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Bioinformatics Market Size:
Market Data Forecast published a report named Bioinformatics Market. The Middle East and Africa Bioinformatics Market was worth USD 0.57 billion in 2018 and estimated to be growing at a CAGR of 15.7%, to reach USD 2.33 billion by 2023.
The driving factors of the Middle East and Africa Bioinformatics market are growing need for sequencing protein and nucleic acids, rising initiatives from the government, rising help of this field in producing new medicines and clinical diagnostics, increasing number of partnerships between research organizations and companies
Report segmented as:
- Molecular Phylogenetic
- Chemo Informatics
- Drug Design
- Animal biotechnology
- Environmental biotechnology
- Agricultural biotechnology
- Forensic biotechnology
- Medical Biotechnology
The market for Bioinformatics market is geographically divided broadly into the Middle East and Africa. The market in this region is still in its nascent stages. Factors such as increased need for protein and nucleic acid sequencing, increasing funding for research and technological advancements are expected to propel the growth of this market in the region.
Key Market Players:
- 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.
- Waters Corporation
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The scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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