Bioinformatics Market By 2017

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MarketsandMarkets Presents
Bioinformatics Market worth 7.5 Billion By
2017
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• 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

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• 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.

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• 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.

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• 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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