World Bioinformatics Market Will Grow at a CAGR of Over 23.0% from 2014 to 2020
GrandViewResearch.com has announced the addition of "Global Bioinformatics Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.
Online, April 15, 2014 (Newswire.com) - Global bioinformatics Market is expected to reach USD 12.48 billion by 2020, according to a new study by Grand View Research, Inc. Rapidly declining prices of DNA sequencing, growing adoption rates of bioinformatics as a cost effective tool for database management during clinical trials, increasing government initiatives encouraging the use of bioinformatics in drug discovery and the use of bioinformatics tools in emerging fields such as chemogenomics are some of the factors expected to drive market growth over the next six years. In addition, the introduction of advance technologies such as nanopore and cloud computing are expected to serve this market as future growth opportunities.
Bioinformatics platform products are expected to dominate the market, along with being the fastest growing segment, at an estimated CAGR of 22.8% from 2014 to 2020. The increasing demand for these platforms in technologically advanced processes such as high throughput screening for combination therapies namely pharmacogenomics and pharmacoproteomics is expected to serve this market as drivers during the forecast period. Global biocontent product demand is expected to reach USD 4.30 billion by 2020, growing at a CAGR of 16.9% from 2014 to 2020.
The report "Bioinformatics Market Analysis And Segment Forecasts To 2020," is available now to Grand View Research customers at grandviewresearch.com/industry-analysis/bioinformatics-industry
Inquiry Before Buying @ grandviewresearch.com/inquiry/10
Further key findings from the study suggest:
1. Bioinformatics based metabolomics applications are expected to grow at the highest CAGR of over 23.0% from 2014 to 2020 owing to the introduction of new analytical instruments proving vital for high throughput and accuracy enabled metabolite profiling.
2. North America was the largest regional market in 2013, accounting for over 42% of global revenue. The presence of sophisticated healthcare infrastructure enabling advance R&D exercises, high availability of government funding and the high volume of pre-clinical studies conducted in this region are some of the factors expected to drive market growth.
3. Asia Pacific bioinformatics market is expected to grow at the highest CAGR of 25.9% from 2014 to 2020 on account of rising demand for CRO (Contract Research Outsourcing) initiatives as a result of high cheap labor availability and rapidly improving healthcare infrastructure in emerging markets such as India and China.
4. Key industry participants include IBM Life Sciences, Agilent Technologies, Affymetrix, Life Technologies Corporation, 3rd Millennium Inc., Celera Corporation, Accelrys Inc. and others.
Sample Request of this Report @ grandviewresearch.com/request/10
For the purpose of this study, Grand View Research has segmented the global bioinformatics market on the basis of product, application and region:
i. Bioinformatics Product Outlook
- Bioinformatics Platforms
- Sequence Analysis Platforms
- Sequence Manipulation Platforms
- Sequence Alignment Platforms
- Structural and Functional Analysis Platforms
- Others
ii. Bioinformatics Services
- Database Management
- Sequencing
- Data Analysis
- Others
iii. Biocontent
- Generalized Biocontent
- Specialized Biocontent
iv. Bioinformatics Application Outlook
- Genomics
- Molecular Phylogenetics
- Metabolomics
- Proteomics
- Transcriptomics
- Chemoinformatics and Drug Designing
- Others
v. Bioinformatics Regional Outlook
- North America
- Europe
- Asia Pacific
- RoW
Latest Market Research Published By Grand View Research:
PP (Polypropylene) Nonwoven Fabric Market Analysis And Segment Forecasts To 2020 ( grandviewresearch.com/industry-analysis/polypropylene-nonwoven-fabric-market ) The global PP (Polypropylene) nonwoven fabric market is expected to reach USD 30.61 billion by 2020, according to a new study by Grand View Research Inc. Growing demand for baby diapers, adult incontinence and feminine disposable products is expected to remain a key driving factor for the global market over the next six years. In addition, increasing market penetration of PP nonwoven fabric for durable applications, mainly in Asia Pacific and Middle East countries, is also expected to have a positive impact on demand over the forecast period.
Smartwatches Market Analysis And Segment Forecasts To 2020 ( grandviewresearch.com/industry-analysis/smartwatches-market ) global smartwatches market is expected to reach USD 19.62 billion by 2020, according to a new study by Grand View Research, Inc. Growing companion device demand is expected to give impetus to demand for smartwatches. Increasing percentage of health/fitness conscious population has resulted in high demand for wearable fitness monitoring and tracking devices, including smartwatches.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit grandviewresearch.com
Contact:
Sherry James, Corporate Sales Specialist
Grand View Research, Inc
San Francisco, California, USA
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
sales@grandviewresearch.com
http://www.grandviewresearch.com