Impact of Outbreak of COVID-19 on Bioinformatics Services Market : Global Industry Analysis, Forecast 2026

Perpetual expansion of application areas of biotechnology in the fields, such as, disease diagnosis and forensic research is attracting the attention of health care professionals. Bioinformatics is used for management, storage, and standardization of information obtained from research and development in biotechnology, life sciences, and biopharmaceutical industries.

View Report :  https://www.transparencymarketresearch.com/bioinformatics-services-market.html

The global bioinformatics services market has experienced tremendous growth in the past decade due to factors such as advancement in technology, expanding application of information technology in health care, and increasing demand for data management tools in life sciences and biotechnology research sectors. Major factors influencing the growth of this market are increasing research and development activities in the field of biotechnology, drug discovery, and biopharmaceuticals. In addition, increase in government initiatives also boosts the growth of the biotechnology market globally. Bioinformatics is widely used in research and development in the biotechnology and biopharmaceutical industries. Research and development activities involve significant investments and thus, small and medium-sized companies face difficulties in investing on analytical software.

In order to reduce the cost of research and development process, manufacturers are focusing on development of web-based software solutions, wherein researchers need to make marginal investment in analytical software. In addition, web-based analytical software does not require large storage or data handling capacity. Thus, owing to the mentioned factors, demand for web-based analytical software is expected to rise in the near future. Therefore, web-based offerings in bioinformatics show potential growth opportunities for players operating in this market. Bioinformatics techniques demand skilled manpower to derive accurate results. Installation and upgrade to sophisticated tools or platforms in clinical laboratories demand for high investment in training of the staff so that they can efficiently use the systems. Lack of skilled personnel is a key factor restricting the adoption of sophisticated and high-end biotechnology processes.

Get PDF Sample Copy of Report: (Including TOC, List of Tables & Figures, Chart) : https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=46488

The global bioinformatics services market can be segmented based on service type, application, end-user, and region. In terms of service type, the bioinformatics services market can be categorized into sequencing services, database and management services, data analysis services, and other services.

Bioinformatics has eased the process of data analysis with various technological applications. Manufacturers are offering various services in order to overcome the shortage of skilled personnel in using bioinformatics tools and platforms. Data analysis is one of the vital operations performed by the bioinformatics service industry.

REQUEST FOR COVID19 IMPACT ANALYSIS – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=46488

High-end tools, such as, microarrays have been introduced to cater to the rising demand for customized data analysis. In terms of application, the bioinformatics services market can be classified into preventive medicine, molecular medicine, gene therapy, drug development, and others. Based on end-user, the bioinformatics services market can be segmented into academic and research institutes, pharmaceutical and biotechnology companies, hospitals and clinics, and others.

In terms of region, the global bioinformatics services market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to continue its dominance in the global bioinformatics services market owing significant R&D expenditure, greater acceptance of technology advancements, and increase in investments for technological innovations in bioinformatics. Rise in drug discovery and development, coupled with increase in government initiatives toward funding of small and start-up companies in the biotechnology and life sciences industry, is a major factor expected to drive the bioinformatics services market in North America during the forecast period. The bioinformatics services market in major countries of Asia Pacific, such as India and China, is expected to grow rapidly during the forecast period. Government initiatives to boost the biotechnology sector is a prime driver of the  bioinformatics services market in the region. Moreover, availability of skilled and qualified manpower at low cost, government support in setting up of manufacturing units, strategic acquisitions of local players, and currency difference benefits are expected to attract global bioinformatics manufacturers to Asia Pacific.

Read our Case study at : https://www.transparencymarketresearch.com/casestudies/innovative-medical-device-manufacturing-start-up

Key players operating in the global bioinformatics services market are Agilent Technologies, IBM Life Sciences, Qiagen N.V., Illumina Inc., Eurofins Scientific, Bruker Daltonics Inc., Perkinelmer Inc., Accelrys Inc., Life Technologies Corporation, and CD Genomics.

More Trending Reports by Transparency Market Research – 1.  http://www.prnewswire.com/news-releases/increasing-number-of-accidents-and-injuries-to-drive-adoption-of-wound-closure-strips-market-valuation-to-rise-up-to-us446-3-mn-by-2027-end-finds-tmr-301019647.html

2. https://www.biospace.com/article/dna-test-kits-market-increase-in-demand-for-ancestry-testing-to-drive-market/

Latest

How long do you have before you have to report a work-related injury?

When an accident or illness occurs on the job,...

Measuring the Incremental Role that Defamation Plays in UK Media Law

Considering a career in journalism is much more than...

Reasons You Should Use Only Genuine Or OEM Auto Parts

To prolong the life of your car, it's important...

Upgrade Your Car with These Affordable Tips to Enjoy That Luxurious Feeling

With constant growth and innovation in the automobile sector,...

Newsletter

spot_img

Don't miss

How long do you have before you have to report a work-related injury?

When an accident or illness occurs on the job,...

Measuring the Incremental Role that Defamation Plays in UK Media Law

Considering a career in journalism is much more than...

Reasons You Should Use Only Genuine Or OEM Auto Parts

To prolong the life of your car, it's important...

Upgrade Your Car with These Affordable Tips to Enjoy That Luxurious Feeling

With constant growth and innovation in the automobile sector,...

IPTV UK: The Latest News And Updates

If you’re looking for the latest news and updates...
Admin
Adminhttps://dailybn.com/
Dailybn- Owned by | Wahad Butt From Pakistan. Email : annaconda092@gmail.com Hey We are outreach Blogger we will promote your website by premium guest posting service to grow your authority , Why We Are Different? Our blog posting administrations We offer the most serious estimating in the business that isn't just moderate yet additionally powerful.
spot_imgspot_img

How long do you have before you have to report a work-related injury?

When an accident or illness occurs on the job, it's important to let your boss know right once. You are obligated to give them...

Measuring the Incremental Role that Defamation Plays in UK Media Law

Considering a career in journalism is much more than simply writing, in fact it could arguably be one of the smallest parts of the...

Reasons You Should Use Only Genuine Or OEM Auto Parts

To prolong the life of your car, it's important to keep up with regular repairs and maintenance. For your vehicle to last as long...