Global Bioinformatics Market is Estimated to Reach $14 Billion by 2025, Says Accurize Market Research
Global Bioinformatics Market report published by Accurize Market Research forecast that the global market is expected to reach $14 billion by 2025; growing at a CAGR of 14% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising demand for nucleic acid in addition to protein sequencing and the increasing applications of bioinformatics in drug discovery and personalized medicine to drive the growth of the market
Rising demand for nucleic acid in addition to protein sequencing and the rising applications of bioinformatics in drug discovery, clinical diagnostics, and personalized medicine fuels the demand for the global bioinformatics market. Furthermore, precise standards and common formats for data integration also boost the growth of the market.
The global bioinformatics market has been bifurcated on the basis of data analysis & software, sequencing applications, data processing & storage, and geography. On the basis of data analysis & software, the market includes data analysis softwareand bio-simulation models. The bioinformatics market by data processing& storage includes data as a service, infrastructure as a service, information technology infrastructure and others. By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Top players in the market
The key players operational in the market includesGeneva Bioformatics (Genebio) Sa, GenologicsLifesciences Software, Inc., Genomatix Software Gmbh, Gns Healthcare, Inc., Personalis Inc., QlucoreAb, Real Time Genomics Inc., Smartgene Services Sarl, Gvk Biosciences Private Ltd., Inte:Ligand Software Entwicklungs Und Consulting Gmbh and Illumina, Inc.among others.
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