Report ID: SQMIG35H2059
Report ID:
SQMIG35H2059 |
Region:
Global |
Published Date: August, 2024
Pages:
157
|
Tables:
75 |
Figures:
75
Bioinformatics Market size was valued at USD 15.35 Billion in 2023 and is poised to grow from USD 17.85 Billion in 2024 to USD 53.03 Billion by 2032, growing at a CAGR of 16.3% during the forecast period (2025-2032).
The research of new drugs and increasing private and public investment initiatives to support R&D activities are expected to be the major drivers of the market during the forecast period. In addition, user-friendly and easily accessible bioinformatics software such as RasMol, AUTODOCK, BALL, Bioclipse, and the widespread use of these tools in the market.
Bioinformatics software and tools are used as integrated solutions that provide algorithms and statistical methods for data analysis and help integrate data management. Increasing R&D programs in the market, as well as other related '-omics' fields, are expected to further support market growth though the requirement for data storage and analysis.
According to an article published by Stanford Medicine in January 2022, studies through Stanford scientists confirmed that DNA sequencing techniques can sequence the human genome in approximately 8 hours. Such advances could drive the call for genomics about has grown, and consequently, the field of bioinformatics. Such advances could drive the demand for genomics approximately has grown, and consequently, the field of bioinformatics. Bioinformatics data storage and analysis applications can store massive amounts of genomic and proteomic facts to facilitate studies in regions ranging from genetic illnesses to chemoprevention to carcinogens in aging.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35H2059