Bioinformatics Software for Predictive Modeling and Expression Analysis Market: Plunging Cost of Gene Sequencing Proves Beneficial, finds TMR

A recently added report by Transparency Market Research, titled, “Bioinformatics Software for Predictive Modeling and Expression Analysis Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” explains that the plunging prices of gene sequencing and the consequent increase in demand for gene expression and predictive modelling has propelled the market.

Another factor that is serving to boost the market for bioinformatics software for predictive modelling and expression analysis is the increasing trend of outsourcing bioinformatics services and the tremendous technological progress in the domain. Other trends positively impacting the market are the host of new players that are entering into contracts to deliver bioinformatics services side by side providing value added services and the constant progress in the overall healthcare industry.

North America, Europe, Asia Pacific, and the Rest of the World are some of the main geographic regions in the bioinformatics software for predictive modeling and expression analysis market. Of them, North America with its superior healthcare infrastructure and large outlays on research and development, is at the forefront. The market in the region is also benefitting from the trend of early adoption of technologies in the region and rising awareness among healthcare professionals about the advantages of using bioinformatics software for predictive modeling and expression analysis. In the years ahead too, North America is expected to retain its dominant position. Europe follows North America in terms of market share. Asia Pacific is another attractive market owing to the rise of medical tourism in the region.

Some of the prominent participants in the global market for bioinformatics software for predictive modeling and expression analysis are Accelrys, Inc., SmartGene Services SARL, Affymetrix, Inc., Agilent Technologies Inc., GenoLogics Life Sciences Software Inc., Biobase GmbH, Cartagenia N.V., CLC bio A/S, DNASTAR, Inc., Illumina, Inc., PerkinElmer, Inc., Genomatix Software GmbH, Genedata AG, and Molecular Networks GmbH.

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