Title: Bioinformatics Market By 2017
1MarketsandMarkets Presents
Bioinformatics Market worth 7.5 Billion By
2017
2- 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. - Browse 120 market data tables with 22 figures
spread through 364 pages and in-depth TOC on
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 http//www.marketsandm
arkets.com/Market-Reports/bioinformatics-39.html
3 4-
- This report studies the global bioinformatics mark
et over the forecast period 2012-2017. - 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 and others (home land security1
defense, law-enforcement groups, bio-weapon
creation, and evolutionary biotechnology). The
medical sector accounted for the lions 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 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.
5- Applications of bioinformatics in life sciences
research include genomics, proteomics, chemo
informatics, 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 nano pore sequencing and
cloud computing.
6- 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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