Bioinformatics Global Market Research Report 2021 Featuring Agilent Technologies, Illumina, QIAGEN, Affymetrix and Thermo Fisher Scientific

Key Facts

“Bioinformatics Global Market Report 2021: COVID-19 Growth and Change to 2030” > > Tweet this The global bioinformatics market is expected to grow from $9.38 billion in 2020 to $10.57 billion in 2021 at a compound annual growth rate (CAGR) of 12.7%.
According to a report by Pharmaphorum, an estimated 80% of the researchers' time is spent on data grooming and only 20% on actual data analysis.
This is essentially due to the lack of standardized file types and inconsistent data formatting, which means that every new program results in a new data format.
Nanopore sequencing technology offers high throughput, low cost, longer reads (Sequence of a section of a unique fragment) to the analyst and helps in the collection of data which is an essential part of bioinformatics.