Where Would The Product Place Itself In The Bioinformatics Services Market In

Posted by Steve Sharma on April 19th, 2021

In 2018, the global market for bioinformatics services registered the revenues worth US$ 1.9 Bn. Spectacular growth in the deployment of bioinformatics services is likely to offer a strong impetus to the global market value in 2019, at an estimated 13% Y-o-Y growth rate. A new Persistence Market Research (PMR) study has projected robust growth prospects for the bioinformatics services industry over the course of next few years.

Factors such as the increasing prevalence of diabetes & other chronic diseases, increasing geriatric population, and increasing collaborations & partnerships between various IT companies and pharmaceutical companies are expected to boost the revenue generation of the bioinformatics services market during the forecast period. The adoption of IT solutions in various academic sectors is also expected to increase the growth of the bioinformatics services market.

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