Specialized Database Dominates Global Bioinformatics Content Market
The bioinformatics market has been growing at a rapid pace across the globe for thepast few years on back of increasing R&D investments by private players and regulatory support. According to a new research report by RNCOS, the content market is the biggest segment in the global bioinformatics industry, and includes specialized and generalized databases. Specialized database dominated the content market in 2010 with around three-fourth share. In the past few years, the content markets share has declined in the bioinformatics industry, but it is expected to continue maintaining its dominance.
The Global Bioinformatics Market Outlook further says that the bioinformatics market is at its nascent stage and its full potential is yet to be exploited. Various developments are taking place in genomics and molecular research which would help the industry grow. Moreover, significant technological advancements will give an additional boost to the global bioinformatics market, which is expected to expand at a CAGR of nearly 26% during 2011-2013. Increasing investments by pharmaceutical and biotechnology companies to speed up their drug discovery process will also fuel growth in the market.
The research report has segmented the bioinformatics industry into analysis software & services market, content market, and IT infrastructure & other services market. It studies the analysis software and services market and its applications into genomics, proteomics, pharmacogenomics, and drug discovery. The bioinformatics IT infrastructure market has been further segmented into hardware, services and software markets. Investigating the current market trends in some of the prominent countries, the report provides information on key drivers that facilitates the process of understanding the market structure. Statistical analyses of different segments and detailed information on technological trends have also been covered in the research to present a comprehensive market overview. It also includes key players activities and other market developments to give a balanced outlook of the industry.
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by: Shushmul Maheshwari