Bioinformatics Market By Sector (Molecular Medicine, Agriculture, Research & Forensic), Segment (Sequencing Platforms, Knowledge Management Tools & Data Analysis Services) & Application (Genomics, Proteomics & Drug Design) - Global Forecasts to 2017
Bioinformatics is a scientific discipline that deals with the retrieval, storage, processing, analysis, and management of biological information through computational techniques. It uses mathematics, biology, and information technology to understand the biological importance of an extensive variety of data. Bioinformatics technologies are used in various pharmaceutical and biotechnology sectors. It is majorly used in the medical sector, driven by the increasing use of bioinformatics for the drug discovery and development process.
The global bioinformatics market was valued at $2.9 billion in 2012 and is poised to reach $7.5 billion by 2017 at a CAGR of 20.9%. The growth of the bioinformatics market is driven by decrease in cost of DNA sequencing, increasing government initiatives and funding, and growing use of bioinformatics in drug discovery and biomarkers development processes. It is expected that the market will offer opportunities for bioinformatics solutions manufacturers with the introduction and adoption of upcoming technologies such as nanopore sequencing and cloud computing. However, factors such as dearth of skilled personnel to ensure proper use of bioinformatics tools and lack of integration of a wide variety of data generated through various bioinformatics platforms are hindering the growth of the market. Manufacturers of bioinformatics solutions will face further challenges with regard to industry consolidation and management of high volume data.
North America accounted for the largest market share of the bioinformatics market, followed by Europe, in 2012. However, Asian and Latin American countries represent emerging markets, owing to a rise in research outsourcing by pharmaceutical giants, increasing number of Contract Research Organizations (CROs), rise in public and private sector investment, and growing industry -academia partnerships. The major players in the bioinformatics market are Accelrys, Inc. (U.S.), Affymetrix, Inc. (U.S.), Life Technologies Corporation (U.S.), Illumina, Inc. (U.S.), and CLC bio. (Denmark).
Scope of the Report
This research report categorizes and analyzes the global bioinformatics market on the basis of sectors, product and services, and applications. These markets are further divided into segments and sub-segments, to provide exhaustive value market analysis for the years 2010, 2011, 2012, and forecast to 2017. Each market is comprehensively analyzed at a granular level by geography (North America, Europe, Asia-Pacific, and Rest of the World) to provide in-depth information on the global scenario.
Global Bioinformatics Market, By Sector
Medical Biotechnology
Drug Development
Clinical Diagnostics
Molecular Medicine
Personalized Medicine
Preventive Medicine
Gene Therapy
Reproductive Biotechnology
Academics
Animal Biotechnology
Agriculture Biotechnology
Crop yield Improvement
Pests resistance
Improvement of plant resistance against abiotic stresses
Nutritional Quality Improvement
Others
Environmental Biotechnology
Waste Clean-Up
Alternative Energy Sources
Climate Change Studies
Forensic Biotechnology
Others
Global Bioinformatics Market, By Products & Services
Bioinformatics Knowledge Management Tools
Generalized Tools
Specialized Tools
Bioinformatics Platforms
Sequence Analysis Platforms
Sequence Alignment Platforms
Sequence Manipulation Platforms
Structural & Functional Analysis Platforms
Others
Bioinformatics Services
Sequencing Services
Database & Management
Data Analysis
Others
Global Bioinformatics Market, By Application
Genomics
Chemoinformatics & Drug Design
Proteomics
Transcriptomics
Metabolomics
Molecular phylogenetics
Others
Bioinformatics Market, By Geography
North America
Europe
Asia-Pacific
Rest of the World
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