Bioinformatics is an amalgamation of biology and information technology, which uses software to link biological data with techniques for information storage, distribution and analysis to support multiple areas of scientific research, including biomedicine.
The Bioinformatics Market is anticipated to grow in the forecast period owing to driving factors such as rise in need for integrated data, growing demand for nucleic acid & protein sequencing due to reduction in sequencing cost, increase in application of proteomics & genomics, drug discovery & development and initiatives from government and private organization. Nevertheless, lack of skilled work force, common data formats and lack of user friendly tools at cheaper prices are projected to hamper the market growth during the forecast period.
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The Prominent/Emerging Players in the Bioinformatics Market Research include:
Agilent Technologies, Inc
Biomax Informatics Ag
The global Bioinformatics Market is segmented on the basis of Product, Application and Sector. Based on Product the market is segmented into Knowledge Management Tools, Bioinformatics Platforms and Bio informative Services. Based on Application the market is segmented into Genomics, Chemo informatics & Drug Design, Proteomics, Transcriptomics, Metabolomics and Others. Based on Sector the market is segmented into Medical Biotechnology, Academics, Animal Biotechnology, Agricultural Biotechnology, Environmental Biotechnology, Forensic Biotechnology and Others.
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
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