Last updated on April 24, 2014 at 1:21 EDT

Bioinformatics Market Worth $7.5 Billion by 2017

June 18, 2013

DALLAS, June 18, 2013 /PRNewswire/ –

The “Bioinformatics Market By Sector (Molecular Medicine, Agriculture, Research &
Forensic), Segment (Sequencing Platforms, Knowledge Management Tools & Data Analysis
Services) & Application (Genomics, Proteomics & Drug Design) – Global Forecasts to 2017″,
analyzes and studies the Major Market Drivers, Restraints, and Opportunities in North
America, Europe, Asia-Pacific and Rest of World.


        - 120 Market Data Tables
        - 22 Figures
        - 364 Pages and an in-depth Table of Content on "Bioinformatics Market"


Early buyers will receive 10% customization on this report.

This report studies the global Bioinformatics Market over the forecast period

The Global Bioinformatics Market was valued at $2.9 billion in 2012 and is poised to
reach $7.5 billion by 2017 at a CAGR of 20.9%. Bioinformatics Technologies are used in
various pharmaceutical and biotechnology sectors to support their growth.

Major sectors that use bioinformatics tools and services are:

        - Medicine
        - Agriculture
        - Environment
        - Animal
        - Forensic
        - Academics
        - Others (Home Land Security & Defense, Law-Enforcement Groups, Bio-Weapon
          Creation, and Evolutionary Biotechnology).

The Medical Sector accounted for the lion’s share of the Bioinformatics Market, owing
to the increasing use of bioinformatics in the drug discovery and development process.

Product and services in the Bioinformatics Market
[http://www.marketsandmarkets.com/Market-Reports/bioinformatics-39.html ] comprise of
Platforms, Knowledge Management Tools, and Services. The Bioinformatics Platforms Market
is the fastest-growing segment, as they play a crucial role in quick and easy analysis and
manipulation of large amounts of data obtained from NGS projects.

Applications of Bioinformatics in Life Sciences Research include Genomics, Proteomics,
Chemoinformatics, Molecular Phylogenetics, Metabolomics, Transcriptomics, and others
(Glycomics, Cytomics, Physiomics and Interactomics). Genomics commands the largest share
of the bioinformatics application market.

The decreasing cost of DNA sequencing, increasing funding from government and private
organizations, and technical advancements in bioinformatics tools and platforms are
propelling the market. Dearth of a common data format for integration of data, lack of
well-defined standards, and shortage of skilled bioinformatics professionals are major
hurdles to growth of the market. It is expected that the market will offer growth
opportunities for bioinformatics solutions manufacturers with the introduction and
adoption of upcoming technologies such as nanopore sequencing and cloud computing.

North America accounted for the largest market share of the bioinformatics market,
followed by Europe, in 2012. However, other regions such as Asian and Latin American
countries represent emerging markets, owing to a rise in research outsourcing by
pharmaceutical giants, increasing number of Contract Research Organizations (CROs), rise
in public and private sector investment, and growing industry-academia partnerships.

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