DUBLIN – (BUSINESS WIRE) – The report “Global bioinformatics market (2022-2027) by bioinformatics platform, applications, end user, geography, competition analysis and the impact of Covid-19 with Ansoff analysis” has been added ResearchAndMarkets.com sine Offering.
The global bioinformatics market is estimated to be USD 12.28 billion in 2022 and is estimated to reach USD 24.85 billion by 2027, growing by a CAGR of 15.14%.
Market dynamics are forces that influence the prices and behavior of the global bioinformatics market’s stakeholders. These forces create price signals that are a result of the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macroeconomic and microeconomic factors. There are other dynamic market forces than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.
As market dynamics affect supply and demand curves, decision makers aim to find the best way to use different financial tools to stem different strategies to accelerate growth and reduce risk.
Competitive quadrant
The report includes the Competitive Quadrant, a proprietary tool for analyzing and evaluating the position of companies based on their industry position and market performance score. The tool uses various factors to categorize the players into four categories. Some of these factors that are considered for analysis are financial results in the last 3 years, growth strategies, innovation scores, new product launches, investments, growth in market shares, etc.
Ansoff Analysis
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The report presents a detailed Ansoff matrix analysis for the global bioinformatics market. Ansoff Matrix, also known as Product / Market Expansion Grid, is a strategic tool used to design strategies for the company’s growth. The matrix can be used to evaluate approaches in four strategies, namely. Market development, market penetration, product development and diversification. The matrix is also used for risk analysis to understand the risks associated with each approach.
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The report analyzes the global bioinformatics market using the Ansoff matrix to provide the best approaches a company can take to improve its market position.
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Based on the SWOT analysis performed on the industry and industry players, the analyst has developed appropriate strategies for market growth.
Why buy this report?
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The report provides a comprehensive evaluation of the global bioinformatics market. The report includes in-depth qualitative analysis, verifiable data from authentic sources and estimates of market size. The estimates are calculated using proven research methodologies.
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The report has been prepared through extensive primary and secondary research. Primary research is done through interviews, surveys and observations of recognized personnel in the industry.
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The report includes a thorough market analysis using Porter’s 5-force model and the Ansoff matrix. In addition, the effect of Covid-19 on the market is also discussed in the report.
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The report also includes the regulatory scenario in the industry, which will help you make an informed decision. The report discusses major regulatory bodies and important rules and regulations imposed on this sector across different geographies.
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The report also includes the competition analysis using Positioning Quadrants, the analyst’s proprietary competition positioning tool.
Market dynamics
Drivers
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Increasing demand for nucleic acid and protein sequencing due to reduced sequencing costs and technological advances
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Initiatives from public and private organizations
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Increasing applications of bioinformatics in proteomics and drug discovery, clinical diagnostics and personal medicine
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Increasing number of collaborations between companies and research institutes
Limitations
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Lack of well-defined standards and common data formats for data integration
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Lack of user-friendly tools at cheaper prices
Possibilities
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Blockchain technology and Cloud Computing
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Integration of machine learning and artificial intelligence in the health care system
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Investment with a view to developing bioinformatics solutions
Challenges
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Lack of interoperability and multi-platform features
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Lack of skilled professionals in bioinformatics
Market segmentations
The global bioinformatics market is segmented based on bioinformatics platform, applications, end user and geography.
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By products and services, the market is classified in Knowledge Management Tools, Bioinformatics Services and Bioinformatics Platform.
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By application, the market is classified into Chemoinformatics, Genomics, Metabolomics, Proteomics and Transcriptomics.
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By end users, the market is classified into academics, agriculture, animals, environment, forensic medicine, medical and geography.
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By geography, the market is classified in America, Europe, the Middle East and Africa and the Asia-Pacific.
Companies mentioned
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Agilent technologies
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Biological materials used
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BGI Group
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Biomax Informatics
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Bluebee Holding
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Dassault Systems
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DNAnexus
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DNASTAR
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EraGen Biosciences
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Eurofins Scientific
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Expression analysis
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Gene network science
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Genealogical
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Genomatix
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Illumina
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Partek
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PerkinElmer
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QIAGEN
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SOPHiA GENETICS
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Thermo Fisher Scientific
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Waters Corp
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WuXi NextCODE
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