The global Bioinformatics
Market is projected to expand at a CAGR over 21% during the forecast period (2014 to 2020). In revenue
terms, the industry could reach nearly USD
14 billion by 2020. It is propelled by growing demand for advanced drugs
and prevalence of chronic diseases. Application of information technology for
the effective management of biological information is known as bioinformatics.
Affordable costs of DNA sequencing and strong support
from private sector organizations & governments are factors that positively
impact the global industry. Furthermore, steady developments in IT support for
bioinformatics systems may fuel market demand in the forthcoming years. A
number of research institutes focus greatly on discovering & developing
novel drugs in the area of life sciences. Widespread adoption of bioinformatics
in clinical diagnostics is a vital industry driver.
The global bioinformatics market is segmented on the
basis of sectors, products & services, applications, and regions. Based on
sectors, the industry is divided into environment biotechnology, animal
biotechnology, forensic biotechnology, agriculture biotechnology, academics,
forensic biotechnology, and medical biotechnology. The forensic biotechnology
segment is a rapidly growing one because of high demand for DNA evidence in
legal systems.
The sub-segments of medical biotechnology are
reproductive biotechnology, clinical diagnostics, drug development, gene
therapy, and molecular medicines. Owing to high sunk costs, medical
biotechnology holds the highest share in the overall market in terms of
revenue. According to products & services, the worldwide industry is categorized
into bioinformatics services, bioinformatics platform, and bioinformatics
knowledge management tools. Bioinformatics tools are further segmented into
generalized knowledge management tools and specialized knowledge management
tools. Bioinformatics platforms include sequence alignment platforms, sequence
analysis platforms, functional & structural analysis platforms, and
sequence manipulation platforms.
Bioinformatics services are classified into database
management, sequencing service, data analysis, and others. Data analysis and
database management are by far the most expensive because of these need human
intervention for interpretation and technology for data organization. On the
basis of applications, the global Bioinformatics Market is divided into
molecular phylogenetics, proteomics, metabolomics, chemo informatics & drug
design, transcriptomics, and others. Genomics is anticipated to be the largest
market by 2020. And metabolomics may register the highest growth rate during
the forecast period.
The regional segments of the global Bioinformatics
Market are Asia Pacific, North America, Europe, and Rest of the World. North
America dominated the overall industry in 2014 owing to technological
developments and continuous efforts towards drug discovery & development.
The region may retain its leading position throughout the forecast period. Asia
Pacific may expand at a remarkable rate because of medical tourism, high
investments in healthcare IT, and greater CRO activities. Brazil, China, and India
could create significant growth prospects in the forthcoming years.
Prominent companies operating in the global industry
are Life Technology Corporation, Biomax Informatics AG, CLC Bio, Id Business
Solutions, and Nonlinear Dynamics Ltd. In order to understand & block the
progression of cancer, researchers have identified certain proteins that get
altered in different types of cancers. When these are targeted with drugs that
block their activities, the progression of cancer can be halted to an extent.
Researchers & scientists from the University of Cambridge and from Hungary
utilized databases of genes that are involved in cancer.
It was observed that cancer related proteins are
strongly connected to the main protein networks. Some of the key proteins in
the networks have the capacity to facilitate changes that convert healthy cells
into cancer cells. The cancer proteins do not interact directly with another
but through their surrounding first neighbors. The concerned researchers have
successfully utilized computational methods to identify the exact proteins that
need to be targeted by drugs.
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Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Visit Our Blog - https://hexaresearchinc.wordpress.com/
