## Opiniones | Opinions | Editoriales | Editorials

### The Bioinformatics Market is Expected to Grow to $12.86 Billion by 2020 With a CAGR of 21.2% During 2014-2020: Big Market Research PORTLAND, Oregon | PRNewswire The bioinformatics market is expected to grow to$12.86 billion by 2020 with a CAGR of 21.2% during 2014-2020. Bioinformatics is an interdisciplinary field that is used in the development and storage of data, thus helping in the analysis, organization and retrieval of the biological data. Bioinformatics has various applications and thus forms part of almost all the fields in biology. Bioinformatics form a part of agriculture, animal breeding, molecular medicine, preventive medicine, etc.

The major factors driving the bioinformatics market is the need for integrated data, rising demand for drug development and discovery, the increasing focus in genomics & proteomics and the favourable government initiatives. The factor limiting this market is the need for skilled personnel due to the complexity of the bioinformatics tools used. The other limiting factors are the saturation of the pharmaceutical sectors and lack of common data formats. The factors that would provide opportunity for the growth of this market are standardization of databases, need for integration systems and solutions and need to control data overload due to the piling-up of data due to the numerous experiments conducted. The reason to study this market is to understand the current trends and applications in the bioinformatics field along with in depth analysis of the segments.

Bioinformatics Technology and Services Market Analysis

The bioinformatics technology and services market is segmented into knowledge management tools, bioinformatics platforms and bioinformatics services. The Bioinformatics platform market was the highest revenue generating market in 2013. This was due to the increased application usage of the platforms in various genomic applications. However, the Knowledge Management Tools is expected to emerge as the highest revenue generating segment by 2020 due to the increasing number of data generated due to the increasing clinical trials.

Bioinformatics Application Market Analysis

The bioinformatics application market is segmented based on, metabolomics, molecular phylogenetics, transcriptomics, proteomics, chemoinformatics, genomics and others. The Genomics was the highest revenue generating market among the bioinformatics application market in 2013. This was due to the increased applications in drug discovery and development using bioinformatics tools. The tools proved to be cost and time efficient for the pharmaceutical companies. The Chemoinformatics and Drug Design is expected to be the highest revenue generating segment by 2020 due to its ability to use information in the selection and designing of the drug cycle.

Bioinformatics Sector Market Analysis

The bioinformatics sector is segmented into medical bioinformatics, animal bioinformatics, agriculture bioinformatics, academics and others. The Medical bioinformatics was and is forecast to be the highest revenue generating market through 2020. This was due to the increasing application of drug discovery and development using bioinformatics tools, which were also used in the preventive medicine and gene therapy.

Competitive Landscape

The key companies profiled in this report are Accelrys, Inc., Affymetrix, Inc., Agilent Technologies, Inc., Geneva bioinformatics, Non linear dynamics, Quest Diagnostics, Inc., Life Technologies corp., Illumina, Bruker Daltonics, Inc., and Biomax Informatics AG. The key strategies opted by the market players are Product Launch, Agreement and Collaboration.

High Level Analysis

The market analysis is done based on Porter's five forces model and Value chain analysis. According to the Porter's five forces model the bargaining power of the supplier's is low due to the presence of many bioinformatics service providers and the threat from internal substitutes of this market is moderate. According to the value chain analysis the major revenue is generated from the drug discovery segment. In the past, the R&D activity in the biotechnology and pharmaceutical industry had a restrictive budget. However, due to the advancement in the IT solutions, the cost involved in the R&D activity has become cost and time efficient.

Key Benefits

• The report provides detailed analysis about the driving and limiting factors of the Bioinformatics market, which would give a deeper understanding of the subject and help in analyzing the various applications of bioinformatics
• The application market helps in analyzing the various application segments, thus helping the stakeholders understand opportunities in the various fields of bioinformatics market
• To understand the bioinformatics market and its segments and to gain a deeper understanding of trends adopted
• The report analyzes the market conditions in a comprehensive and quantitative manner and forecast market trends and techniques used in bioinformatics
• The market is forecast in terms of revenue throughout 2013 to 2020.

Key Deliverables

The global Bioinformatics market is segmented based on technology & services, application, sector and geography.

BY TECHNOLOGY AND SERVICES

• Knowledge Management Tools
• Generalized knowledge management tools
• Specialized knowledge management tools
• Bioinformatics Platforms
• Sequence analysis platforms
• Sequence alignment platforms
• Sequence manipulation platforms
• Structural analysis platforms
• Others
• Bioinformatics Services
• Sequencing services
• Database and management
• Data Analysis
• Others

BY APPLICATION

• Metabolomics
• Molecular Phylogenetics
• Transcriptomics
• Proteomics
• Chemoinformatics
• Genomics
• Others

BY SECTOR

• Medical Bioinformatics
• Animal Bioinformatics
• Agriculture Bioinformatics
• Others

Browse Similar Reports:

Global Veterinary Diagnostics Market: Veterinary diagnostics are noninvasive methods used to identify and examine the causes of diseases in animals. Various new technologies from human diagnostics segments are being adapted for the veterinary domain. This trend is expected to continue in the future, thereby contributing to the growth of this market. The increasing number of disease outbreaks in animals and zootonic diseases arising in humans are driving the growth of this market.

Global Label Free Detection Market: The label free detection method is used for detecting biomolecules and their interactions. This method has emerged as an attractive research and development tool in the pharmaceutical and biotech industry. Partnerships between pharmaceutical companies and academic institutes and the rising number of drug discovery programs will boost market growth. Increasing expenditure on research and development by pharmaceutical and biotech companies would also contribute to market growth.

To Get Details:  http://www.bigmarketresearch.com/label-free-detection-market

With the arsenal of different search reports, we help you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency.

With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly.