The research report “Global Bioinformatics Market Outlook” provides an updated and detailed overview of the worldwide Bioinformatics industry. It examines the emerging trends of the market and provides exclusive forecasts, market revenue of different product categories, and snapshots of different players in the industry.
The global Bioinformatics industry has grown at a double-digit growth rate in the past and is expected to follow the same pattern in the next four years. US remains the largest market in the world, but Asia-Pacific countries, particularly India and China, are witnessing the fastest growth and are anticipated to emerge as the dominating forces in future.
The content database market, with revenues of over US$ 800 Million in 2006, represents the largest segment in the market; however, it is the analytical software segment that is posting the fastest growth rate.
Bioinformatics is full of opportunities. The sector is poised to open new avenues for the other related sectors also. But the biggest opportunity area in the Bioinformatics market will be in the drug discovery sector. Reduction of both the cost and time taken to discover a new drug due to fast development in the Bioinformatics tools and software zone is also making drug discovery an attractive field to venture in.
Key Findings
- Genomics occupies the largest share out of the various Bioinformatics application areas, however, proteomics take the lead.
- Phenomenal development in Information Technology (IT) and the Internet have fuelled the growth of the Bioinformatics industry.
- By using computer-aided drug design, drug-designing companies can save over 30% in both the cost and time to discover a new drug.
- Patent protection and lack of standardization remain the biggest challenge for the Bioinformatics industry.
Key Issues and Facts Analyzed
- Evaluation of past, current and future market trends.
- Discussion of the major segments in the Bioinformatics market.
- An analysis of the major regions in the Bioinformatics market.
- Future prospects of the Bioinformatics market.
- Key application areas of the market.
- Profile discussion of key players in this sector.
Key Players Analyzed
This section provides an overview and key financial information of prominent players of the Bioinformatics market like IBM Life Sciences, Accelrys, Affymetrix, Applied Biosystems Group, Compugen Ltd, Ciphergen Biosystems, CuraGen Corporation, Celera Genomics Group, , Incyte Corporation and Tripos Inc.
Research Methodology Used
Information Sources
The information provided in the report has been sourced credible sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For the purpose of this report, the following segments have been considered as a part of the Bioinformatics market:
Analysis software and services, Content market and IT Infrastructure and services market
The following currency conversion has been taken in the report: 1 US$ = INR 40.81, AUS$ 1.18, €0.74, RMB 8.27
