Global Bioinformatics Market To Grow At 25% Cagr In 2012-2015
According to a new report by RNCOS, the worldwide bioinformatics market has been growing at a double-digit growth rate over the past few years. Declining cost of human genome sequencing and other key factors led to create a market worth around US$ 3 Billion in 2010. The future outlook of bioinformatics market seems very optimistic, propelled highly by R&D activities in pharmaceutical and biotech sector. Owing to new advanced sequencers, the cost for human genome sequencing is anticipated to see a decline of US$ 1,000 by 2014, thus creating significant growth opportunities.
Research Analysis & Highlights
The report titled Bioinformatics Market Outlook to 2015 provides an in-depth research and rational analysis of the current status and expected position of the global bioinformatics market. It projects the future size of the overall market for the period spanning from 2012-2015 and covers effective description of the key drivers that will propel the growth of the same. Moreover, the report forecasts the future performance of key segments of the bioinformatics market for the same period. It analyzes the opportunity assessment for companies in the global bioinformatics market in terms of innovative products and leading technologies.
Additionally, market analysis in key regions of the world along with recent industry developments has also been included in the report to provide a balanced outlook on the potentials of the global bioinformatics sector.
Some of the key findings of the report are:
- The market for Bioinformatics in India is performing exceptionally well, driven primarily by outsourcing services.
- Analysis Software & Services Market to account for the largest pie in the total industry in the coming years, leaving behind content/databases segment.
- Pharmacogenomics turns out to be a key market driver as drug development and discovery strengthens.
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by: Sara Matthews