TechNavio recognizes the following companies as the key players in the Global Bioinformatics Market: Accelrys Inc., Affymetrix Inc., Agilent Technologies Inc., CLC bio LLC, and Illumina Inc.
Commenting on the report, an analyst from TechNavio’s team said: “As a result of declining budgets for R&D, biotechnology companies and other organizations are seeking ways to increase efficiency by outsourcing bioinformatics to effectively support their R&D activities at less cost. Also, outsourcing may be an increasingly viable option for research organizations which lack the requisite computational infrastructure and informatics expertise for bioinformatics tools in house. Outsourcing the services to a third-party vendor can allow an organization to refocus on key projects that contribute to increasing the effectiveness of its R&D and shorten development-to-launch timelines.”
According to the report, one of the major drivers in this market is the decreasing cost of genetic sequencing. This reduction in cost is a result of the development of tools and technologies as well as the improvements in processes made by genomics researchers.
Further, the report states that one of the major challenges in the market is the growing complexity in using bioinformatics tools and the consequent need for proper training and guidance to use these tools properly and efficiently.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-bioinformatics-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Bioinformatics Market 2014-2018
