The global bioinformatics market is projected to reach USD 16.18 billion by 2021 from USD 6.21 billion in 2016, growing at a CAGR of 21.1% during the forecast period.
In this report, the bioinformatics market is broadly segmented on the basis of sector, products and services, application, and region. Factors such as the growing demand for nucleic acid and protein sequencing, increasing initiatives from government and private organizations, growing application of bioinformatics, and improved collaborative ties between companies and research institutes are driving the growth of the bioinformatics market.
North America is expected to account for the largest share of the bioinformatics market in 2016. Factors such as the increasing demand for bioinformatics across genomics and proteomics research, technological advancements, increasing research funding, and presence of a large number of market players and research institutes are propelling the growth of the market in North America. The APAC bioinformatics market is expected to register the highest CAGR of 22.3% in the next five years. Increasing research outsourcing to emerging countries by pharmaceutical giants for cost saving and increasing application of genomics in biotechnology and pharmaceutical research are contributing to the high growth of the APAC bioinformatics market during the forecast period.
- Agilent Technologies
- Applied Biological Materials (ABM)
- Biomax Informatics Ag
- DNAnexus, Inc.
- ID Business Solutions Ltd.
- Illumina, Inc.
- Perkinelmer, Inc.
- Qiagen N.V.
- Thermo Fisher Scientific Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Bioinformatics Market, By Sector
7 Bioinformatics Market, By Products & Services
8 Bioinformatics Market, By Application
9 Bioinformatics Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/5g7vpg/bioinformatics