Global Bioinformatics Market to Witness Exponential Growth, Driven by Reduction in Genetic Sequencing Costs, Projected to Grow by $8,535.52 Million by 2027


Dublin, July 19, 2023 (GLOBE NEWSWIRE) -- The "Global Bioinformatics Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.

The global bioinformatics market is poised for substantial growth in the forecast period of 2022-2027. According to the latest market report, the market is projected to grow by $8,535.52 million, accelerating at a CAGR of 13%. The report provides a comprehensive analysis of market trends, drivers, challenges, and vendor analysis.

Key Factors Driving the Bioinformatics Market Growth:

  • Reduction in the cost of genetic sequencing
  • Increasing demand for protein sequencing
  • Emerging techniques for genome analysis

Segmentation:

  • Application: Molecular phylogenetics, Transcriptomic, Proteomics, Metabolomics
  • Product: Platforms, Tools, Services
  • Geographical Landscape: North America, Europe, Asia, Rest of World (ROW)

Reasons to Purchase:

  • Cost-effective genetic sequencing methods driving market growth
  • Growing demand for protein sequencing in various research areas
  • Advancements in genome analysis techniques fueling market expansion
  • Development of sophisticated bioinformatics tools for Next-Generation Sequencing (NGS)
  • Increasing outsourcing activities for drug discovery
  • Rise of personalized medicine and its impact on bioinformatics demand

Leading Companies Mentioned in the Report:

  • Agilent Technologies Inc.
  • Azenta Inc.
  • Bio Rad Laboratories Inc.
  • Biomax Informatics AG
  • DNASTAR Inc.
  • Eurofins Scientific SE
  • Fios Genomics Ltd.
  • Genedata AG
  • Geneva Bioinformatics SA
  • Illumina Inc.
  • Partek Inc.
  • Perkin Elmer Inc.
  • Precigen Inc.
  • QIAGEN NV
  • Quest Diagnostics Inc.
  • Seven Bridges Genomics Inc.
  • Source BioScience
  • Thermo Fisher Scientific Inc.
  • Waters Corp.
  • ZS Associates Inc.

For more information about this report visit https://www.researchandmarkets.com/r/x85rcz

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

 

Contact Data