Strong Investments to Boost Global Bioinformatics Market

Backed by factors, like significant advances in technologies and investment patterns, the global bioinformatics industry will grow at the CAGR of 26% during 2011-2013, RNCOS identified.

NOIDA, India (prHWY.com) February 23, 2011 - According to our latest report entitled "Global Bioinformatics Market Outlook", the global bioinformatics industry has been witnessing a remarkable growth rate pattern for the past few years. Factors, such as increasing R&D investments by companies and regulatory support boosted the market revenue to reach around US$ 2.6 Billion in 2009. As the bioinformatics market is at the nascent stage, its full potential is yet to be exploited. Moreover, there are significant advances in technologies that will boost the bioinformatics industry in future. It is expected that the market will grow at a CAGR of nearly 26% during 2011-2013 to reach US$ 6.2 Billion.

Our report has found that the escalating importance of personalized medicines has significantly augmented the growth level in proteomics market. Rising awareness of protein research and its study has opened the market for different proteomic-related equipments, technologies, and services. It is estimated that by 2013, the proteomics market will be worth around US$ 17 Billion and it will act as an important contributor in the growth of bioinformatics.

The report divides overall bioinformatics market in three key segments namely analysis software & services, content & IT infrastructure, and other services. All the three segments are likely to grow at a fast pace in coming years mainly due to the rise in investments level by the government and private players. Key applications areas in the reports are genomics, proteomics, pharmacogenomics, and drug discovery & cheminformatics. All these areas represent tremendous opportunity for the global bio-informatics industry.

Our report "Global Bioinformatics Market Outlook" provides extensive information and rational analysis of the global bioinformatics market and emerging trends. Countries, such as the US, the UK, Japan, India, and China have been covered and analyzed in a prudent manner. Forecast till the year 2013 makes use of reliable methods and techniques that seek to present a realistic view of the industry in future. Last but not the least, profiling and recent developments of key market players have also been covered in the report.

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: genomics market size

Categories: Technology

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