ALL >> Business >> View Article
Bioinformatics Market Is Expected To Reach $21.8 Bn By 2026: Covid Impact, Opportunities, Trends And Forecast
The growth factors for the bioinformatics market include the rising demand for nucleic acid and protein sequencing, rising initiatives from private and government organizations, accelerating growth of proteomics and genomics, and rising research on molecular biology and drug discovery. Owing to the above factors, the global bioinformatics market is expected to experience rapid growth during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39
Bioinformatics Market
The global bioinformatics market is projected to reach USD 21.8 billion by 2026 from USD 10.7 billion in 2021, at a CAGR of 15.2% during the forecast period.
Growth of the bioinformatics market is driven by the growing demand for nucleic acid and protein sequencing, increasing government initiatives and funding, and increasing use of bioinformatics in drug discovery and biomarker development processes.
Bioinformatics Market by Product & Service (Knowledge Management Tools, Data Analysis Platforms, Structural Analysis, Functional Analysis, Services), Applications (Genomics, Proteomics), ...
... & Sector (Medical, Animal, Agricultural) – Global Forecast to 2026
The Bioinformatics Market is Segmented on:
1. Product & Service
2. Applications
3. Sectors
Browse Complete Report along with TOC @ https://www.marketsandmarkets.com/Market-Reports/bioinformatics-39.html
By Product and Services, bioinformatics platforms segment is expected to be the fastest-growing segment in the forecast period
Knowledge management tools commanded the largest market share in the global bioinformatics market in 2018, while the bioinformatics platforms segment is expected to be the fastest-growing segment in the forecast period. The major factor driving growth of bioinformatics platforms is their growing use in various genomic applications.
By Application, the metabolomics segment is expected to grow at the highest CAGR during the forecast period
Factors such as the availability of research funding and government support are fueling market growth. However, metabolomes cannot be easily identified or figured from reconstructed biochemical pathways due to enzymatic diversity, substrate ambiguity, and difference in regulatory mechanisms.
By Sector, medical biotechnology segment is expected to grow at the highest CAGR during the forecast period
Various pharmaceutical companies are increasingly adopting bioinformatics tools to decrease the cost and time involved in drug discovery.
Bioinformatics approaches for target discovery and validation are proving more efficient than traditional methods. With the help of bioinformatics tools, much of the information regarding drug candidates is validated at a molecular level, which tends to reduce drug attrition rate in the later stages of drug development.
What Drives the Market?
The growth of the Drug Screening Market is primarily influenced by the following factors:
Growing Demand for Nucleic Acid and Protein Sequencing Due to Reduction in Sequencing Cost and Technological Advancement
Initiatives From Government and Private Organizations
Growing Applications of Bioinformatics
Number of Collaborations Between Companies and Research Institutes
Key Questions Addressed in The Report:
Who are the major market players in the bioinformatics market?
What are the growth trends and the largest revenue-generating region for bioinformatics?
How are bioinformatics products and services sold to customers?
What are the major segments in bioinformatics market?
What are the driving, restraining, opportunistic, and challenging factors for this market?
Request Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=39
Add Comment
Business Articles
1. Military Spring Snap Hooks | Buckles InternationalAuthor: Buckles International
2. Fast Cash Loans Online: An Enticing Combination Of Features
Author: Lucy Lloyd
3. Why Retail Billing Software Is Essential For Modern Retail Businesses
Author: Ginesys
4. Top Quality Kvak Bird Food From Feather Incorporation
Author: Kvak bird food
5. Easy & Quick Short Term Loans Online To Make Your Life Easier
Author: Robert Miller
6. Luxury Wedding Cars: The Perfect Touch For Your Big Day
Author: Andy
7. Unlock Growth Opportunities With The Booming Mena Bpo Market
Author: Andy
8. Top 10 Website Development Company In India
Author: Karthika
9. Efficient Online Petrol Pump Software For Modern Fuel Management
Author: Rupasri
10. Why Is Financial Reporting Crucial For The Success Of Small Businesses?
Author: Bappaditta Jana
11. How Iso 27001 Consultancy In Telangana Helps Mitigate Cybersecurity Risks
Author: Qadit
12. The Importance Of Iso 27001 Consultancy In Telangana
Author: Qadit
13. The Importance Of Strategic Finance In Today's Business!
Author: Bappaditta Jana
14. Make Restaurant Management Easier With Our Restosoft-restaurant Billing Software
Author: restosoft
15. Osumare: The Best Seo Company In Delhi
Author: Anushka