Press release
The Bioinformatics Market to grace digital transformation curve at a CAGR of 20.4%
One of the major drivers of the bioinformatics market is the increasing use of genomics in drug discovery. The ability to analyze and interpret large amounts of genomic data has made it possible to identify genetic factors that contribute to the development of various diseases, leading to the development of targeted therapies. This has led to an increase in the demand for bioinformatics tools and services in the pharmaceutical industry.
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Company Profiles:
Illumina, Inc.
Thermo Fisher Scientific
Strand Life Sciences, Inc.
CD Genomics
Biomax Informatics AG
DNANEXUS, INC.
Agilent Technologies, Inc.
QIAGEN N.V.
Gene Codes Corporation
BGI Group
Gene Code Corporation
PerkinElmer Inc.
Premier Biosoft
Biomatters Geneious
Creative-Biolabs
DNASTAR
GSL Biotech LLC (SnapGene)
FIOS Genomics
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Europe Witnessed the Fastest Growth and is Expected to Continue Throughout Forecast Period
The COVID-19 outbreak had an impact on the European bioinformatics industry since healthcare services were drastically diverted as a result of social distancing measures implemented by several governments around the world. Several research institutions, and biotech and pharmaceutical companies in the European region are focusing their efforts on developing technologies that will allow for a faster and more reliable diagnosis of COVID-19.
There is also a lot of research being conducted to make considerable use of sequencing technology. Apart from this, the bioinformatics market is likely to be driven by a huge number of healthcare investments in the European region. Furthermore, the growing use of IoT technologies in this sector is expected to favorably benefit regional market growth. The bioinformatics market in this region is likely to be primarily dominated by key countries such as the United Kingdom, France, and Italy.
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