The latest market report published by Credence Research, Inc. „Global Bioinformatics Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2024,“ the bioinformatics market was valued at USD 8,580.0 Mn in 2015, and is expected to reach USD 38,614.0 Mn by 2024, expanding to a CAGR of 20.3% from 2016 to 2024.
Browse the full report Bioinformatics Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2024 at http://www.credenceresearch.com/report/bioinformatics-market
Market Insights
The key applications of bioinformatics include gene sequence analysis, gene and protein expression analysis, gene regulation analysis, genome annotation, and mutation analysis. Bioinformatics plays key role in research optimization via effective data management during and after clinical trials. The factor assisting its market growth in the field of genomics and proteomics. The market experts have suggested that the market growth of bioinformatics has been driven by the companies that express a need to adopt more cost-effective and prolific methods to commercialize proprietary information.
Applications of bioinformatics include genomics, molecular phylogenetics, proteomics, transcriptomics, metabolomics, chemoinformatics & drug designing and others. In 2015, genomics dominates the overall market in terms of market share due to its rising application in understanding mutational disorders and processes to invest in better pathways that pertain to gene based drug development. Biocontent management is one of the largest markets in 2015 due to rising rates of bioinformatics.
In 2015, North America dominates the overall market and is expected to maintain its dominance in the market throughout the forecast period. The key factors assisting the North America bioinformatics market are the highest number of clinical trials and studies carried out every year. The bioinformatics services and products available in North America are advanced coupled with modern healthcare infrastructure. During the forecast period CAGR due to increase in number of outsourced assignments related to healthcare IT and clinical trials, developing healthcare infrastructures and biopharmaceutical companies.
Market Competition Assessment:
The bioinformatics market is considered to be the most diversified and competitive market. The market is dominated by several players, depending on their major competencies. The key players in this market are BIOVIA (Accelrys Inc.), IBM Life Sciences, 3rd Millennium Inc., Life Technologies Corporation, Rosetta Biosoftware, Agilent Technologies, Affymetrix, Inc., Celera Corporation, and others.
Key Market Movements:
- Bioinformatics market seeks to retain its significant growth due to the presence of huge government funding and advances in the fields of genomics and proteomics
- It is a trend in clinical research field which is assisting the growth of bioinformatics
- In the field of drug discovery and development demand for the use of integrated data
- Market experts have also suggested that bioinformatics has been widely used in the R & D of the sector as a strong reason for the growth of the market
The key players in this market are BIOVIA (Accelrys Inc.), IBM Life Sciences, 3rd Millennium Inc., Life Technologies Corporation, Rosetta Biosoftware, Agilent Technologies, Affymetrix, Inc., Celera Corporation, and others.
Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2 Executive Summary
2.1 Global Bioinformatics Market Portraiture
2.2 Global Bioinformatics Market, by Products & Services, 2015 Vs 2024 (Value %)
2.3 Global Bioinformatics Market, by Application, 2015 Vs 2024 (Value %)
2.4 Global Bioinformatics Market, by Geography, 2015 (Value %)
Chapter 3 Bioinformatics Market Analysis
3.1 Global Bioinformatics Market Analysis
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Increasing demand for data magament services and products in healthcare R&D industry
3.2.1.2 Rising application of proteomics and genomics in development of effective theraputics
3.2.1.3 Increasing number of collaborations in pharmceutical companies and research and development institutes or universities
3.2.2 Challenges
3.2.2.1 Data Integration is difficult due to lack of uniform standards and common data formats
3.2.3 Opportunities
3.2.3.1 Rising demand for Nanopore Sequencing Technology and Cloud Technology in the near future
3.2.3.1 Developing healthcare infrastructure in emerging economies such as Brazil, India and China will Boost the Market Growth
3.3 Attractive Investment Proposition
3.4 Competitive Landscape of Key Vendors in Bioinformatics Market.
Chapter 7 Company Profiles
7.1 BIOVIA (Accelrys Inc.)
7.1.1 BIOVIA (Accelrys Inc.): Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
7.2 IBM Life Sciences
7.2.1 IBM Life Sciences: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
7.3 3rd Millennium Inc.
7.3.1 3rd Millennium Inc.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
7.4 Life Technologies Corporation
7.4.1 Life Technologies Corporation: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
7.5 Agilent Technologies
7.5.1 Agilent Technologies: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
7.6 Affymetrix
7.6.1 Affymetrix: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
7.7 Celera Corporation
7.7.1 Celera Corporation: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
7.8 Rosetta Biosoftware
7.8.1 Rosetta Biosoftware: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
7.9 BioWisdom Ltd. (Instem)
7.9.1 BioWisdom Ltd. (Instem): Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)Top of Form
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