Major countries of the world have always tried to build strategies that ensure better development of strong biotechnology sector and towards this, bio-informatics has been playing a vital role. The Governments, leading associations, and market players are actively participating in creating an environment that facilitates bio-informatics research and boost intellectual and entrepreneur expertise. Despite recession, implementation & development of computational tools and frameworks for the management, analysis, and interpretation of biological information have remained the focal point of leading industrial players.
As per our new research report "Global Bioinformatics Market Outlook", a host of developments are taking place in genomics and molecular research which are likely to boost the bioinformatics industry. Moreover, significant advances in the field of proteomics and related technologies are being observed that may influence the way research and diagnostic analysis are performed. With the increasing R&D investments by various companies and the government support, we anticipate that the bioinformatics market will post higher growth rates in most of the countries, and the global bioinformatics industry will surge at a CAGR of nearly 26% during 2011-2013.
According to our study, the content market, including specialized databases and generalized databases, is the biggest segment in the global bioinformatics market. Though the content market's share is estimated to have declined in past, it is expected to continue maintaining its dominance in the bioinformatics industry in near future. In the content market, specialized databases dominated with around three-fourth share in 2010.
Bioinformatics play a vital role in supporting and strengthening several application areas, including genomics, proteomics, pharmacogenomics, and cheminformatics. Our report covers these areas and defines their market size and future projections. Other research areas of bioinformatics, like oncology have also been highlighted in the study, which is an outcome of an in-depth research and rational analysis of the global bioinformatics market and key players.
It investigates the current market trends in key countries and provides a knowhow on market drivers, which will provide clients with information that will facilitate them in taking prudent investment decisions. The study also includes statistical analysis of different segments along with technological trends to present a comprehensive overview of the market.