Asia-Pacific Bioinformatics market is anticipated to grow at a CAGR of 17% during 2021-2026

DELTA, British Columbia - Feb. 23, 2021 - PRLog -- The burgeoning investment in the pharmaceutical sector are propelling the adoption of bioinformatics in order to lessen the cost and time involved in the discovery of drug. The increasing technological advancement such as cloud computing and IoT in bioinformatics, upsurge in the research and development activities and soaring demand for drug discovery & development process for advanced treatment of several diseases are the factors placing a lucrative impact to the growth of bioinformatics market in the Asia-pacific region. Besides these, accelerating need for nucleic acid & protein sequencing due to decrease in sequencing cost and increasing clinical and pharma inclination toward the adoption of bioinformatics tools are also fuelling the market growth

Key questions answered in the study
1.    What are the current and future trends of the Bioinformatics industry?
2.    How the industry has been evolving in terms of end-user demand and application areas?
3.    How the competition has been shaping across the countries followed by their comparative factorial indexing?
4.    What are the key growth drivers and challenges for the Bioinformatics industry?
5.    What is the customer orientation, purchase behavior, and expectations from the Bioinformatics firms across various regions?

According to MarkNtel Advisors' research report "Asia-Pacific Bioinformatics Market Analysis, 2021", the Asia-Pacific Bioinformatics market is anticipated to grow at a CAGR of 17% during 2021-2026. Based on Application, Proteomics acquired the considerable market share in 2019. The proteomic experiments to use to analyse and determine protein structures, protein of the human body and protein interactions and disease mechanisms. The need for research such as diabetics, nutrition, tumour metastasis and fetal and maternal medicine has surged the required the proteomics. Besides this, Transcriptomics is expected to grow at a significant rate in the bioinformatics market due to growing rising for personalized medicines, perennial discovery of biomarkers and companion diagnostics.

Bioinformatics Platforms Exhibits Fastest Growth

Bioinformatics Platforms is projected to grow at a fastest rate in the Asia-Pacific Bioinformatics market in 2020 as its surges the development process and drug discovery for the pharma companies. The growth is attributed to growing need for personalized sequencing platform, burgeoning funding in the healthcare sector and snowballing use of bioinformatics platform in various genomic applications. Are projected fuel the growth of Bioinformatics market in the forecast period as revealed by the MarkNtel Advisors' research report "Asia-Pacific Bioinformatics Market Analysis, 2021".

Get the sample pages of the report: https://www.marknteladvisors.com/query/request-sample/asia-pacific-bioinfomatics-market.html