As per Market Industry Reports (MIR) research findings, introduction of computer intelligence, cloud based data storage, and integrated bioinformatics solutions set to develop gene based therapy solutions for different sectors of healthcare industry.

The global bioinformatics market is largely governed by prominent players such as Thermo Fisher Scientific, Illumina Inc, Agilent Technologies, QIAGEN , BGI, Wuxi NextCODE , Eurofins Scientific , Waters Corporation , Sophia Genetics, Partek and DNASTAR among others.

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The global bioinformatics market is anticipated to grow at double digit CAGR in coming years. The major factors propelling the growth of bioinformatics market are increasing demand for nucleic acid sequencing, protein sequencing, increasing focus on personalized medicine by pharmaceutical companies and rise in applications of bioinformatics in clinical diagnostics.

The integration of machine learning, artificial intelligence and cloud based technology in the healthcare industries are shaping the growth of the bioinformatics market globally. Oncolmmunity (acquired by NEC) has developed a software solution which enables machine learning to next-generation sequencing data to predict the immunogenic neoantigens in individual cancer patients.

“Companies are focusing on the analysis of biological data by using computer technologies to develop efficient and gene based drug for better therapeutic result” said Trupti, Senior Analyst, Healthcare at MIR.

MARKET ECOSYSTEM/CLASSIFICATION

By Product and Services

• Knowledge Management Tools
• Specialized Knowledge Management Tools
• Generalized Knowledge Management Tools
• Bioinformatics Platforms
• Structural and functional Analysis Platforms
• Data Analysis Platforms
• Other Platforms
• Bioinformatics Services
• Database Management Services
• Data Analysis services
• Other Bioinformatics services

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By Application

• Chemoinformatics and Drug Design
• Genomics
• Proteomics
• Metabolomics
• Transcriptomics
• Other Applications

By Sector

• Agriculture Biotechnology
• Animal Biotechnology
• Academics
• Medical Biotechnology
• Clinical Diagnostics and Personalized Medicine
• Drug Discovery and Development
• Reproductive Health
• Forensics Biotechnology
• Environmental Biotechnology
• Other Sectors

Globally, North America commanded the largest market share of the Bioinformatics market followed by Asia Pacific and European region. North America will continue to dominate the global bioinformatics market in forecast years, owing to highly advance infrastructure, increasing investment from government and private side in IT and Healthcare sectors.. Moreover, Asia pacific is expected to witness the highest CAGR in forecast period owing factors such as, increasing investments in research, growing economy and favorable government regulations in the region.

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CUSTOMIZATION OPTIONS:

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Bioinformatics Market Analysis and Industry Trends 2019-2030 | Partek, DNASTAR, QIAGEN, BGI, Wuxi NextCODE