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

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