Bioinformatics Market Boosted By Advancements In Genetics
The global bioinformatics
market is expected to be valued at US$9.1 bn by the end of 2018.
It is shown to expand at a positive CAGR in a research report
released by Transparency Market Research. The report, titled “Global
Bioinformatics Market - Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2014 - 2020,” talks about the key factors that
have and will influence this market for the given forecast period.
Bioinformatics is the
management of information generated from R&D efforts combined
under biopharmaceuticals, life sciences, and biotechnology. It
applies computer technology to compile and store the data, which can
later be analyzed and integrated with other biological and genetic
data. The key reason for the foundation as well as the proliferation
of the global bioinformatics market is the massive amounts of data
generated in the Human Genome Project. This data was made public and
gave rise to the need for bioinformatics.
Browse The Report:
https://www.transparencymarketresearch.com/bioinformatics-market.html
The current growth rate of the
global bioinformatics market is supported by the latest advancements
by research organizations in the study of genetics. It was estimated
that the amount of genetic data entries would double every 15 years.
With the perceived sum being too large to be supported by current
data entry programs, players are beginning to accelerate the
development rates on bioinformatics.
In terms of applications, the
global bioinformatics market was dominated by the molecular medicine
segment in 2013. The report expects the segment of bioinformatics
drug development to exhibit the fastest growth rate during the
forecast period of 2014 to 2020.
The global bioinformatics
market is segmented based on platforms, services, and tools. The
global bioinformatics market was led by the segment of bioinformatics
platforms in 2013. On the other hand, the segment of bioinformatics
services is likely to grow the fastest during the forecast period of
the report.
Geographically, the report put
North America at the top of the global bioinformatics market as this
region held the largest share in the market in 2013. It was followed
by Europe in terms of developments and market revenue. Bioinformatics
has thrived in both the regions due to the high investment rates in
research and development efforts, a faster rate of implementation of
newer technologies, an already advanced scientific and regulatory
framework, and an economy developed enough to support this field. At
the same time, Asia Pacific is also showing the promise of being a
lucrative market for bioinformatics in the near future, owing to
rapidly evolving infrastructure in scientific fields, the
improvements in government and private funding, and the rising
literacy and awareness rates.
Within the report’s forecast
period, Latin America is expected to show a faster rate of
development in bioinformatics than the Rest of the World region.
The key players in the global
bioinformatics market are Illumina, Inc., ID Business Solutions,
Ltd., Life Technologies Corporation, GenoLogics Life Sciences
Software, Inc., CLC bio A/S, Agilent Technologies, Inc., Affymetrix,
Inc., and Accelrys, Inc.
About
Us
Transparency Market Research
(TMR) is a next-generation provider of syndicated research,
customized research, and consulting services. TMR’s global and
regional market intelligence coverage includes industries such as
pharmaceutical, chemicals and materials, technology and media, food
and beverages, and consumer goods, among others. Each TMR research
report provides clients with a 360-degree view of the market with
statistical forecasts, competitive landscape, detailed segmentation,
key trends, and strategic recommendations
U.S.
Office
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free:
866-552-3453
Email:
sales@transparencymarketresearch.com
Comments
Post a Comment