Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Bioinformatics is an interdisciplinary research area of health information, data and knowledge area. The bioinformatics is majorly used to analyze the enormous biological data bases including nucleotide, amino acids sequences, protein domain and protein structures. In healthcare bioinformatics is majorly used as these tools are used to process genetics and proteomics data and compare with health care data. Also, the introduction of new technologies in bioinformatics is expected to further provide significant opportunities to manufacturers in bioinformatics market. Therefore increasing use of bioinformatics in discovery and development processes is fueling the growth of North America bioinformatics market
The key factor driving the growth of market are increasing demand for bioinformatics based application in drug discovery and bio markers development processes. Besides the advanced technological features and adoption of bioinformatics for DNA sequencing is expected to further fuel the demand in the region for the growth of bioinformatics market. Also, the bioinformatics has given free hands to the researchers and scientists to improve the public health, healthcare system and biomedical field thereby fueling the growth of market. North America been developed in advanced healthcare these bioinformatics makes task easy to take the decision regarding the treatment at the right time.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the bioinformatics market. In addition, complete analysis of changes on the bioinformatics market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the bioinformatics market was moderate as research and development was majorly focused on understanding how the virus triggers such different results. Thereby COVID-19 has created opportunity for bioinformatics market.
The bioinformatics market is segmented based on by product type, by service, by sector, by application and geography
The bioinformatics are available in different product types including sequencing platforms, bioinformatics software and knowledge management tools. Knowledge management tools is anticipated to lead in the market owing easy understanding approach to methods tools, and techniques often used in bioinformatics. Besides bioinformatics software is anticipated to witness growth at fastest rate during forecast period owing to widely use of software in drug discovery & development process.
Depending on service the bioinformatics market includes data analysis, sequencing and database integration. Database integration provides better collaboration and deployment, availability of real-time integrated data. Besides data integration helps in achieving better partnerships and customer relationships. On the other hand sequencing is led to rapid advancement advancements in next generation sequencing technologies.
The bioinformatics are available for various sector including medical biotechnology, academics, animal biotechnology, agricultural biotechnology, environmental biotechnology, forensic biotechnology. Medical biotechnology is projected to dominate in the North America Bioinformatics Market due to increasing application data analytics in healthcare. Further the growth of segment is augmented to organized way of storing and retrieving information which is more precise than the recall of a patient for details of the present medications and allergies. Also, innovating personalized medicine to analyses data from genome sequencing or microarray gene expression is expected to further drive the growth of market
Bioinformatics has its major application in genomics, metabolomics, proteomics, transcriptomics, chemo-informatics & drug designing .Genomics is expected to lead in the North America Bioinformatics Market attributing to increasing benefits of genomics in therapies that are tailored to meet patient’s specific needs. Further the genomics provides an advantage to access individual’s genetic code and for better treatment which is right for him or her, leading to better outcomes and lower costs. Whereas chemo-informatics is anticipated to grow at a significant rate during the forecast period.
North America bioinformatics market is studied for the following countries including U.S, Canada and Mexico. In North America bioinformatics market United States is expected to hold largest share and is expected to witness the highest during forecast period due to increasing applications of bioinformatics in drug discovery and development, and development of advanced technology features applications in bioinformatics and rising number of R&D activities. However, Canada is anticipated to grow at significant rate during the forecast period.
The key players in North America bioinformatics market are Thermo Fisher Scientific, Illumina, Perkinelmer, Inc., Agilent Technologies, Dnastar, Waters Corporation and Partek among others.
January 2021: Illumina announced the launch of a new integrated bioinformatics solution called Illumina Connected Analytics (ICA). The comprehensive cloud-based data platform allows customers to manage, analyse, and explore large volumes of multi omic data in a secure, scalable and flexible environment
November 2020: Champions oncology had announced the launch of lumin bioinformatics, its new oncology data-driven saas program.
October 2018: BioExcel had launched the new ELIXIR Community in Structural Bioinformatics 3D BioInfo.
The report analyses the global bioinformatics market based on by product type, by service, by sector, by application and geography. The bioinformatics are available in different product types including sequencing platforms, bioinformatics software and knowledge management tools. Depending on service the bioinformatics market includes data analysis, sequencing and database integration. The bioinformatics are available for various sector including medical biotechnology, academics, animal biotechnology, agricultural biotechnology, environmental biotechnology, forensic biotechnology. Bioinformatics has its major application in genomics, metabolomics, proteomics, transcriptomics, chemoinformatics & drug designing. North America bioinformatics market is studied for the following countries including U.S, Canada and Mexico.
The key players in North America bioinformatics market are Thermo Fisher Scientific, Illumina, Perkinelmer, Inc., Agilent Technologies, Dnastar, Waters Corporation and Partek among others.
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