Asia-Pacific (APAC) Bioinformatics Market, By Type of Sector (Animal Biotechnology, Environmental Biotechnology, Agriculture Biotechnology, Forensic Biotechnology, Medical Biotechnology, Academics, Others), Application (Proteomics, Transcriptomics, Molecular Phylogenetics, Chemoinformatics, Drug Design & Genomics), Products & Services (Bioinformatics Platforms, Knowledge Management Tools & Bioinformatics Services), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Market Analysis and Insights : Asia-Pacific (APAC) Bioinformatics Market
Bioinformatics market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to growing with the CAGR of 19.40% in the above-mentioned forecast period. Growing demand for nucleic acid and protein sequencing and introduction of new technology in the field is driving the market growth.
Bioinformatics is a vital component in research and introduction of new concepts for diagnosis and therapy, as well as in clinical practice which are usually applied to treat patient. Bioinformatics is the field where biological data is converted into the manner in which new software methods can be developed. It is an interdisciplinary field comprising of computer science, mathematics, engineering, and statics to analyse and interpretation of biological information. Generally data is related to from the text and in gene ontology to name and organize data.
Bioinformatics is increasingly being used for the purpose of mutation of DNAs for finding effective ways of diagnosis of diseases. Increasing demand for better treatment is driving the market growth. Whereas recent reduction in cost and initiative from government and several other research institutes in field of bioinformatics to perform studies in sequencing is also driving factor for market growth. Advancement in technology has increased the volume of research work whereas it has decreased cost also.
Shortage of skilled professional and lack of knowledge in field is the biggest restraining factor for market whereas the handling of huge amount of healthcare data is also creating risk of breach. Additionally lack of standardization for accurate results is also hampering market. There is huge gap in segments like agriculture, drug development due to lack of proper knowledge. However several big companies are investing huge amount to reduce this gap. There are many unmet medical needs which can be fulfilled through bioinformatics which can produce lucrative opportunities for market in forecast period.
This bioinformatics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on bioinformatics market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bioinformatics Market Scope and Market Size
Bioinformatics market is segmented on the basis of type of sector, products & services, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type of sector, the bioinformatics market is segmented into animal biotechnology, environmental biotechnology, agriculture biotechnology, forensic biotechnology, medical biotechnology, academics and others
- Based on application, the bioinformatics market is segmented into proteomics, transcriptomics, molecular phylogenetics, chemoinformatics, drug design & genomics
- On the products & services, the bioinformatics market is segmented into bioinformatics platforms, knowledge management tools & bioinformatics service
Bioinformatics Market Country Level Analysis
Bioinformatics market is analysed and market size insights and trends are provided by country, type of sector, application, and products & services as referenced above.
The countries covered in the bioinformatics market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific
Asia-Pacific is anticipated to be fastest growing region in market owing to factor increasing usage of gene sequencing in diagnosis of cancer mutation, scientists searching for the genetic mutation that affects plants or animal characteristics requires massive amount of biological data. Moreover increasing government initiatives, funding and rising usage of bioinformatics in drug discovery and biomarker development process will also augment the growth. Additionally developing economies such as China and India are going to be fastest growing market due to rising economies and increasing medical tourism.
The country section of the bioinformatics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Bioinformatics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for bioinformatics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the bioinformatics market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Bioinformatics Market 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bioinformatics market.
The major players operating in the bioinformatics market report are Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Affymetrix, Applied Biological Materials Inc., Illumina, Inc., QIAGEN, Biomax Biotechnics, DNANEXUS, Water corporation, Genebio, Integromics, Inc., PerkinElmer Inc., Partek, BGI, Dassault systems. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.