Market Analysis and Insights : Asia-Pacific Bioinformatics Market
The Asia-Pacific bioinformatics market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing at a CAGR of 14.1% in the forecast period of 2021 to 2028 and is expected to reach USD 6,027.13 million by 2028. Rising need for integrated bioinformatics in proteomic, genomic, and clinical diagnostic is boosting the market growth.
Bioinformatics is a sub-discipline of biology and computer science concerned with acquisition, storage, analysis, and dissemination of biological data, most often DNA and amino acid sequences. Bioinformatics uses computer programs for a variety of applications including determining gene and protein functions, establishing evolutionary relationships, and predicting three-dimensional shapes of proteins. Bioinformatics creates databases for biology, biotechnology, and related fields, such as protein sequence libraries as well as analysis software, which are used by researchers to study the structure of genes and proteins. The implementation of different bioinformatics tools and computational algorithms facilitates advanced statistical analysis and data interpretation of huge research data, which helps to achieve the potential benefits of human genome project by proper nucleotide sequencing, thereby creating a database of the information generated. They are widely used in different applications such as healthcare, drug discoveries, proteomics, veterinary research, microbiology research, and others.
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The bioinformatics market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the bioinformatics market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Competitive Landscape and Asia-Pacific Bioinformatics Share Analysis
Bioinformatics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the company’s focus related to bioinformatics market.
Some of the major players operating in the Asia-Pacific bioinformatics market are Thermo Fisher Scientific Inc., Illumina, Inc., Agilent Technologies, Inc., QIAGEN, BGI, INSILICOGEN, INC., PerkinElmer Inc., Innoplexus, Eurofins Scientific, WATERS, SOPHiA GENETICS, Partek, Incorporated, DNASTAR, DASSAULT SYSTEMES, DNANEXUS, INC., Geneious, Syntekabio, Inc., Strand Life Sciences, Quest Diagnostics Incorporated, Vishuo Biomedical Pte. Ltd., and Accely Group among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Increasing Initiatives from Governments and Private Organizations is Boosting the Growth of Asia-Pacific Bioinformatics market.
The Asia-Pacific bioinformatics market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
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Asia-Pacific Bioinformatics Market Scope and Market Size
· On the basis of type, the Asia-Pacific Bioinformatics market is segmented into sequencing platforms, knowledge management tools, bioinformatics software, and services. In 2021, sequencing platforms segment is expected to dominate due to the increase in the range of significant tasks such as analysis of gene variation and expression, analysis and prediction of gene, and protein structure.
· On the basis of sector, the Asia-Pacific bioinformatics market is segmented into medical biotechnology, academics, animal biotechnology, and forensic biotechnology. In 2021, medical biotechnology segment is expected to dominate due to rise in research methodologies in the area of biotechnology that include automatic genome sequencing, gene identification, and drug development.
· On the basis of application, the Asia-Pacific bioinformatics market is segmented into preventive medicine, molecular medicine, personalized medicine, genomics & drug development, cheminformatics and drug design, proteomics, antibiotic resistance, evolutionary studies, waste cleanup, veterinary science, transcriptomics, metabolomics, and others. In 2021, Genomics & drug development segment is expected to dominate owing to increase in opportunities and potential implication of genomics and pharmacogenomics in clinical research.
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