LAMEA Bioinformatics Market Size, Share & Industry Trends Analysis Report By Product & Services (Knowledge Management Tools, Bioinformatics Platforms and Bioinformatics Services), By Sector, By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Bioinformatics Market would witness market growth of 17.8% CAGR during the forecast period (2022-2028).
A thorough understanding of the molecules that comprise a cell, tissue, or organism is provided through omics technology. They are largely focused on the non-targeted, non-biased detection of all genes (genomics), mRNA (transcriptomics), proteins (proteomics), and metabolites (metabolomics) in a particular biological sample. The combination of these methodologies is known as system biology, and this might also be referred to as advanced biology.
Experiments in systems biology and omics are distinct from conventional investigations, which are mostly hypothesis-driven. While no hypothesis is specified or mandated in systems biology studies, all data are collected and evaluated to produce a hypothesis that may be tested further. These experiments use holistic methodologies instead. Omics technology may be used to better understand not just physiological processes that occur naturally but also those that occur in illness, where it can be used for prognostication, diagnosis, and screening. It can also be used to better understand the genesis of diseases.
Rising R&D spending in transcriptomic technologies by pharmaceutical and biotechnology companies, as well as increased demand for tailored medication in cancer treatment, are driving the growth of the RNA analysis/transcriptomics market. Additionally, Oxford Brookes University recognized the development of improved single-cell transcriptomic technologies in April 2021.
The International Cancer Genomic Consortium (ICGC) was established to provide funding for extensive genome analyses of 50 distinct kinds and subtypes of malignant cancer. It enables the epigenomic, genomic, and transcriptome analysis of even more than 25,000 cancer genomes. Although cancer transcriptomics is being given attention, the African continent still lags behind wealthy nations in terms of implementation.
The Brazil market dominated the LAMEA Bioinformatics Market by Country in 2021; thereby, achieving a market value of $356 Million by 2028. The Argentina market is exhibiting a CAGR of 18.5% during (2022 - 2028). Additionally, The UAE market would experience a CAGR of 17.5% during (2022 - 2028).
Based on Product & Services, the market is segmented into Knowledge Management Tools, Bioinformatics Platforms and Bioinformatics Services. Based on Sector, the market is segmented into Medical Biotechnology, Plant Biotechnology, Environmental Biotechnology, Animal Biotechnology, Forensic Biotechnology and Others. Based on Application, the market is segmented into Genomics, Chemoinformatics & Drug Design, Transcriptomics, Metabolomics, Proteomics and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Bioinformatics Market is Predict to reach $19.9 Billion by 2028, at a CAGR of 12.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., Eurofins Scientific SE, Qiagen N.V., Agilent Technologies, Inc., Illumina, Inc., Waters Corporation, PerkinElmer Inc., Genedata AG, Neogenomics laboratories, BGI Group
Scope of the Study
Market Segments Covered in the Report:
By Product & Services
- Knowledge Management Tools
- Bioinformatics Platforms
- Bioinformatics Services
- Medical Biotechnology
- Plant Biotechnology
- Environmental Biotechnology
- Animal Biotechnology
- Forensic Biotechnology
- Chemoinformatics & Drug Design
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Thermo Fisher Scientific, Inc.
- Eurofins Scientific SE
- Qiagen N.V.
- Agilent Technologies, Inc.
- Illumina, Inc.
- Waters Corporation
- PerkinElmer Inc.
- Genedata AG
- Neogenomics laboratories
- BGI Group
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Global Bioinformatics Market Report 2022-2028
North America Bioinformatics Market Report 2022-2028
Europe Bioinformatics Market Report 2022-2028