Europe Bioinformatics Market

Europe Bioinformatics Market value is currently valued at USD 2.55 billion in 2018.
Overview:
Bioinformatics is a field of study in which biological data is interpreted through development
and use of new software tools and methods. It is an interdisciplinary field consisting of
engineering, mathematics, statistics and computer science in order to evaluate the biological
information acquired. Bioinformatics envelopes are the biological studies which are done by
using computer programming as the tool. Bioinformatics is most frequently used for knowing
candidate genes and single nucleotide polymorphisms.
Bioinformatics is employed in quite a few areas of biology. It helps in extracting useful data
from text and in gene ontology to manage and name data. In the field of genomics and
genetics, it helps in sequencing genomes and noting their mutations. It is functional in
perceiving evolutionary aspects of molecular biology by comparing genetic and genomic data.
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Market views:
Europe Bioinformatics Market was worth USD 2.55 billion in 2018 and anticipated to be
growing at a CAGR of 14.3%, to reach USD 4.98 billion by 2023.
Drivers and restraints:
The drivers which are fueling the growth of Europe Bioinformatics market are increasing need
for sequencing protein and nucleic acids, increasing assistance of this field in manufacturing
new medicines and clinical diagnostics, rising initiatives from the government, increasing need
for incorporated bioinformatics systems in proteomics and genomics, growing number of
partnerships between research organizations and companies among others.
The constraints that are challenging the Europe Bioinformatics market are high costs, short of
skilled workers, deficiency of user friendly tools and lack of interoperability among various data
formats.
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Partition of the Market:
The Europe Bioinformatics market is partitioned With respect to sector into animal
biotechnology,
environmental
biotechnology,
agricultural
biotechnology,
forensic
biotechnology, medical biotechnology, academics and others. Medical biotechnology
accounted for the key share in this section due to the rising need for producing new drugs at
low costs. With respect to products & services, the market is categorized into bioinformatics
platforms, knowledge management tools and bioinformatics services. Knowledge management
tools have the key share in this section and bioinformatics platforms are the fastest growing
sub-section. In the applications segment, the market is further sectioned into proteomics,
transcriptomics, molecular phylogenetics, chemoinformatics and drug design and genomics.
Genomics accounts for the chief market share in the applications section.
Geographically the Europe Bioinformatics market is partitioned into United Kingdom, Spain,
France, Italy, Germany and other parts of Europe. Globally, Europe is the second largest market
in the world.
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Key players of the market:
Key players in the Europe Bioinformatics market include Agilent Technologies, Affymetrix Inc.,
Applied Biological Materials (ABM), 3rd Millenium Inc., Illumina Inc., Thermo Fisher Scientific
Inc., Qiagen N.V., Biomax Informatics Ag, DNAnexus, Inc. and Waters Corporation among
others.
Scope of the Report:
The report offers an extensive examination of the business by giving the estimations of market
potential and gauges with most extreme granularity. Along this, the variables persuasive in
affecting the market flow and patterns are examined in detail at the item level. Further, the
execution of the market at the territorial and nation level is evaluated and the prospects with
high development potential are distinguished and discussed.
The key players in the business are profiled giving bits of knowledge on their money related
execution, advertise position and development techniques. Similar investigation on prime
strategical exercises of the market players depicting the key advancements like mergers and
acquisitions, coordinated efforts and an assessment of the focused condition inside the
business are given. The report additionally offers an expansive standpoint of the market
alongside proposals from industry specialists on the open doors for speculation action.
What else? Aside from the syndicated report, our in-house group has an aptitude and
involvement in planning custom reports to meet your particular research needs and help you in
settling on very much educated choices.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626

Europe Bioinformatics Market By Sector (Animal Biotechnology, Environmental Biotechnology, Agricultural Biotechnology, Forensic Biotechnology, Medical Biotechnology, Academics And Others), By Products & Services (Bioinformatics Platforms, Knowledge Management Tools And Bioinformatics Services)

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