Bioinformatics Market Size, Share, Development, Growth and Demand Forecast to 2020

GLOBAL INDUSTRY INSIGHT:
Bioinformatics Market Size, Share, Development, Growth and Demand
Forecast to 2020

Global Bioinformatics Market Size, Share, Development, Growth
and Demand Forecast to 2020
The introduction and adoption of cloud computing and nanopore technology are expected to offer numerous
opportunities in the global bioinformatics market. The nanopore technology has been projected for getting used in
the study of crop science, deoxyribonucleic acid (DNA), ribonucleic acid (RNA), proteins and small molecules with
a range of applications in personalized medicine, and scientific research.
Bioinformatics is a discipline that deals with the retrieval, storage, processing, management and analysis of
organic information through computational techniques. Bioinformatics plays an important role in drug innovation
and improvement. The involvement of bioinformatics in storing, retrieving, analyzing and forming biological
information helps in efficiently managing enormous database associated with drug innovation and development.
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The global bioinformatics market can be broadly segmented on the basis of applications, products and services,
sectors and geographies. On the basis of products & services the bioinformatics market can be broadly bifurcated
into bioinformatics platforms, bioinformatics knowledge management tools and bioinformatics services. The
bioinformatics knowledge management tools segment can be further divided into specialized tools and
generalized tools. The bioinformatics platforms are further sub-divided into sequence alignment platforms,
sequence analysis platforms, structural & functional analysis platforms and sequence manipulation platforms. The
bioinformatics services segment is again segmented into database & management, sequencing services and data
analysis.
On the basis of sector, the global bioinformatics market is fundamentally divided into forensic biotechnology,
medical biotechnology, academics, environmental biotechnology, animal biotechnology and agriculture
biotechnology. The medical biotechnology segment can be further classified into molecular medicine, drug
development, gene therapy, clinical diagnostics and reproductive biotechnology. Based on applications, the
market is categorized into molecular phylo genetics, chemo informatics & drug design genomics, proteomics,
transcriptomics and metabo lomics.
Bioinformatics technologies are used in various pharmaceutical and biotechnology sectors. They are mainly used
in the medical sector, which is driven by the increasing use of bioinformatics for the drug development and
discovery process. Falling prices of DNA sequencing and increasing government initiatives to boost bioinformatics
based life sciences research activities are the two major growth drivers of the global bioinformatics market. Some
of the other drivers contributing to growth the of global bioinformatics market includes, increasing demand for
bioinformatics as a consulting solution by pharmaceutical manufacturers and medical devices, in an effort to
accelerate and improve manufacturing processes, with the increasing need for bioinformatics in data
incorporation and warehousing.
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Global Bioinformatics Market Size, Share, Development, Growth
and Demand Forecast to 2020
Moreover, the use of bioinformatics helps in optimizing the research and development process by post clinical
trials and thoroughly managing the large amount of data, thereby accelerating and simplifying the process of drug
target acknowledgement.
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North America dominated the global bioinformatics market in 2013, by holding approximately 42% of the market
share. The availability of encouraging government support in terms of funding and large number of research
initiatives carried out in the region are some of the factors responsible for worldwide dominance of the region. The
Asia-Pacific bioinformatics market is projected to be the fastest growing regional market in the forecast period.
High availability of trained labors in countries such as, China and India with low labor costs has inspired
manufacturers to stick upon contract research outsourcing strategies for limiting costs, which has enormously
contributed to the growth of Asia-Pacific bioinformatics market.
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Some of the key competitors within the global bioinformatics market include Tripos, LP, Affymetrix, Inc, Agilent
Technologies, Illumina, Inc., Helicos Biosciences Corporation, IBM Life Sciences, Thermo Fisher Scientific Inc,
Rosetta Inpharmatics LLC, Celera and others.
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Global Bioinformatics Market Size, Share, Development, Growth
and Demand Forecast to 2020
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