The AI in bioinformatics market report also covers pricing analysis, patent analysis, and technological advancements in depth. Data Bridge Market Research analyses that the AI in bioinformatics market is expected to reach the value of USD 11,023.14 million by 2029, at a CAGR of 43.0% during the forecast period. “Services" accounts for the largest technology segment in the AI in bioinformatics market due to rapid developments in technological pathways to commercialize the use of handheld AI in bioinformatics. The major market players are highly focused on various service launches and service approvals during this crucial period. In addition, the growing demand for bioinformatics and increasing public-private sector funding for bioinformatics are also contributing to the rising demand for the market.
Market Analysis and Insights
The reduction in the genetic sequencing cost has enhanced the demand of the market. The rising healthcare expenditure for better health services is also attributed to the growth of the market. Europe AI in bioinformatics market is growing in the forecast year due to the rise in market players and the availability of advanced services. Along with this, manufacturers are engaged in RD activity for launching novel services in the market. The increasing advancements in bioinformatics technology are further boosting market growth. However, the high cost of instrumentations and cybersecurity concerns in bioinformatics might hamper the growth of Europe AI in bioinformatics market in the forecast period.
It is particularly useful in studying genomes and DNA sequencing, as it allows scientists to organize large amounts of data. From genetics to toxicology to mycology and radiobiology, there are scores of branches of Biology to specialize in. And out of the many, Bioinformatics is one of the intriguing fields which enables you to identify, evaluate, store, and retrieve biological information. Being an interdisciplinary field of study, it incorporates various applications of computer science, statistics, and biology to develop software applications for understanding biological data like DNA sequencing, protein analysis, evolutionary genetics, and others.
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Europe AI in Bioinformatics Market Scope
Bioinformatics combines computer programming, big data, and molecular biology, which enables scientists to understand and identify patterns in biological data. Europe AI in bioinformatics market is segmented on the basis of offering, type, products and services, application, and sector. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Chemoinformatics Drug Design
- DNA Sequencing
- System Biology
- Text Mining
On the basis of application, the Europe AI in bioinformatics market has been segmented into below genomics, chemoinformatics drug design, proteomics, DNA sequencing, system biology, transcriptomics, text mining, microarrays, metabolomics and others.
- Medical Biotechnology
- Animal Biotechnology
- Plant Biotechnology
- Environmental Biotechnology
- Forensic Biotechnology
Europe AI in Bioinformatics Market Country Level Analysis
The Europe AI in Bioinformatics market is analysed and market size insights and trends are provided by country, offering, type, products and services, application and sector as referenced above.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing a forecast analysis of the country data.
The countries covered in the Europe AI in bioinformatics market report are U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey and Rest of Europe. U.K. is expected to dominate the Europe AI in bioinformatics market due to growing start-ups focusing on AI technology in bioinformatics and the rising demand for bioinformatics and its high application in research and development.
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Competitive Landscape and Premium Chocolate Market Share Analysis
The AI in bioinformatics market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus on the AI in bioinformatics market.
Some of the major players operating in the Europe AI in Bioinformatics market are
- JADBio Gnosis Data Analysis,
- Fios Genomics,
- SOPHiA GENETICS,
- Biomax Informatics Inc.,
- Ardigen (Parent Company Selvita Group),
- Source BioScience,
- NeoGenomics Laboratories,
- CelbridgeScience, Eurofins Scientific,
- Illumina, Inc.,
- Thermo Fisher Scientific, Inc.,
- Insilico Medicine,
- Strand Life Sciences,
- Dassault Systèmes,
- Ai, Paige AI, Inc.,
- SomaLogic Operating Co., Inc.,
- Elucidata among others.
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