IMARC Group, a leading market research company, has recently releases report titled “India Bioinformatics Market Report by Product and Service (Knowledge Management Tools, Bioinformatics Platforms, Bioinformatics Services), Application (Genomics, Chemoinformatics and Drug Design, Proteomics, Transcriptomics, Metabolomics, and Others), End Use Sector (Medical Biotechnology, Academics, Animal Biotechnology, Agricultural Biotechnology, Environmental Biotechnology, Forensic Biotechnology, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including India bioinformatics market forecast, size, trends, and growth share. The report also includes competitor and regional analysis and highlights the latest advancements in the market. India bioinformatics market size reached US$ 337.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,822.5 Million by 2032, exhibiting a growth rate (CAGR) of 19.60% during 2024-2032.
The rising focus on research and development activities in genomics, proteomics, drug discovery, etc., are the factors responsible for the growth of the India bioinformatics market. Additionally, there is an escalating demand for bioinformatics tools and services to manage and analyze the vast amounts of biological data generated, which is fueling the market. Besides this, the rise of personalized medicine, which customizes treatments based on individual genetic profiles, is significantly boosting the need for bioinformatics solutions. Moreover, the support provided by government authorities through various initiatives and funding for biotech research is encouraging the adoption of bioinformatics across academic institutions and research organizations, contributing to the expansion of the market.
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India Bioinformatics Market
Technological advancements and increasing collaborations are significant drivers in the India bioinformatics market. In addition to this, the integration of artificial intelligence (AI) and machine learning (ML) in bioinformatics is enhancing data analysis capabilities, enabling more accurate predictions and insights, which is acting as another growth-inducing factor. These technologies are crucial for interpreting complex biological data and accelerating the development of new therapies and diagnostics. Furthermore, the growing number of partnerships between biotech firms across India as well as global companies is facilitating knowledge exchange and access to cutting-edge technologies and is positively impacting the market. The establishment of bioinformatics centers and increased investment in infrastructure are also contributing to the growth that is anticipated to drive the India bioinformatics market over the forecasted period.
India Bioinformatics Market Segmentation
Product and Service Insights:
- Knowledge Management Tools
- Generalized Knowledge Management Tools
- Specialized Knowledge Management Tools
- Bioinformatics Platforms
- Surgical Simulation Platforms
- Sequence Analysis, Alignment and Manipulation Platforms
- Structural and Functional Analysis Platforms
- Others
- Bioinformatics Services
- Data Analysis Services
- Database Management Services
- Others
Application Insights:
- Genomics
- Chemoinformatics and Drug Design
- Proteomics
- Transcriptomics
- Metabolomics
- Others
End Use Sector Insights:
- Medical Biotechnology
- Academics
- Animal Biotechnology
- Agricultural Biotechnology
- Environmental Biotechnology
- Forensic Biotechnology
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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