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Gene Prediction Tools Market Size

  • Report ID: GMI6682
  • Published Date: Sep 2023
  • Report Format: PDF

Gene Prediction Tools Market Size

Gene Prediction Market is valued to be USD 104 million in 2022 and is projected to grow at CAGR of 18% and reach USD 541.2 million by the end of 2032. The factors such as rising demand for personalized medicines, increasing advancements in genomic research, increasing adoption of bioinformatics, and growing applications of genomics are surging the growth of the global gene prediction tools.

 

Gene prediction tools are computational algorithms and software applications designed to recognise and predict the position and structure of genes inside a DNA sequence. They are also known as gene finding tools or gene annotation tools. These tools are widely used in genomics and bioinformatics to assist researchers in understanding the genetic information contained within an organism's genome.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global gene prediction market was valued at USD 104 million in 2022 and is projected to grow at CAGR of 18% during 2023 and 2032, owing to the rising demand for personalized medicines.

The software segment accounted for a major market share of 64.5% in 2022 as gene prediction software allows customization of parameters, algorithms, and settings to fit unique requirements as per the application.

North America gene prediction tools market held a revenue share of 48.4% in 2022 as the developed countries in the region such as the United States and Canada, is home to numerous leading research institutions, universities, and biotechnology companies at the forefront of genomics research.

AzoLifeScience, Softberry Technologies, DNASTAR, Qiagen NV, Illumina, Inc., BGI Genomics, Genscript, Exiqon, Geneious, and Thermo Fisher Scientific, Inc.

Gene Prediction Tools Market Scope

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Premium Report Details

  • Base Year: 2018 to 2022
  • Companies covered: 10
  • Tables & Figures: 135
  • Countries covered: 21
  • Pages: 121
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