Global Market for Bioinformatics to touch $2.4 billion in 2011
Hyderabad, 21 Mar 2011 — According to the new market research report from Industry Experts ‘Bioinformatics — A Global Market Overview’, global market for bioinformatics is estimated at about $2.4 billion in 2011 and further projected to reach $7.6 billion by 2017 registering a CAGR of 18.3% during the period 2007–2017.
At the beginning of the “genomic revolution”, Bioinformatics was applied in creating and maintaining a database that stored biological information, such as nucleotide and amino acid sequences. Development of this type of database involved not only design issues but also the development of complex interfaces, whereby researchers could access existing data, in addition to submitting new or revised data.
Market for Bioinformatics product categories analyzed in this study includes Bioinformatics Content, Bioinformatics Analysis Software & Services and Bioinformatics IT Infrastructure & Other Services. The report also includes the market analysis for end-use application analysis of Bioinformatics — Biopharma & Diagnostics, Genomics, Agriculture, Chemicals and Environmental & Other.
The report reviews, analyses and projects the Bioinformatics market for global and the regional markets including the United States, Europe, Asia-Pacific and Rest of World. The regional markets further analyzed for 5 independent countries across Europe -France, Germany, the United Kingdom and Rest of Europe; Asia-Pacific — India, Japan and Rest of Asia-Pacific.
This 264 page global market report includes 109 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region, product category and application area. The brief business profiles of 57 key global players and 76 major players across the United States — 40; Europe — 23; Asia-Pacific — 10; and Rest of World — 3 are included in the report. The report also provides the listing of the companies engaged in research and development, equipment manufacturing, processing, supplies and distribution of Bioinformatics. The global list covers the addresses, contact numbers and the website addresses of 473 companies.
For more details, please visit http://industry-experts.com/verticals/biotechnology/bioinformatics-a-global-market-overview.html