Summary- A new market study, titled “Global Bioinformatics: Technologies Market Outlook (2017-2026)” Market OverviewBioinformatics is the science of managing, analyzing, storing and merging biological data using advanced computing techniques.

The rapid growth in raw data generation and advances in IT software and infrastructure have enabled researchers to integrate disparate datasets in order to decipher complex biological processes and develop predictive models of disease, for the purposes of identifying and validating novel biomarkers and developing precision medicines.

The global bioinformatics market was estimated to be worth REDACTED in 2017, and it is forecast to increase to REDACTED by 2023 at a compound annual growth rate (CAGR) of REDACTED.

It attracts considerable funding from governments, and it is driven by applications across many sectors, including biotechnology, pharmaceutical agriculture, food safety, chemical and manufacturing.

Reasons for Doing This Study Since scientists unraveled the blueprint of the human genome more than 10 years ago, they have been exploring new ways to utilize “omic” data to understand more complex diseases.

Service providers have developed new analytical tools and IT infrastructures to enable scientists to interrogate complex data sources and quickly and efficiently disseminate information for better decision-making to achieve this goal.