Biological Computers Market Growing with Top Key Players: Microsoft, IBM, Illumina, Inc, IndieBio, Sequenom Inc., Merck KGaA

iCrowd Newswire
22 Jan 2021, 13:49 GMT+10

The biological computers market, also known as DNA computers, is a new one with immense potential for growth. The DNA computers can analyze cellular activities for detecting mutated genes and all other activities of the genes found in cells. Biological computers enable researchers to create a biosensor system for identifying cancer cells. The increasing count of cancer patients is one of the key drivers of the market growth.

Market Research Future (MRFR) has recently published a report on the global biological computers market where it has unfolded that the market will grow at a robust pace of 7% CAGR during the forecast period 2017 to 2023.

According to a report published by the Centers for Disease Control and Prevention (CDC) in 2014, over 14.1 million new cases of cancer were diagnosed all across the world. Other factors responsible for the expansion of the revenue generated from the market include increasing demand for DNA or gene chips, developments in the healthcare sector, increased investments, amplified research & development activities, etc.

Regional Analysis:

By region, the global biological computers market has been segmented into America, Europe, Asia Pacific, and, Middle East & Africa. The America market will exhibit growth in demand owing to the rising burden of cancer in the region. It is estimated that 1,735,350 new cases of cancer will be registered in the U.S. in 2018. The fast-paced adoption of technology in the region will fuel demand for biological computers across the projection period. Europe market is expected to thrive moderately from 2017 to 2023 due to increasing demand for healthcare IT solutions, clinical researches undertaken by associations, etc.

The Asia Pacific is one of the fastest-growing markets globally owing to increased investments in the healthcare sector backed by the governments. The region focuses on the evolution of the healthcare sector to boost medical tourism which is expected to accelerate the adoption of DNA computers over the assessment period. The increasing geriatric population is also favoring the growth of the market and will continue to show a similar trend throughout the forecast period. The primary contributors in the region will be India, China, and, Japan.

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Competitive Dashboard:

Some of the key players profiled by MRFR in its report for gaining a deeper insight into the market include Microsoft (U.S.), IBM (U.S.), Illumina, Inc. (U.S.), IndieBio (U.S.), Sequenom Inc.(U.S.), Merck KGaA (U.S.), Bioneer Corporation (Republic of Korea), Wafergen Biosystems Inc. (U.S.), Thermofisher Scientific (U.S.), Emulate Inc. (U.S.), Macrogen Corp (Republic of Korea), Biometrix Technology Inc (U.S.), and Eurofins Genomics India Pvt Ltd. (India).

The strategies developed and implemented by the market players leading to the growth and expansion of the market include research & development, technological advancements, product developments, investments, etc.

Market Segmentation:

By component, the global biological computers market is segmented into hardware, software, input, and output.

By application, the global market for biological computers has been segmented into oncology, molecular genetics, nanobiotechnology, and others.

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By end-user, the biological computers market is segmented into pharmaceutical & biotechnology companies, research centers, healthcare it companies, hospital & clinics, and others.

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast emerging market research firm is armed with an adept research analysts' team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

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