The global bioinformatics market is expected to exhibit a CAGR of 19.8% over the forecast period from
2016 to 2022, according to a new research report from Market Research Future (MRFR). The global
bioinformatics market is mainly driven by the growing demand in developing countries in enhancing
their healthcare sector and making advanced healthcare modalities available to patients.
The growing demand for electronic healthcare data storage is likely to be a major driver for the global
bioinformatics market. The reliance on manual and paper-based documentation of healthcare
procedures has resulted in unmanageable volumes of healthcare information, which can make it difficult
to locate individual patients and their medical history. Electronic healthcare records, which are but the
first step of the bioinformatics market, have already become widely popular in developed countries due
to the benefits they present in terms of consistent data storage over the long term and ease in acquiring
specific details at any given time. The growing demand for e-prescriptions and online pharmacies is
likely to further the cause of the bioinformatics market over the forecast period, as strong
bioinformatics networks are needed to operate and manage e-prescriptions and the related
documentation.
2016 to 2022, according to a new research report from Market Research Future (MRFR). The global
bioinformatics market is mainly driven by the growing demand in developing countries in enhancing
their healthcare sector and making advanced healthcare modalities available to patients.
The growing demand for electronic healthcare data storage is likely to be a major driver for the global
bioinformatics market. The reliance on manual and paper-based documentation of healthcare
procedures has resulted in unmanageable volumes of healthcare information, which can make it difficult
to locate individual patients and their medical history. Electronic healthcare records, which are but the
first step of the bioinformatics market, have already become widely popular in developed countries due
to the benefits they present in terms of consistent data storage over the long term and ease in acquiring
specific details at any given time. The growing demand for e-prescriptions and online pharmacies is
likely to further the cause of the bioinformatics market over the forecast period, as strong
bioinformatics networks are needed to operate and manage e-prescriptions and the related
documentation.
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The growing demand for strong data storage facilities in medical research is also likely to be a major
driver for the global bioinformatics market. Bioinformatics plays a key role in genetic studies, in which it
helps track details regarding multiple genes and their multifarious associations with the indicators being
studied in the respective trial. The growing dependence on genetic studies in cancer research is likely to
be a major driver for the global bioinformatics market over the forecast period, as cancer research has
received strong government backing across the world. Other medical research applications are also
likely to make use of bioinformatics systems on a large scale in the coming years, leading to steady
growth of the global bioinformatics market over the forecast period.
Competitive Analysis:
Leading players in the global bioinformatics market include Agilent Technologies, Qiagen N.V., Dassault
Systemes, Thermo Fisher Scientific Inc., and Illumina Inc.
Segmentation:
The global bioinformatics market is segmented on the basis of application, service, sector, and region in
the MRFR report in order to provide a comprehensive coverage of all important factors related to the
market’s growth prospects over the forecast period.
The bioinformatics market has been segmented on the basis of application into genomics,
chemoinformatics, drug design, transcriptomics, molecular phylogenetics, proteomics, metabolomics,
DNA sequences, and others. Increasing interest in genetic studies is likely to be a major driver for the
global bioinformatics market over the forecast period.
On the basis of services and technology, the global bioinformatics market is segmented into data
warehousing, sequence analysis, sequence manipulation, and others.
The growing demand for strong data storage facilities in medical research is also likely to be a major
driver for the global bioinformatics market. Bioinformatics plays a key role in genetic studies, in which it
helps track details regarding multiple genes and their multifarious associations with the indicators being
studied in the respective trial. The growing dependence on genetic studies in cancer research is likely to
be a major driver for the global bioinformatics market over the forecast period, as cancer research has
received strong government backing across the world. Other medical research applications are also
likely to make use of bioinformatics systems on a large scale in the coming years, leading to steady
growth of the global bioinformatics market over the forecast period.
Competitive Analysis:
Leading players in the global bioinformatics market include Agilent Technologies, Qiagen N.V., Dassault
Systemes, Thermo Fisher Scientific Inc., and Illumina Inc.
Segmentation:
The global bioinformatics market is segmented on the basis of application, service, sector, and region in
the MRFR report in order to provide a comprehensive coverage of all important factors related to the
market’s growth prospects over the forecast period.
The bioinformatics market has been segmented on the basis of application into genomics,
chemoinformatics, drug design, transcriptomics, molecular phylogenetics, proteomics, metabolomics,
DNA sequences, and others. Increasing interest in genetic studies is likely to be a major driver for the
global bioinformatics market over the forecast period.
On the basis of services and technology, the global bioinformatics market is segmented into data
warehousing, sequence analysis, sequence manipulation, and others.
On the basis of sector, the bioinformatics market is segmented into medical bioinformatics, animal
bioinformatics, agriculture bioinformatics, and others. Medical bioinformatics is likely to dominate the
global bioinformatics market over the forecast period due to the increasing government support for the
use of bioinformatics modalities in clinical decision making and research.
Regional Analysis:
The global bioinformatics market is segmented by region into the Americas, Europe, Asia Pacific, and the
Middle East and Africa. The global bioinformatics market is dominated by the Americas and Europe in
terms of region due to the presence of strong telecommunications infrastructure in these regions to
support advanced bioinformatics processes. The presence of a strong wireless internet and other
telecommunication features is crucial for a bioinformatics system to function productively. This has
actually been one of the key factors that has held back the bioinformatics market in underdeveloped
regions.
In April 2019, researchers from UCLA announced a plan to develop a system that would allow scientists
in developing countries to use cloud computing and big data analytics to accelerate the development of
the bioinformatics field in their own countries. Efforts such as these are the result of the growing
awareness of the disparity in terms of telecommunications infrastructure between developed and
developing countries.
Asia Pacific is likely to exhibit the fastest growth over the forecast period due to the increasing efforts
from governments in the region to incorporate powerful bioinformatics programs into the day-to-day
functioning of their country’s healthcare sector.
bioinformatics, agriculture bioinformatics, and others. Medical bioinformatics is likely to dominate the
global bioinformatics market over the forecast period due to the increasing government support for the
use of bioinformatics modalities in clinical decision making and research.
Regional Analysis:
The global bioinformatics market is segmented by region into the Americas, Europe, Asia Pacific, and the
Middle East and Africa. The global bioinformatics market is dominated by the Americas and Europe in
terms of region due to the presence of strong telecommunications infrastructure in these regions to
support advanced bioinformatics processes. The presence of a strong wireless internet and other
telecommunication features is crucial for a bioinformatics system to function productively. This has
actually been one of the key factors that has held back the bioinformatics market in underdeveloped
regions.
In April 2019, researchers from UCLA announced a plan to develop a system that would allow scientists
in developing countries to use cloud computing and big data analytics to accelerate the development of
the bioinformatics field in their own countries. Efforts such as these are the result of the growing
awareness of the disparity in terms of telecommunications infrastructure between developed and
developing countries.
Asia Pacific is likely to exhibit the fastest growth over the forecast period due to the increasing efforts
from governments in the region to incorporate powerful bioinformatics programs into the day-to-day
functioning of their country’s healthcare sector.
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