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://w...