In the absence of any dominant player, the market is distributed between numerous small companies, stagnating the overall industrial growth, says RNCOS.
(prHWY.com) March 20, 2013 - NOIDA, India -- As per the new research report by RNCOS, "Indian Bioinformatics Market Forecast to 2015", bioinformatics is one of the fastest growing areas in the biotechnology sector in India. This emerging sector comprises of around 200 small companies that lack the capital to invest in R&D. This has resulted in lack of innovation, hampering the market growth.
Our research has found that the market, which is expected to grow at a growth rate of around 26% during 2012-2015, is being largely stimulated through various government initiatives, which see a great potential in it. India possesses a strong pool of skilled workforces and an impressive infrastructure being actively upgraded by the government. Besides globally, the demand has been hugely spurred by growth in personalized medicine and translational genomics. In such a scenario, private players stand a golden chance to increase their participation and boost growth.
The report depicts a complete picture of Indian bioinformatics market, its current and future position in the biotech industry, and key drivers and restraints. It prudently evaluates the underlying opportunities for market participants by analyzing the advantages that India as a country offers in the biotech sector. Moreover, the report effectively elaborates restraints and features of the Indian bioinformatics market and a brief description of market players in the industry.
The report is an outcome of an extensive research and prudent analysis of the current status and expected position of the Indian bioinformatics market. Forecasting in key areas of the report makes use of proper methods and techniques that seek to facilitate the presentation of reliable projection. Overall, the report is meant to be a complete source of knowledge and analysis for clients interested in Indian bioinformatics market.
For FREE SAMPLE of this report visit:
http://www.rncos.com/Report/IM412.htm
Some of our Related Reports are:
- Bioinformatics Market Outlook to 2015 (
http://www.rncos.com/Report/IM382.htm)
- Global Bioinformatics Market Outlook (
http://www.rncos.com/Report/IM554.htm)
Check Related REPORTS on: http://www.rncos.com/Science%20&%20technology.htm
About RNCOS
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.
###