Bioinformatics market is estimated to be over US$ 6.5 Billion in 2018. It is anticipated to grow at a CAGR of 14.0% from 2019 to 2030.
The continual growth of the bioinformatics market can be attributed to several factors such as increasing number of research studies in the field of genomics and proteomics, growing number of research funding and technological advancement among others. Moreover, growing demand for personalized medicines across the globe is anticipated to further contribute to the substantial growth of the global bioinformatics market between 2018 and 2030. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives with several institutes and research centers. The Institute of Molecular Biology & Biotechnology (IMBB), based in Greece, has entered into an agreement with The Bioinformatics and Computational Science (BioCoS) company (limited partnership), for development of innovative solutions in the field of biotechnology.
Major Key Players of the Bioinformatics Market are:
Thermo Fisher Scientific, Illumina Inc, Agilent Technologies, QIAGEN , BGI, Wuxi NextCODE , Eurofins Scientific , Waters Corporation , Sophia Genetics, Partek and DNASTAR
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