Explore bioinformatics market expects North America to be key future growth driver till 2022 – WhaTech

Bioinformatics can be described as a field which develops various protocols and software tools to make sense of or glean insights from biological data. Bioinformatics tools utilize the relevant aspects of fields like computer science, engineering,., to break down and make sense of biological information.

Various offshoots of bioinformatics research, like computational biology, have gained a very positive following and are being increasingly used in various branches of biology. The future of bioinformatics programs seems to be heading toward the integration and maintenance of bioinformatics databases with the development and discovery of next generation drugs.

Scope & Regional Forecast of the Bioinformatics Market

The Bioinformatics Market considers the prime growth drivers to be a few factors like: extensive usage of bioinformatics analysis in understanding genomic patterns contained within DNA; usage of bioinformatics technology to analyze and breakdown the structure of various proteins; bioinformatics companies being able to gradually integrate their services into the healthcare infrastructure; improvements being made to bioinformatics research as a result of innovations in data analytics as well as cloud computing.

The Bioinformatics Market revenue is expected to cross the $16 billion mark in 2022 and will also be accompanied by a CAGR of 20.83%. The sectors which are currently showing plenty of potential for future advances are drug creation, gene therapy, animal bioinformatics,. North America currently holds the highest share in the Bioinformatics Market and is also predicted to exhibit the fastest growing growth during the forecast period.

This dominance will be largely due to growing investment in healthcare taking place in the region.

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Segmentations & Key Players Involved in the Bioinformatics Market

The Bioinformatics Market can be broken down into various segmentations on the basis of -

Product: Bioinformatics Platforms (Sequence Analysis, Sequence Alignment, Sequence Manipulation, Structural & Functional Analysis), Knowledge Management Tools (Generalized Knowledge Management Tools, Specialized Knowledge Management Tools) and Services (Data Analysis Services, Database Management Services).

Application: Genomics, Proteomics, Transcriptomics, Metabolomics, Molecular Phylogenetics, Chemoinformatics & Drug Design and Others.

Sector: Medical bioinformatics, Drug Development, Clinical Diagnostics, Molecular Medicine, Gene Therapy, Reproductive Biotechnology, Animal Bioinformatics, Agricultural Bioinformatics, Environmental Bioinformatics, Forensic Bioinformatics, Academics and Others.

Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.

Some of the key players involved in the Bioinformatics Market are as follows:

Thermo Fisher Scientific Inc.

Agilent Technologies Inc.

Dassault Systemes Biovia Corp

Applied Biological Materials (ABM)

Biomax Informatics Ag

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* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.

* Identifies growth sectors and factors driving or constraining the market.

* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.

* The study includes the demand of this particular market on a global and regional scale for a six year period of 2017 - 2022, to assess how the market will develop.

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Explore bioinformatics market expects North America to be key future growth driver till 2022 - WhaTech