The Asia-Pacific Bioinformatics
Market was worth USD 1.4 billion in 2016 and estimated to be growing at a CAGR
of 21.4%, to reach USD 3.7 billion by 2021.
In the field of Bioinformatics,
biological data is interpreted through use and development of new software
methods and tools. It is an interdisciplinary field comprising of subjects like
computer science, mathematics, engineering and statistics so as to analyse the
biological information acquired. Bioinformatics comprises of all the biological
studies which are done by using computer programming as the tool.
Bioinformatics is primarily used for knowing candidate genes and single
nucleotide polymorphisms.
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Bioinformatics finds its
application in many areas of biology. It assists in obtaining useful
information from text and in gene ontology to name and organise data. In the
field of genomics and genetics, it helps in sequencing genomes and noting their
mutations. In the field of experimental molecular biology it finds its
applications in the forms of techniques such as image and signal
processing. It is helpful in interpreting evolutionary aspects of
molecular biology by comparing the obtained genetic and genomic data. It also
helps in analysing gene and protein expression and regulation.
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The driving factors of
Asia-Pacific Bioinformatics market are growing need for sequencing protein and
nucleic acids, rising assistance of this field in manufacturing new medicines
and clinical diagnostics, increasing initiatives from the government, rising
need for integrated bioinformatics systems in proteomics and genomics,
increasing number of partnerships between research organisations and companies
among others. The constraints of this market are high costs, lack of skilled
workers, lack of user friendly tools and lack of interoperability among various
data formats.
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The Asia-Pacific Bioinformatics
market is segmented on the basis of sector into animal biotechnology,
environmental biotechnology, agricultural biotechnology, forensic
biotechnology, medical biotechnology, academics and others. Medical
biotechnology accounted for the largest share in this segment owing to the
growing need for developing new drugs at cheap prices. Based on products &
services, the market is segmented into bioinformatics platforms, knowledge
management tools and bioinformatics services. Knowledge management tools
has the largest share in this segment and bioinformatics platforms is the
fastest growing sub-segment. In the applications segment, the market is further
divided into proteomics, transcriptomics, molecular phylogenetics,
chemoinformatics and drug design and genomics. Genomics accounts for the
largest market share in the applications segment.
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The Asia-Pacific Bioinformatics
market is divided based on geography into India, China, Australia, South Korea
and other parts of Asia-Pacific. Asia-Pacific is the fastest growing region
globally. Factors such as rising demand for protein and nucleic acid
sequencing, increased funding for research and increasing demand for research
in proteomics and genomics are expected to drive the growth of this market.
Some of the major players in the
market include 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. and Waters Corporation
among others.
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