Bioinformatics Market Anticipated to Grow at a CAGR of 20.5% during Forecast Period 2016-2024

New York, USA, 2018-Oct-17 — /EPR Network/ —As per Goldstein Research analysis, global bioinformatics market is expected to grow at a CAGR of 20.5% over the forecast period 2016-2024 to reach a market size of USD 17.5billion by 2024. Major driving factor for global bioinformatics market is the application and development of data mining techniques to solve biological problems as analyzing large biological data sets requires making sense of the data by inferring structure or generalizations from the data.

However, the biggest challenge is to decide which data sets to archive and which to discard also known as data deluge. Global Bioinformatics market segmentation has been done on the basis of product type, sector, application, and geography.

Global bioinformatics market segmentation based on product type, molecular medicine segment dominated the market in 2016 with 30.0% market share while preventive medicine is anticipated to grow at a faster CAGR of 25% over the forecast period due to the increasing awareness about its key specialities like aerospace medicine. Bioinformatics market is largely dominated by North America with a market size of USD 5.89 billion in 2016. Europe is the second largest market for Bioinformatics as countries like Germany and the UK have huge bioinformatics market stimulated by the continuous R&D activities in the region.

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Market Segmentation

On the basis of our in-depth analysis, Global Bioinformatics Market can be segmented as follows:

By Product Type

• Platform
• Product & Services
• Molecular Medicine
• Preventive Medicine
• Sequence analysis
• Sequence alignment
• Sequence manipulation
• Structural analysis
• Sequencing services
• Database and management
• Data Analysis
• Tools

By Sector

• Medical Bioinformatics
• Animal Bioinformatics
• Agricultural Bioinformatics
• Academics
• Other (Microbial Genome)

By Application

• Chemoinformatics and Drug Design
• Genomics
• Proteomics
• Transcriptomics
• Metabolomics
• Agriculture
• Environment
• Forensic Sciences

By Region

• North America Bioinformatics Market Analysis, 2016-2024
• Europe Bioinformatics Market Analysis, 2016-2024
• The Middle East And Africa Bioinformatics Market Analysis, 2016-2024
• Latin America Bioinformatics Market Analysis, 2016-2024
• Asia Pacific Bioinformatics Market Analysis, 2016-2024
• Rest Of The World Bioinformatics Market Analysis, 2016-2024

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“Bioinformatics Market Analysis” contains a detailed overview of the global bioinformatics market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by analysis, the market can be segmented in terms of market segmentation by product type, sector, application, and geography.

The Global Bioinformatics Market Report highlights the competitive outlook of major global players that includes business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of bioinformatics market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global bioinformatics market discussed in the report are illuminating, Waters Corporation, Agilent Technologies, Inc, Thermo Fisher Scientific Inc., Sencel bioinformatics, S.A.F.A.N. Bioinformatics SAS, Bio via, Regeneron Pharmaceuticals, Biomax Informatics AG, Qiagenn.v., Inc, Geneva Bioinformatics SA, Norway bioinformatics SLU, etc.

Further, the Global Bioinformatics Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Bioinformatics Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides the complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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