Bioinformatics deals with the recording, annotation, storage, analysis and retrieval of nucleic acid sequence, protein sequence and structural information. Medical biotechnology is further divided into drug development, molecular medicines, clinical diagnostics, gene therapy and reproductive biotechnology.
Product Insights Bio-content processing and management was the leading product segment accounting for over However, complex methods used in bioinformatics-related tools and the impending need for exceptionally skilled individuals is limiting the growth for the same.
Bioinformatics is the combination of biology and information technology. These are commercially available for the purpose of processing the data gained from various research and development projects effectively employing bioinformatics.
As a result, the market is expected to grow at a CAGR of about These are commercially available for the purpose of processing the data gained from various research and development projects effectively employing bioinformatics.
However, the bioinformatics services sector is likely to dominate the market in terms of growth until Owing to the growing applications of bioinformatics in drug discovery and development process, rising number of personalized medicines and clinical diagnostics also promotes use of bioinformatics.
Rising need for integrated bioinformatics systems in proteomics and genomics also supports the growth of bioinformatics market. However, the lack of skilled personnel and lack of uniform formats for bioinformatics tools and platforms has restrained the growth of the bioinformatics market.
Medical biotechnology is dominating the global bioinformatics market. Furthermore, there have been several developments in genomic technology that have given rise to significant improvements in availability of prediction tools for secondary and tertiary structures of proteins and other biomolecular structures.
Development of next generation sequencing technologies is expected to drive bioinformatics industry over the forecast period. Europe bioinformatics market was valued at over USD 1.
It is also used in the study of genetics and genomes. Other major players of bioinformatics market include Affymetrix, Inc. As a result, the market is expected to grow at a CAGR of about On the basis of sector, market is further classified into medical biotechnology, animal biotechnology, academics, agriculture biotechnology, forensic biotechnology, environment biotechnology and others.
The concerned researchers have successfully utilized computational methods to identify the exact proteins that need to be targeted by drugs. However, lack of skilled and trained professional and high cost is restraining the growth of the bioinformatics market. In terms of application, the market is expected to be led by the segment for molecular medicine.
Furthermore, there have been several developments in genomic technology that have given rise to significant improvements in availability of prediction tools for secondary and tertiary structures of proteins and other biomolecular structures. European bioinformatics market, by product, - USD Million Bioinformatics software and tools are being used as integrated solutions which provide algorithms and statistical methodologies for data analysis and help in integrating data management and analysis for applications such as next generation sequencing, genomic and proteomic structuring and modeling, and three dimensional drug designing.
Bioinformatics Platforms to Lead Market The global bioinformatics market has been segmented into services, content management tools, and platforms. Expected advancement of visualization software used for high performance sequence analysis including DNA sequences, protein annotation, and contig formulation 3D model analysis is also a factor expected to significantly enhance the growth of this market over the forecast period.
Some of the major companies operating in the global bioinformatics market:. Bioinformatics Market Analysis (By Sectors, Products & Services and Application), Market Size, Application Analysis, Regional Outlook, Competitive Strategies and.
the global bioinformatics market was valued at USD billion in and is expected to grow at a CAGR of % from toto Location: State Tower, 90 State Street, SuiteAlbany, This report provides in-depth analysis and estimation of the global bioinformatics market for the period toconsidering as the base year for calculation.
In addition, data pertaining to current market dynamics including market drivers, restraints, trends and strategic developments has been provided in the report. North America was observed to account for the largest share of revenue forwherein over 40% of the global revenue was estimated to have been generated from the U.S.
and Canada combined. Europe bioinformatics market was valued at over USD billion in and is expected to grow at a CAGR of % from to Global Bioinformatics Industry European Bioinformatics Market III & (includes corresponding Graph/Chart) III 6b.
REST OF LATIN AMERICA III According to a new market report published by Persistence Market Research “Global Market Study on Bioinformatics - Asia to Witness Fastest Growth by ,” the global bioinformatics market was valued at USD 4, million in and is expected to grow at a CAGR of % from toto reach an estimated value of USD 12, million inWorldwide bioinformatics market 2014 to 2020