Press Release / Health and Fitness / Bioinformatics Market – Nanopore Sequencing Technology and Cloud Technology, Increasing Adoption of Bioinformatics Tools Leading to Growth Opportunity
Bioinformatics Market – Nanopore Sequencing Technology and Cloud Technology, Increasing Adoption of Bioinformatics Tools Leading to Growth Opportunity
By Sudhir H Malekar on May 30 2017 | 241 Views
Bioinformatics Market by Sector (Molecular Medicine, Agriculture, Forensic, Animal, Research & Gene Therapy), Product (Sequencing Platforms, Knowledge Management & Data Analysis) & Application
The report "Bioinformatics Market by Sector (Molecular Medicine, Agriculture, Forensic, Animal, Research & Gene Therapy), Product (Sequencing Platforms, Knowledge Management & Data Analysis) & Application (Genomics, Proteomics & Metabolomics) - Global Forecast to 2021”, The bioinformatics market is projected to reach USD 16.18 Billion by 2021 from USD 6.21 Billion in 2016, growing at a CAGR of 21.1% during the forecast period.
Browse 136 market data tables and 47 figures spread through 184 pages and in-depth TOC on “Bioinformatics Market by Sector (Molecular Medicine, Agriculture, Forensic, Animal, Research & Gene Therapy), Product (Sequencing Platforms, Knowledge Management & Data Analysis) & Application (Genomics, Proteomics & Metabolomics) - Global Forecast to 2021”
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Industry Insights:
Industry growth is driven by Growing demand for nucleic acid and protein sequencing, increasing initiatives from government and private organizations, growing application of bioinformatics, and improved collaborative ties between companies and research institutes.
However, lack of well-defined standards and common data formats for integration of data, shortage of skilled bioinformatics professionals, and lack of adequate user-friendly tools are the major factors restraining the growth of this market.
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Geographical Scenario:
Based on geography, s expected to account for the largest share of the bioinformatics market in 2016. The increasing demand for bioinformatics across genomics and proteomics research, technological advancements, increasing research funding, and presence of a large number of market players and research institutes are driving the growth of the bioinformatics market in this region.
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Industry Leaders:
Major players operating in the bioinformatics market include Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), QIAGEN N.V. (Netherlands), and Agilent Technologies (U.S.).
Stakeholders:
• Vendors/Service Providers
• Research and Consulting Firms
• Research Institutions
• Bioinformatics Manufacturers
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