[FURL=https://www.industryarc.com/Report/10631/bioinformatics-market-analysis.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Bioinformatics Market[/FURL] size was valued at $8.3 billion in 2020, growing at a CAGR of 12.4% during the forecast period 2021-2026. The recording, annotation, storage, analysis, and retrieval of nucleic acid sequence, protein sequence, and structural information are all covered by bioinformatics. Proteomics is the study of proteomes on a vast scale. A proteome is a collection of proteins made by a living creature, system, or biological milieu. Single nucleotide polymorphisms (SNPs) is a useful tool for determining the genetic basis of disease. In genome-wide association studies and fine-scale genetic mapping initiatives, these variants can be utilized as markers.Key Takeaways
A single nucleotide polymorphism, or SNP (pronounced "snip"), is a difference in the DNA sequence at a single place between individuals. DNA is made up of a chain of four nucleotide bases: A, C, G, and T.
The rise in bioinformatics platform application can be ascribed to an increase in demand from life science companies for structural identification and customization. This, in turn, would aid in the development of drugs and the assessment of their therapeutic effects.
A detailed analysis of the main players functioning in the Bioinformatics Market's Strengths, Weaknesses, and Opportunities will be provided in the report.
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Bioinformatics Market Segment Analysis – By Geography
Based on Geography, North America Bioinformatics accounted for the 35% revenue share in 2020. The bioinformatics market in this region is growing owing to the government funding for genetic research, the existence of prominent bioinformatics providers, decreasing sequencing prices, improved awareness of bioinformatics services, and an increase in the number of genomic research activities. It has a good funding scenario for research activities. This regional market is characterized by increased government initiatives for genomic testing reimbursement and a favorable financing scenario for bioinformatics research activities. A large number of healthcare investments in the European region is expected to fuel the bioinformatics market.
Bioinformatics Market Drivers
The Occurrence Of Rare Diseases Is Projected To Upsurge Market Growth
The Evolution Of Big Data Technology Is Fueling Bioinformatics Advancement
Bioinformatics Market Segment Landscape:
Bioinformatics Market top 10 companies include Agilent Technologies Inc., Biomax Informatics AG, Dassault Sytemes Biovia Corp, Bruker Corporation, Qiagen, Illumina Inc., Permin Elmer Inc., Applied Biologicals Materials, Fios Genomics, Partek Incorporated, SOPHiA Genetics
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