Globally, the Bioinformatics Platforms Market is expected to expand at a significant CAGR over the next few years due to its growing scope and applications. Key factors such as increasing prevalence of various chronic diseases, rising initiatives from public and private organizations, and ongoing research on drug development and discovery are expected to drive global market growth during the forecast period.
Bioinformatics is an interdisciplinary field of biology and computer science that develops innovative methods and software for understanding the acquisition, analysis, and storage of large volumes of biological data. Over recent years, the demand for bioinformatics platform tools is rapidly increasing to cater to rising volumes of genome sequencing and the need for better tools for drug development. These platforms combine statistical analysis modules for faster and easier analysis and integration of big data.
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Factors such as increasing demand for better bioinformatics tools, high usage of bioinformatics platforms for drug discovery and development, microbiology research and genomics, and rising number of applications in bioinformatics are expected to drive global market growth during the forecast period.
However, high cost of bioinformatics platforms with advanced features, inaccessibility to advanced platforms due to shortage of funds in small and medium biotechnology and pharmaceutical companies, and rising concerns about patient data secrecy are expected to hamper global market growth during the forecast period.
Sequence Manipulation Platforms Segment To Register Rapid Revenue CAGR:
The sequence manipulation platforms segment is expected to register rapid revenue CAGR between 2017 and 2028. This can be due to increasing need for aligning similar sequence regions among 3 or more DNA, RNA, or protein sequences, availability of various sequence manipulation platforms, and rising investments in the development of more advanced and faster sequence manipulation platforms.
Drug Development Segment to Account for Significant Revenue Share:
The drug development segment is expected to account for significant revenue share over the forecast period. This can be attributed to increasing prevalence of chronic diseases and rare disorders across the globe, rising investments in developing novel drugs, and high usage of bioinformatics platforms for increasing efficiency and safety in drug development and discovery.
North America to Account for Largest Revenue Share:
North America is expected to lead in terms of revenue share in the global market during the forecast period. Factors such as increasing prevalence of various chronic diseases, rapid advancements in bioinformatics platforms, ongoing research on developing novel drugs, and presence of leading market players are expected to drive North America market growth going ahead.
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Bioinformatics Platform Market By Company:
ID Business Solutions
GenoLogics Life Sciences
For the purpose of this report, Xcellent Insights has segmented the bioinformatics platforms market based on type, application and region:
Military Hydration Products Market Segment by Type:
Sequence Analysis Platforms
Sequence Alignment Platforms
Sequence Manipulation Platforms
Structural and Functional Analysis Platforms
Military Hydration Products Market Segment by Application:
Protein Function Analysis
Military Hydration Products Market Segment by Region:
Rest of Asia
Rest of Latin America
Middle East & Africa
Rest of MEA
Key Reasons to Purchase:
Estimates 2023 to 2028 Bioinformatics Platforms Market current market trends and development trends
Market dynamics along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the Bioinformatics Platforms Market
Competitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five years
Comprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market players
Brief about impact of COVID-19 on the global Bioinformatics Platforms market
Key Questions Addressed:
What revenue CAGR is the global market expected to register during the forecast period?
Which key players are leading in the global Bioinformatics Platforms Market?
What is the expected market size of the global Bioinformatics Platforms Market between 2023 and 2028?
What factors are expected to open new growth avenues and opportunities for existing and emerging market players?
What are some of the key challenges that the global market is expected to face during the forecast period?
Which region is expected to account for largest revenue share over the forecast period?
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