Global biological data visualization market size to expand at 9.6% CAGR through 2027
Description – The recent analysis on ‘global biological data visualization market’ comprises of critical information pertaining to this business vertical such as historic data and current market trends. It also talks about the key growth stimulants, limitations & challenges, and other expansion prospects defining the market structure, size, share and growth rate over the period of 2020-2027.
According to reliable estimations, global biological data visualization market had accrued revenues worth USD 741.9 million in the year 2019 and is expected to grow with a CAGR of 9.6% between 2020 and 2027.
Apart from this, the document elaborates on the various segments such as technique type, application scope, platform type, end-user spectrum, and the regional outlook. It also offers comprehensive data of the leading companies operating in this business sphere, further ensuring high-quality decisions while making potential investments.
For those uninitiated, biological data visualization involves the use of NGS (Next-Generation Sequencing) technologies for understanding interactions and networks of chemical components. It also helps during analysis off gene regulations, macromolecular structures, alignments, systems biology, phylogenies, variance, co-variance, and microscopy among others.
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Thus, widespread adoption of biological data visualization techniques in academic research, pharmaceutical & biotechnology companies as well as in hospitals and clinics is stimulating the industry outlook. Growing demand for advanced analytical solutions and virtual reality environment is also adding traction to global biological data visualization market size.
Numerous healthcare organizations are currently focusing on using AI (artificial intelligence) for handing large amount of data. In addition to this, complexities while analyzing organic substances is augmenting global biological data visualization industry remuneration.
Apart from this, escalating R&D investments and subsequent technological advancements in healthcare and pharmaceutical sector is also favoring the overall market outlook. According to Statista, worldwide R&D spending in pharmaceutical sector had reached USD 136 billion mark in the year 2012, which then accounted for USD 186 billion in 2019. This pharmaceutical R&D spending is likely to reach USD 233 billion by the year 2026.
Despite the various growth stimulants, factors such as lack of computational consistency while managing data and complexities associated with the product’s user interface could potentially inhibit the expansion of global biological data visualization industry in the upcoming years.
To access a sample pages of this report titled “Global Biological Data Visualization Market Size study, by Technique (Microscopy, Magnetic Resonance Imaging, Sequencing, X-ray Crystallography and Others), by Application (Cell and Organism Imaging, Structural Biology and Molecular Modeling, Genomic Analysis, Alignments, Phylogeny, and Evolution and Systems Biology), by Platform (Windows, Mac OS, Linux and Others), by End-Use (Academic Research, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies and Other) and Regional Forecasts 2020-2027” in detail along with the table of contents, please click the link below:
An overview of the geographical landscape
Worldwide biological data visualization industry is divided into North America, Latin America, Europe, Asia-Pacific and rest of the world. As per authentic predictions, North America currently holds the largest market share and is likely to showcase similar expansion trends in the forthcoming years.
Surging R&D investments and subsequent innovative product launches coupled with growing demand for analysis tools to visualize biological data is facilitating the business scenario in North America.
On the other hand, Asia-Pacific biological data visualization industry is slated to register a robust CAGR through 2027.
Global Biological Data Visualization Market by Technique Type (Revenue, USD Million, 2017-2027)
- X-ray Crystallography
- Magnetic Resonance Imaging
Global Biological Data Visualization Market by Application Scope (Revenue, USD Million, 2017-2027)
- System Biology
- Alignments, Phylogeny, and Evolution
- Genomic Analysis
- Structural Biology and Molecular Modeling
- Cell and Organism Imaging
Global Biological Data Visualization Market by Platform Type (Revenue, USD Million, 2017-2027)
- Mac OS
Global Biological Data Visualization Market End User Analysis (Revenue, USD Million, 2017-2027)
- Pharmaceutical & Biotechnology Companies
- Hospitals & Clinics
- Academic Research
Global Biological Data Visualization Market by Geographical Reach (Revenue, USD Million, 2017-2027)
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
Rest of the World
Global Biological Data Visualization Market Competitive Spectrum (Revenue, USD Million, 2017-2027)
- Olympus Corporation
- Genedata AG
- Oxford Instruments plc
- Carl Zeiss AG
- Agilent Technologies Inc.
- Genialis Inc.
- 3M Company
- Thermo Fisher Scientific Inc.
- Becton, Dickinson and Company (BD)
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