According to a new research report by RNCOS, “Indian Bioinformatics Market Forecast to 2015”, despite accounting for a meager 2% in the biotech industry, the Indian bioinformatics market has become one of the most prominent segments in recent times. The market, which is likely to reach around US$ 140 Million by FY 2015, is boosted by factors, such as presence of skilled workforces, impressive infrastructure, among others. Moreover, the latest trends in the field that can further contribute to the future growth of the segment include translational bioinformatics, personalized medicine, and genomics.
Our research has revealed that the core R&D strength in Indian bioinformatics is its relatively well-educated and trained labor force. India has a strong pool of highly qualified researchers who are available at a significantly lower cost, as compared to developed nations. Outsourcing bioinformatics tasks to India thus offers about 30-40% costs savings in overall drug discovery research, and close to 60% cost savings when outsourcing core bioinformatics services.
The report depicts a complete picture of Indian bioinformatics market, its current and future position in the biotech industry, and key drivers and restraints. It prudently evaluates the underlying opportunities for market participants by analyzing the advantages that India as a country offers in the biotech sector. Moreover, the report effectively elaborates restraints and features of the Indian bioinformatics market and a brief description of market players actively supporting the industry developments.
Overall, the report is an outcome of an extensive research and prudent analysis of the current status and expected position of the Indian bioinformatics market. Forecasting in key areas of the report makes use of proper methods and techniques that seek to facilitate the presentation of reliable projection. Overall, the report is meant to be a complete source of knowledge and analysis for clients interested in Indian bioinformatics market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM412.htm
Some of our Related Reports are:
- Bioinformatics Market Outlook to 2015 (http://www.rncos.com/Report/IM382.htm)
- Global Bioinformatics Market Outlook (http://www.rncos.com/Report/IM554.htm)
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