The report mentions that the bioinformatics market is stable, with 20% of the applications discovered being based on genomics and proteomics, which continues to boost the growth of bioinformatics tools. A greater number of R & D centers across the world are seeking a common base for the transfer of data, information and knowledge to enable an informatics based decision support system.
It mentions that the largest markets for bioinformatics include Japan, USA and Europe. It is projected that the annual market growth rate for bioinformatics will be around 15.8% or $ US 3 billion by the year 2010. Also, the European Bioinformatics market is set to expand from nearly $310 million in 2004 to around $720 million by 2011.
Bioinformatics Market Update highlights the global outlook of the bioinformatics market, the analysis of the bioinformatics markets by various segments and application areas, their revenue and growth prospects etc. It also includes information on the key drivers, the opportunities for growth, as well as the threats to the industry.
An update on the recent developments in the bioinformatics industry along with snapshots of the key players has been provided with in the report. Some of the key players that have been covered include Accelrys Inc., Applied Biosystems Group, Celera Genomics Group, Gene Logic Inc., IBM Life Sciences, Silicon Graphics Inc. etc.
The report is beneficial to pharmaceutical companies, firms in biotechnology, prospective investors, IT Firms including students and academicians.
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