Bioinformatics is at the forefront of biotechnology revolution. Over the past decade, the bioinformatics market has significantly evolved across the globe owing to increasing application of genomics in biotech and pharmaceutical research & development. Alongside, a rising demand in application areas such as Cheminformatics for drug discovery processes has created a huge commercial market for bioinformatics worldwide.
Bioinformatics’ application has spread out from its traditional base in pharmaceutical sector for drug discovery development to areas such as agriculture and food. Moreover, the increasing application of genomics in biotech and pharmaceutical research & development has created a huge commercial market for bioinformatics worldwide.
In their latest research study, “Global Bioinformatics Market Outlook 2018”, RNCOS’ analysts identified that the global bioinformatics market reached the mark of around US$ 3.8 Billion in 2013 and it is anticipated to grow at a CAGR of around 19.3% during 2014-2018. Also, various trends and drivers have been discussed in the report which provides a requisite boost to the industry to grow in near future.
The report studies bioinformatics market broken down into 3 major groups viz. by segment, by region and by application. By segment, the bioinformatics market is divided into data analysis and software, tools and database services, and IT Infrastructure. The report provides a comprehensive analysis of each of these segments coupled with the information of the key software and databases popular in the industry. Also, the report analyzes the wide application of bioinformatics in genomics, proteomics, Transcriptomics, Cheminformatics and Molecular Phylogenetics covering size of the bioinformatics market for each of these application areas till 2018.
Further, regional analysis comprises a current market study and future outlook of bioinformatics market in three major regions viz. Europe, Asia-pacific and North America. Additionally, through country level analysis, the report portrays bioinformatics market in major countries like US, Canada, UK, Germany, South Korea, Japan, India etc., to understand their individual market growth and future directions.
With a view to providing a balanced outlook of the global bioinformatics market to clients, our report also includes the profiles of key industry players, like Accelrys, Affymetrix, Geneva Bioinformatics, among others. Overall, the report aims at providing an in-depth knowledge about the global bioinformatics market to clients and investors.
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