Bioinformatics Market Size, Trends, Shares, Insights, and Forecast - 2027


Posted September 21, 2020 by tejasa

Bioinformatics software and tools are being used as integrated solutions that provide algorithms and statistical procedures for data analysis and integration.

 
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Bioinformatics is defined as the combination of biology and information technology. Computer software tools are used in bioinformatics for creation, management and development of database. It is also used in data warehousing, data mining and communication networking. In addition, it is widely used in the management of biological information in the field of medical research and development of drugs.
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Bioinformatics software and tools are being used as integrated solutions that provide algorithms and statistical procedures for data analysis and integration. Bioinformatics is used in data warehousing, data mining and communication networking along with management of biological information in the field of medical research and development of drugs. Major advantages associated with the use of bioinformatics in healthcare industry comprises of convenient and accurate verification of biological data, and storage and access to a large amount of data. Increasing adoption of bioinformatics in pharmaceutical industry along with increasing investment in research and development is anticipated to propel the market growth during the forecasted period.
Significant growth in the pharmaceutical sector is expected to propel growth of the global bioinformatics market over the forecast period. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe was valued at US$ 139, 287 million in 2000, which increased to US$ 284, 028 million (est.) in 2018.
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Table of Contents
1. Research Objectives and Assumptions
◦ Research Objectives
◦ Assumptions
◦ Abbreviations
2. Market Purview
◦ Report Description
▪ Market Definition and Scope
◦ Executive Summary
▪ Market Snippet, By Drug Type
▪ Market Snippet, By Distribution Channel
▪ Market Snippet, By Region
◦ Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
◦ Market Dynamics
▪ Drivers
▪ Restraints
▪ Market Opportunities
◦ Impact Analysis
◦ Market Trends
◦ Regulatory Scenario
◦ Reimbursement Scenario
◦ Epidemiology
◦ PEST Analysis
◦ Recent Product Launch
◦ Merger and Acquisition Scenario
Top players in the market
Major players in the global bioinformatics market are focused on R&D to expand their product portfolio. For instance, in June 2020, Intomics announced that the company is a part of the newly funded translate project on personalized diabetes treatment. As part of the TRANSLATE project funded by the Innovation Fund Denmark, Intomics will develop a new software platform facilitating personalised treatment of diabetes patients.
Research methodology adopted by Coherent Market Insights
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
• Primary Research (Trade Surveys and Experts Interviews)
• Desk Research
• Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
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Last Updated September 21, 2020