Press release
"Bioinformatics Market Projected to Surge to $27.98 Billion by 2030"
Meticulous Research®, a leading global market research company, has recently published a comprehensive research report titled "Bioinformatics Market by Solutions & Services (Knowledge Management, Platforms, Sequence Analysis, Services, Data Analysis), Application (Genomics, Metabolomics, Transcriptomics), Industry (Healthcare, Veterinary, Agriculture) Global Forecast to 2030." According to this report, the bioinformatics market is expected to witness significant growth, with a projected CAGR of 13.3% from 2023, reaching $27.98 billion by 2030.Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5731
The growth of the bioinformatics market can be attributed to various factors such as the expansion of the biotech and pharmaceutical industries, initiatives supporting genomics research, and the increasing demand for novel drugs and drug molecules. However, challenges like interoperability limitations in analytical platforms due to diverse data types remain a concern for market growth.
The report also highlights untapped markets in emerging economies, the growing clinical applications of genomic technologies, and the increasing adoption of bioinformatics in agriculture as potential growth opportunities. Despite these opportunities, issues related to data privacy, confidentiality concerns, and the shortage of skilled bioinformaticians are key challenges faced by market stakeholders.
Key Players and Market Segmentation:
Key players in the bioinformatics market include Illumina, Inc., Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd., Qiagen N.V., Agilent Technologies, Inc., Dassault Systèmes SE, and others.
TOP 10 COMPANIES IN BIOINFORMATICS MARKET >> https://meticulousblog.org/top-10-companies-in-bioinformatics-market/
The bioinformatics market is segmented based on solutions & services, application, and industry. The solutions & services segment includes knowledge management software, bioinformatics platforms, and services such as data storage & database management services and data analysis services. Genomics, chemoinformatics, proteomics, transcriptomics, metabolomics, and other applications constitute the application segment. Industries served include healthcare, agriculture, veterinary, and others.
Geographic Analysis:
Geographically, North America is expected to dominate the bioinformatics market in 2023, followed by Europe and Asia-Pacific. Factors contributing to North America's leadership position include favorable government initiatives, growing applications of genomic research, declining sequencing costs, increased research investments by pharmaceutical companies, and the adoption of precision medicine in cancer treatment.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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