The Asia-Pacific Bioinformatics market is anticipated to grow at an astronomical rate owing to the factors such as the introduction of new and innovative technology in the field of bioinformatics, upsurge in the demand for nucleic acid and protein sequencing and burgeoning use of bioinformatics mutation of DNAs to finds ways to a diagnosis of deadly diseases. Besides these, the rising need for better treatment among customer, surging investment by the government in the R&D activities and growing adoption of biotechnology in order to enhance and improve productivity in animal agriculture are some of the driving factors projected to fuel the growth of the market in the forecast period.
Key questions answered in the study
According to MarkNtel Advisors’ research report “Asia-Pacific Bioinformatics Market Analysis, 2021”, the market is anticipated to grow at a CAGR of 17% during 2021-26. Based on Type of Sector, Animals Biotechnology is soaring at an exponential rate as it is used to develop unique transgenic animals having better genetics and production along with to meet rising food issue due to the burgeoning population in the region. The increasing inclination to enhance production and productivity of the livestock sector in the countries such as India via biotechnological interventions as it is among the top global exporter of buffalo meat as upsurged the adoption of bioinformatics. Besides this, an upsurge in spending for R&D for a generation of new information in the areas of livestock production is also expected to fuel the growth of the animal biotechnology market in the forecast period.
“Asia-Pacific Bioinformatics Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Bioinformatics providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
India Attain the Highest Growth
India is projected to grow at the highest CAGR in the Asia-Pacific Bioinformatics market during 2021-26. The bioinformatics market is one of the fastest-growing fields in India's biotechnology sector. The growth is attributed to the rising number of companies involved in bioinformatics, increasing investment in the modernization of healthcare infrastructure and escalating demand for bioinformatics in drug discovery. Besides these, the launch of a various educational programme by the government, propelling R&D in gene sequencing for early diagnosis of cancer mutation is the driving factors promising the lucrative opportunity for the growth of the Bioinformatics market in the near future as revealed by the MarkNtel Advisors’ research report “Asia-Pacific Bioinformatics Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Asia-Pacific Bioinformatics market are Thermo Fisher Scientific, Eurofins Scientific, Illumina, Perkinelmer, Inc., Qiagen Bioinformatics, Agilent Technologies, Dnastar, Waters Corporation, Sophia Genetics, Partek, Biomax Informatics AG, Wuxi Nextcode, Beijing Genomics Institute (BGI) etc.