a clear picture of current market scenario which
includes past and estimated future market size with respect to value and volume,
technological advancement, macro economical and governing factors in the market. The
report further provides detail information about and strategies used by top key players in
the industry. The report also gives a broad study of the different markets segments and
regions.
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