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Global Bioinformatics Market Potential Growth, Share, Demand and Analysis Of Key Players- QIAGEN (Netherlands), BGI (China), Wuxi NextCODE (China), Eurofins Scientific

Bioinformatics Market is expected to reach USD 26.33 billion by 2026 from USD 7.76 billion in 2018, at a CAGR of 16.5% in the forecast period 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

The suggestions obtained with the Bioinformatics marketing document do not just match today’s fast-evolving business trends, but also allow companies to capitalize on them. The report offers the most infallible and accurate data through the 360 degree research methodology. While formulating this market analysis report, research analyst give support 24×7 to correctly understand the business requirements. Seasoned analysts and competent experts ensure credibility of the market data and provide it in the quickest turnaround time. An excellent Bioinformatics market research report can assist to stay ahead of the curve.

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Few of the major competitors currently working in the bioinformatics market are Thermo Fisher Scientific (US), Illumina Inc. (US), Agilent Technologies, Inc. (US), QIAGEN (Netherlands), BGI (China), Wuxi NextCODE (China), Eurofins Scientific (Luxembourg), Waters Corporation (US), Sophia Genetics (Switzerland), Partek (US), DNASTAR (US),  Dassault Systèmes (France), DNAnexus, Inc. (US), Genebio (Switzerland), ASEBIO (Spain), PerkinElmer Inc. (US), abm Inc.(Canada) a few among others.

Utilizes Powerful Tools and Methodologies-: The Bioinformatics market has been evaluated and analyzed utilizing various powerful market research tool and methodologies such as SWOT analysis, income feasibility analysis, PEST analysis and PORTER’s Five Forces analysis. These tools analyze the competitive forces prevailing in the market which somehow affects the market growth.

Key Developments in the Market:

  • In April 2019, The HANS-GINS Indxx Healthcare Innovation Ucits ETF will focus on developments in sectors including bioinformatics, bioengineering, genome sequencing, healthcare trackers, nanotechnology, neuroscience, robotics and medical devices.
  • 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.

Market Drivers

  • Increasing government initiatives and funding will drive the growth of the market.
  • Growing use of bioinformatics in drug discovery and bio-markers development processes.

Market Restraints

  • Shortage of trained research personnel required for proper use of bioinformatics toolsis expected to act as a restraint to the market growth.
  • Non-availability of platforms to integrate large data sets produced by bioinformatics is expected to offset the growth of this market.

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Segmentation: Global Bioinformatics Market

  • By Product Type
    • Sequencing platforms
      • Sequence Analysis Platforms
      • Sequence Alignment Platforms
      • Sequence Manipulation Platforms
      • Structural Analysis Platforms
      • Others
    • Knowledge management tools
      • Generalized Knowledge Management Tools
      • Specialized Knowledge Management Tool
    • Bioinformatics software.
  • By Industry
    • Molecular medicine
    • Drug development
    • Clinical diagnostics
    • Agriculture
    • Forensic
    • Animal
    • Academics and research
    • Environmental and gene therapy
  • By Sector
    • Medical biotechnology
      • Drug discovery & development
      • Clinical diagnostics & precision medicine
      • Reproductive health
    • Academics
    • Animal biotechnology
    • Agricultural biotechnology
    • Environmental biotechnology
    • Forensic biotechnology.
  • By Applications
    • Preventive medicine
    • Molecular medicine
    • Genomics & Drug development
    • Chemoinformatics and drug design
    • Proteomics
    • Transcriptomics
    • Metabolomics
    • Transcriptomics
    • Other biotechnological applications
  • By Services
    • Data integration
    • Data analysis
      • Structural
      • Functional
    • Sequencing
  • By Geography
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East & Africa

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Insights of the report

  1. CAGR values in the market for the forecast period
  2. Key trends in the market place
  3. Major players and brands
  4. Drivers and restrains of the market
  5. Historical and current market size and projection up to 2026.

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