Tuesday, March 1, 2011

Strong Investments to Boost Global Bioinformatics Market

According to our latest report entitled “Global Bioinformatics Market Outlook”, the global bioinformatics industry has been witnessing a remarkable growth rate pattern for the past few years. Factors, such as increasing R&D investments by companies and regulatory support boosted the market revenue to reach around US$ 2.6 Billion in 2009. As the bioinformatics market is at the nascent stage, its full potential is yet to be exploited. Moreover, there are significant advances in technologies that will boost the bioinformatics industry in future. It is expected that the market will grow at a CAGR of nearly 26% during 2011-2013 to reach US$ 6.2 Billion.
Our report has found that the escalating importance of personalized medicines has significantly augmented the growth level in proteomics market. Rising awareness of protein research and its study has opened the market for different proteomic-related equipments, technologies, and services. It is estimated that by 2013, the proteomics market will be worth around US$ 17 Billion and it will act as an important contributor in the growth of bioinformatics.

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