March 31, 2021
As cited by the business intelligence 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’, available with Market Study Report, global biological data visualization market was worth USD 741.9 million in 2019 and is estimated to register a 9.6% CAGR over 2020-2027, subsequently reaching a valuation of USD 1544.6 million by the end of the forecast period.
As per the report findings, escalating adoption of advanced analytical tools and virtual reality environments coupled with increasing research & development activities for introducing innovative technologies in the healthcare and pharmaceutical sectors are accelerating global biological data visualization market expansion.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3002292/
Moreover, rising adoption of biological data visualization across various end-user applications such as academic research, systems biology, phylogenies, macromolecular structures, and gene regulation are propelling the industry growth.
For those unaware, biological data visualizations refers to incorporation of next-generation sequencing as well as advanced sequencing machines to provide an integrated framework for better interpretation of networks and biological processes. With increasing concerns regarding complexity and large size of biological data, AI is increasingly being integrated in various database systems, in turn, is enhancing the overall biological data visualization market outlook.
On the contrary, lack of computational consistency for efficient data management, along with issues related to functionality of user interface are expected to barricade business development during the stipulated timeframe.
Elaborating on the regional outlook, North America, Latin America, Europe, and Asia Pacific are key contributors to global biological data visualization market growth. Among these, North America market will continue to maintain a strong growth curve during the analysis period, largely creditable to soaring R&D expenditure in this field.
Thermo Fisher Scientific, Inc., 3M Co., Genialis, Inc., Olympus Corp., Qiagen N.V., Agilent Technologies Inc., Carl Zeiss AG, Becton, Dickinson and Co. (BD), Oxford Instruments plc, and Genedata AG are the key participants influencing worldwide biological data visualization market trends.