According to a new report by RNCOS, “Bioinformatics Market Outlook to 2015”
, the global bioinformatics industry has been witnessing a sharp pattern of growth for the past few years, mainly due to factors, such as declining costs of human genome sequencing, increasing R&D activities by public and private players, etc. As an impact, the bioinformatics sector has become one of fastest growing segments of global biotechnology industry attracting huge public and private sector investments. With a value worth around US$ 3 Billion in 2010, the market is further likely to progress at a significant growth rate in future.
We have found that the market for bioinformatics in India is performing exceptionally well, driven primarily by the outsourcing services. The Indian bioinformatics industry comprises vendors with origins in the life sciences domain or the IT domain. Factors, such as tracking of discovery activities, data analysis, and pharma research make India an attractive destination for the bioinformatics industry services. In 2010 alone, Indian bioinformatics market closed at about INR 2.45 Billion (US$ 49 Million). The market is expected to grow at a CAGR of around 10.5% from 2012 to 2015.
The report provides an extensive research and an in-depth analysis of the current status and future position of the global bioinformatics market. The future size of the overall market for the forecast period (2012-2015) has been included in the report to provide a realistic projection of the bioinformatics segments. Moreover, the report analyzes current developments, trends, and the present scenario of the regional bioinformatics market. Countries, such as the US, UK, Japan, India, China, and Australia have also been covered for serving the similar purpose.
The report makes use of credible resources to gather information and presents them in an effective manner. It also investigates and analyzes all the key developments including the important drivers and key challenges confronted by the industry. Moreover, it gives comprehensive summary on the performance of key bioinformatics market segments, which include: analysis software and services market, content/databases, and IT infrastructure.
In a nutshell, the report provides an optimum outlook on the global bioinformatics market that is likely to prove beneficial for clients and potential investors.
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