Germany Bioinformatics Market Forecast and Opportunities, 2020
Germany bioinformatics market is one of the fastest growing bioinformatics market in Europe. Rising concerns over data management and growing role of IT in drug discovery is driving the country’s bioinformatics market. Mounting demand for innovative medical solutions for treatment of diseases, decoding genetic constitution of an organism, studying climatic changes, rising use of microbial genome information for waste clean-up, antibiotic resistance, evolutionary studies, and increasing funding by government and private organizations are the major factors driving bioinformatics market in Germany. In addition to adoption of new technologies, increasing need for reducing failures related to drug discovery and maintaining bioinformatics database of genes, protein, etc. is boosting demand for bioinformatics solutions. Growing trend towards genome and protein sequencing, and increasing demand for personalized medicines, coupled with advancements in cloud technologies and nanopore sequencing methods is forecast to drive the market through 2020.
According to the report “Germany Bioinformatics Market Forecast & Opportunities, 2020”, the bioinformatics market in Germany is projected to surge at a CAGR over 29% during 2015-20. Growing trend of information fusion and increase in number of academia partnerships to provide more insights for research & development activities is propelling demand for bioinformatics solutions for storage and processing of data in the country. Increasing lifespan of population in Germany is expected to drive new drug discovery and development, thus propelling demand for bioinformatics based technologies. Presently, Genomics and Proteomics, which are currently the major application segments in the country’s bioinformatics market, are expected to maintain their dominance through 2020. Major players operating in Germany’s bioinformatics market include Affymetrix, Biovia, Biomax Informatics and Agilent Technologies. “Germany Bioinformatics Market Forecast & Opportunities, 2020” discusses the following aspects of bioinformatics market in Germany:
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The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with bioinformatics software developers and suppliers in Germany. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.
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1. Affymetrix GmbH 2. Biovia (formerly known as “Accelrys”) 3. Biomax Informatics AG 4. Agilent Technologies 5. Life Technologies GmbH 6. Illumina GmbH 7. QIAGEN GmbH 8. PerkinElmer Holding GmbH 9. ID Business Solutions 10. Roche Diagnostics GmbH