Bioinformatics Software for Predictive Modeling and Expression Analysis Market Detailed Study Analysis with Forecast by 2024

Global Bioinformatics Software for Predictive Modeling and Expression Analysis Market: Snapshot

Bioinformatics is a branch of science that uses technology to collect vital information pertaining to the bioengineering, biology, and biotechnology domain to present a logical analysis. To perform the analysis it uses various software tools, which are specifically designed for generating a biology analysis termed as bioinformatics software. Today, these tools are being used for creating predictive modeling and expression analysis of various genes and phenotypes. Adoption of bioinformatics software tools has significantly reduced the technical burden, introduced accuracy, and enabled efficiency in the scientific research is conducted.

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The research report by Transparency Market Research has been compiled with deliberation and meticulous assessment of various factors. With primary and secondary research methodologies used to compile the overall report, the publication offers a thorough understanding of the global bioinformatics software for predictive modeling and expression analysis. The report includes comments and recommendations by expert market leaders, which are aimed at helping the readers make well-informed business decisions.

Global Bioinformatics Software for Predictive Modeling and Expression Analysis Market: Trends and Drivers

The sudden drop in the prices of gene sequencing and the subsequent rise in the demand for gene expression and predictive modeling has led to the emergence of bioinformatics software for predictive modeling and expression analysis. The market is also thriving due to the emerging trend of outsourcing bioinformatics services and the superb technological advancements in the corresponding field. The entry of several new players who are taking up contracts of delivering bioinformatics services along with offering value added services has given the global market tremendous boost. The growth of the pharmaceutical industry and the evolution of healthcare industry have been the very turning points for the global bioinformatics software for predictive modeling and expression analysis.

Global Bioinformatics Software for Predictive Modeling and Expression Analysis Market: Regional Outlook

In terms of geography, the global market is segmented into North America, Asia Pacific, Rest of the World, and Europe. Currently, North America holds a leading share in the bioinformatics software for predictive modeling and expression analysis market. The region is expected to assert its dominance in the coming years due to the well-established healthcare infrastructure, higher acceptance of technological advancements, and increasing investments in the development of software tools. Furthermore, increasing awareness amongst healthcare professionals about advantages of deploying bioinformatics software for predictive modeling and expression analysis is also expected to fuel the rise of the regional market in the near future. Europe trails this lead quite closely for similar reasons and is expected to remain a steady contributor to the rising revenue of the global market in the coming years.

On the other hand, the fast-paced growth of the medical sector in Asia Pacific is also expected to offer several lucrative opportunities to Asia-Pacific bioinformatics software for predictive modeling and expression analysis market. The emergence of medical tourism in developing countries such as China, India, and Japan are likely to utilize these methods in areas of gene expression, drug discovery, and determination of phenotypic information.  Furthermore, increasing investments by the governments to improve the healthcare sector is also expected to fuel the Asia Pacific bioinformatics software for predictive modeling and expression analysis.

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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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