Persistence Market Research Released New Market Report on “Bioinformatics Market - Global Industry Analysis and Forecast to 2020” in the category "Biotechnology"
New York, NY -- (SBWIRE) -- 09/19/2014 -- Bioinformatics is the computational analysis used in storage and development of data. It is used for processing, analyzing, managing and organizing biological information. Bioinformatics analyzes variety of data using information technology, mathematics and biology to identify the biological importance. Bioinformatics is used for interpretation and analysis of various types of biological data such as amino acid sequences, protein structure and nucleotide.
Bioinformatics helps in implementation and development of tools for management of different types of information such as integrated mapping information and databases. Bioinformatics technologies have its applications in various sectors such as chemicals, clinical genomics, biotechnology, food safety, manufacturing, chemicals and pharmaceutical research and development. Bioinformatics reinforce and support different application areas such as gene regulation analysis, protein expression analysis, gene sequence analysis, gene expression analysis, systems biology, cancer mutation analysis comparative genomics, and drug development and discovery process.
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Bioinformatics is beneficial in variety of fields such as personalized medicine, gene therapy, molecular medicine, preventive medicine, drug discovery and development.
North America dominates the global market for bioinformatics due to presence of large number of players. In addition, rise in demand for proteomics and genomics in research is also driving the growth of the North American bioinformatics market. Asia is expected to witness high growth in bioinformatics market. Some of the major factors driving the growth of emerging bioinformatics markets in Asia are rising number of contract research organizations and increasing research outsourcing by pharmaceutical companies.
In recent times there is increased use of bioinformatics due to increasing R&D investments. Increasing initiatives by research institutes, increasing growth of proteomic and genomic in biotechnology and pharmaceutical research and development. Bioinformatics is also used to assist biomarkers in development processes and discovery of drugs. Rising need for integration and standardization of data, increased government initiatives and funding across various countries for bioinformatics are some of the key factors driving the growth for global bioinformatics market. In addition, decrease in cost of DNA sequencing is also fueling the growth for global bioinformatics market. However, lack of skilled labor for appropriate use of bioinformatics tools, lack of common data formats, integration of variety of data created through different bioinformatics platforms and complexity of data are some of the factors restraining the growth for global bioinformatics market.
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Introduction of new technologies such as cloud computing and nanopore sequencing for bioinformatics application and need for integrated systems and solutions for collection of data from various experiments conducted are some of the opportunities for global bioinformatics market. However, increasing consolidation within the industry, management of high volume data and lack of skilled labor for making appropriate use of bioinformatics are some of the challenges for global bioinformatics market. Some of the major companies operating in the global bioinformatics market are Agilent Technologies Inc, Illumina, Inc, Affymetrix, Inc., Life Technology Corporation, Accelrys, Inc, Partek, Incorporated, CLC Bio, Knome, Inc., Ocimum Biosolutions, Ltd., Accelrys, Inc. and Biomax Informatics Ag.
Key points covered in the report:
1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2. The report covers geographic segmentation
3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.
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