Global Bioinformatics Market Has Accounted for USD 5.6 Billion in 2015; a New Report by Data Bridge Market Research

Global Bioinformatics Market By Industry (Molecular Medicine, Drug Development, Clinical Diagnostics, Agriculture, Forensic, Animal, Academics & Research, Environmental, Gene Therapy), By Product Type (Sequencing Platforms, Knowledge Management Tools, Bioinformatics Software), By Application, By Services (Data Analysis, Sequencing, Database integration, Others), By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) – Trend and Forecast to 2022

Dallas, TX, June 01, 2016 --(PR.com)-- According to Data Bridge Market Research new Market report “Global Bioinformatics Market By Industry (Molecular Medicine, Drug Development, Clinical Diagnostics, Agriculture, Forensic, Animal, Academics & Research, Environmental, Gene Therapy), By Product Type (Sequencing Platforms, Knowledge Management Tools, Bioinformatics Software), By Application (Preventive Medicine, Molecular Medicine, Genomics, Drug Development, Transcriptomics, Others), By Services (Data Analysis, Sequencing, Database integration, Others), By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) – Trend and Forecast to 2022”, has accounted for USD 5.6 billion in 2015 and is expected to reach USD 16.7 billion by 2022, growing at a CAGR of 16.8% in the forecasted period 2016 to 2022.

Report URL: http://databridgemarketresearch.com/reports/global-bioinformatics-market/

The global bioinformatics market is expected to experience a surging growth in the near future. The driving factors for this market are increasing government initiatives and funding, and growing use of bioinformatics in drug discovery and biomarkers development processes. However, shortage of trained research personnel required for proper use of bioinformatics tools, and non-availability of platforms to integrate large datasets produced by bioinformatics is expected to offset the growth of this market.

Based on geography the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to large investments in public and private research for drug developments and gene therapy. China and, India among some other developing nations is expected to grow at the highest CAGR due to large private multinationals investing in healthcare development in these countries.

Some of the major players operating in this market are Illumina, Inc., DNAnexus, Inc., Qiagen, Thermo Fisher Scientific, Inc., Agilent Technologies, Dassault Systèmes, Geneva Bioinformatics (Genebio) SA, Integromics S.L., Perkinelmer, Inc., Applied Biological Materials (ABM) among others.

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