The Latin American bioinformatics market displays a lucrative growth potential. It is estimated to grow at a CAGR of 22% from 2012 to 2017 to reach $627 million by 2017.
Dallas, TX -- (SBWIRE) -- 04/02/2014 -- The “Latin American Bioinformatics Market by Sector (Agriculture, Molecular Medicine, Research & Animal), Segment (Sequencing Platforms, Knowledge Management Tools & Data Analysis Services) & Application (Genomics, Proteomics & Drug Design) - Forecasts to 2017” analyzes and studies the major market drivers, restraints, opportunities, and challenges in Brazil, Mexico, Chile, Argentina, Peru, and Rest of Latin America.
Browse more than 133 market data tables with 23 figures spread through 257 pages and in-depth TOC on "Latin American Bioinformatics Market"
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This report studies the Latin American bioinformatics market over the forecast period of 2012 to 2017. The market was valued at $232 million in 2012 and is poised to grow at a CAGR of 22% from 2012 to 2017, to reach $627 million by 2017.
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Based on the use of bioinformatics, the various sectors covered in this report are medicine, agriculture, environment, animal, forensic, academics, and others (homeland security and defense, law-enforcement groups, bioweapon creation, antibiotic resistance, and evolutionary biotechnology).
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Based on products and services, the bioinformatics market is categorized as knowledge management tools, platforms, and services. These segments are integral components of application areas such genomics, proteomics, and other life science research, and are used for the acquisition, development, management, analysis, and integration of huge amounts of data generated during biological research. Knowledge management tools dominated the bioinformatics market in 2012, followed by platforms and services. Knowledge management tools are majorly used by researchers to handle large volumes of heterogeneous information and to integrate them with existing knowledge repositories.
The bioinformatics market has several practical applications in fields that generate large data sets. In this report, the various applications of bioinformatics include genomics, proteomics, chemoinformatics, molecular phylogenies, metabolomics, transcriptomics, and others.
Brazil was the largest market in 2012 with 40% share of the Latin American bioinformatics market, followed by Mexico. However, Chile and Peru represent the fastest-growing markets due to the initiatives taken by these nations with regards to skills development of researchers as well as the ongoing academic collaborations to facilitate the adoption of bioinformatics in life sciences research.
The major players in the bioinformatics industry include Agilent Technologies, Inc. (U.S.), Affymetrix, Inc. (U.S.), Life Technologies Corporation (U.S.), Illumina, Inc. (U.S.), and CLC Bio (Denmark).
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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
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