The Portugal Bioinformatics market is projected to grow from $46.05 Mn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The main factors driving the growth would be advancements in technologies and growing innovations in the healthcare industry. The market is segmented by technology and by application. Some of the major players include Ophiomics (PRT), GeneConnect (PRT), Agilent Technologies, IBM Life Sciences, and Eurofins Scientific.
The Portugal Bioinformatics market is projected to grow from $46.05 Mn in 2022 to $XX Bn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. In, 2019, the national health expenditure in Portugal was 9.53% of its GDP. Portugal has long had lower health spending per person and as a percentage of GDP than the rest of the EU. Portugal spent $2,221 per person on health in 2019, which is a third less than the EU average.
Bioinformatics is a field of research that combines biology and information technology. The techniques utilized in bioinformatics include data production, data warehousing, data mining, data management, and others. For applications like next-generation sequencing, modeling of genomic and proteomic structure, and three-dimensional drug discovery, bioinformatics software and tools are employed as integrated solutions to provide statistical approaches and data processing algorithms. Europe has the second-largest market share in the world's bioinformatics market. The second-largest market share in the world for bioinformatics is held by the European continent.
Market Growth Drivers
The Portugal bioinformatics market is expected to be driven by factors such as advancements in technologies and growing innovations in the healthcare industry. The World Index of Healthcare Innovation places Portugal in 17th place, up from 21st in 2020, with a total score of 46.92.
Market Restraints
Lack of standardization and the high cost of research and development of bioinformatics tools and software limits the growth of the bioinformatics market in Portugal.
Key Players
February 2022: Ophiomics entered into a collaboration with Biocartis Group NV, an innovative molecular diagnostics company. This collaboration focuses on the commercialization of HepatoPredict, a predictive gene expression signature test to assist in determining which individuals may benefit from surgical procedures with the goal of curing disease, particularly liver transplantation.
The National Health Service (SNS), which is publicly funded and aspires to offer universal access to healthcare services, administers Portugal's healthcare system. The Ministry of Health, which establishes guidelines and rules for the nation's healthcare systems, oversees the SNS.
In Portugal, both public and private healthcare service providers are allowed to operate under the country's mixed public-private healthcare model. All citizens are entitled to free access to public healthcare services, although those with sufficient financial means can also obtain private treatment.
The National Authority of Medicines and Health Products, which is in charge of guaranteeing that all medications and medical devices on the market are safe and effective, regulates healthcare services in Portugal. The authority also keeps an eye on the quality of medical care delivered in the nation and makes sure that healthcare workers are qualified and adhere to the required standards.
The National Health Service of Portugal sets the reimbursement guidelines for medical treatments (SNS). For citizens and legal residents, the SNS pays for the majority of healthcare expenses, such as hospital stays, doctor visits, and prescription medications. Co-payments or other charges might be necessary for some goods or medications, though.
Drugs and medical equipment that are deemed essential and are fully covered by the government are listed in the SNS. But not all medications and medical equipment are covered by the SNS, and some can cost the patient more money. Furthermore, private healthcare reimbursement procedures could be different from public healthcare procedures. The payment for private healthcare providers' services may vary depending on the contracts they have with health insurance providers or other payers.
1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Technology (Revenue, USD Billion):
By Application (Revenue, USD Billion):
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