Navigation Links
Global Bioinformatics Market - Industry Size, Market Share, Trends, Analysis And Forecast 2013 - 2019
Date:11/21/2013

Albany, New York, USA (PRWEB) November 21, 2013

According to a new market report "Bioinformatics Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012 - 2018," published by Transparency Market Research, the global bioinformatics market is estimated to reach market size worth USD 9.1 Billion in 2018. The market is forecasted to record double digit growth, with highest revenue contribution from the bioinformatics platforms segment.

The global bioinformatics market, estimated at USD 2.3 billion in 2012 is forecasted to reach a market size of USD 9.1 billion in 2018, at a CAGR of 25.4% from 2012 - 2018. The market growth is driven by rise in applications across various industries. The key contribution to the market demand is from fields such as agriculture biotechnology, pharmaceutical research and development, medical and clinical diagnostics, and other life-sciences related industries.

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/bioinformatics-market.html.

The bioinformatics platform holds the largest market share and is estimated to account for nearly 50% of the market revenue. The services market currently holds a relatively smaller market share, however is expected to increase considerably over the forecast period. The bioinformatics platform segment is the fastest growing market and is expected to contribute 54% of the total market growth during the same period.

The demand across genomics and wide application in the medical and biological information sector is driving the demand for bioinformatics platforms and services in the global market. The research outsourcing by pharmaceutical giants in the fields involving bioinformatics content is a significant driver of the global bioinformatics market. These companies in efforts to reduce time and cost on R&D activities involved in the development of novel drugs and new applications for existing drugs, are looking for outsourcing services for bioinformatics knowledge and management tools, platforms, and services.

Global market for bioinformatics is expected to reach $8.3 billion over the year 2014 at the CAGR of 24.8% during the forecasted period. With the increasing demands from US and Europe, among all major segments bioinformatics platforms market is expected to have the maximum share. Developing economies like US and Europe are biggest consumers of this market and this trend is supported by increasing demand for sequencing platforms with growing research in the field of life sciences using the techniques like gene expression analysis, protein expression analysis, and sequence analysis.

Related Report: Biopesticides Market
http://www.transparencymarketresearch.com/biopesticides-market.html

Bioinformatics have gained high importance in recent years due to its ability to generate rapid clinical research and its variety of applications like molecular science and gene therapy. It makes use of information technology, algorithms, and statistics for integrating biological data. Most pharmaceutical companies are now adopting automated technologies for manufacturing effective drugs and therapies due to rising concerns towards drug safety and strict regulations governing clinical trials for drug discovery. Pharmaceutical companies are focusing on improving the manufacturing process and quality to withstand the current competitive scenario for price escalation and product differentiation.

Browse Blog: http://www.tmrblog.com/.
Browse all Market Research reports: http://www.transparencymarketresearch.com.

Read the full story at http://www.prweb.com/releases/2013/11/prweb11357325.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Global Dental Equipment Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
2. University of Tennessee professor receives Gates Foundation Award to reinvent condom, improve global health
3. Global Animal Health Market Report 2013 Edition Research at MarketReportsOnline.com
4. Tinnitus Global Clinical Trials Review, H2, 2013
5. Global And China MRI Industry 2013 Market Research Report
6. BCC Research Publishes A New Report On Global Markets For Bariatric Surgery Devices
7. Randy Schroeder Named “Networker of the Year” at Obtainer Global Direct Selling Forum
8. Global Microscopy Devices Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
9. Wind Power - Global Market Size, Turbine Market Share, Installation Prices, Regulations and Investment Analysis to 2020
10. Carbon Nanotubes Market 2014 to 2018 Global Forecasts and Analysis in New Research Report at ReportsnReports.com
11. Global mHealth Market - Mobile Health Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... ... As health professionals work to improve their approach to healthcare, there is a ... filling out a survey; in many cases health professionals and patients are working together ... research on the importance of active engagement with patients and members of the public ...
(Date:10/13/2017)... ... October 13, 2017 , ... PurhealthRX , a leading Health and ... Applying the Purzorb™process to full spectrum CBD oil will revolutionize the rapidly growing CBD ... that can be easily incorporated into liquid products, while reducing costs to end users. ...
(Date:10/13/2017)... ... 2017 , ... Many families have long-term insurance that covers care for a ... waiver for care if the client has a cognitive impairment diagnosis. , “What ... is often waived, so the benefits from their insurance start immediately,” said Mechell Vieira, ...
(Date:10/13/2017)... ... October 13, 2017 , ... Yisrayl Hawkins, Pastor and ... explains one of the most popular and least understood books in the Holy Scriptures, ... puzzling descriptions that have baffled scholars for centuries. Many have tossed it off as ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian history ... The Brink” is the creation of published author, William Nowers. Captain Nowers and ... WWII veteran, he spent thirty years in the Navy. Following his career as ...
Breaking Medicine News(10 mins):
(Date:9/23/2017)... Janssen Biotech, Inc. (Janssen) announced today that ... U.S. Food and Drug Administration (FDA) for the Biologics ... treatment of moderately to severely active rheumatoid arthritis (RA). ... needed to further evaluate the safety of sirukumab in ... "We are disappointed ...
(Date:9/19/2017)... , Sept. 19, 2017 HistoSonics, Inc., a venture-backed medical device company developing ... of targeted tissues, announced three leadership team developments today:   ... ... ... Veteran medical device executive Josh Stopek ...
(Date:9/18/2017)... PROVIDENCE, R.I. , Sept. 18, 2017 ... in the fields of bioinformatics and immune ... to develop a protective avian influenza A (H7N9) vaccine. ... is distantly related to seasonal influenza and ... approaches, which rely on prior exposure to be ...
Breaking Medicine Technology: