The global bioinformatics market is expected to grow at a CAGR of around 19% during 2014-2018, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 06/13/2014 -- Global bioinformatics industry has become one of the most potential industries with the rapidly growing demand from various industries such as pharmaceutical industry. Now-a-days, the pharmaceutical industry is increasingly getting dependent on bioinformatics due to the growing advancements in the bioinformatics field. And more and more pharmaceutical players are in the hunt for help from bioinformatics to lighten concerns related to increasing number of blockbuster drugs going off-patent, narrow product pipelines and high drug development costs.
As per our latest research report “Global Bioinformatics Market Outlook 2018”, Global bioinformatics market is growing immensely on the back of declining costs of human genome sequencing, huge R&D investments by public and private players, rising application of Bioinformatics in various new fields such as food, agriculture etc. Moreover, current industry trends such as growing strategic collaborations and rapid technological upgradation in the industry are also playing pivotal roles in the development of bioinformatics market. Considering the above factors, the global bioinformatics market is anticipated to grow at a CAGR of around 19% during 2014-2018.
Our report provides a critical analysis and an unbiased view into the state of the global bioinformatics industry, including the current and future market size for various industry segments. It also features bioinformatics market performance for various application areas such as genomics, proteomics, cheminformatics, transcriptomics and molecular phylogenetics etc. In addition to that, the report analyzes regional global bioinformatics industry performance. The research includes an in-depth country level analysis of bioinformatics market covering study of current market scenario and future market outlook of major bioinformatics markets.
Besides, our study also delves into the competitive landscape covering business overview, key financials and key strategic initiatives of major bioinformatics players worldwide. Overall, the report provides a comprehensive view of global bioinformatics market to facilitate our clients to make strategic decisions.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.