Noida, UP India (PressExposure) March 27, 2011 -- Global bioinformatics market has been witnessing a sharp growth for the past few years, due to the emergence of high amount of molecular biology information and data sets. Currently, the bioinformatics market is at the initial stage of development and its full potential is yet to be exploited. Factors, such as the government support, high investment in R&D, and impressive growth in IT sector will support the overall growth in the bioinformatics sector. The market is likely to surge at a CAGR of nearly 26% during 2011-2013 to reach a value of around US$ 6.2 Billion by 2013, says our new research report "Global Bioinformatics Market Outlook".
Our report has found that Japan is one of the largest bioinformatics market in the world, which reached to the mark of Yen 38 Billion in 2010. Japan has also one of the biggest bioinformatics databases DDBJ in the world. The country has some of the prominent market players that have been coming up with new innovative ideas for bioinformatics application areas. Active participation by both public and private players will further strengthen the Japanese bioinformatics market in future.
The report covers segment wise analysis of the global bioinformatics market and analyzes all the key aspects. The analysis software & services market contributed 39% of the total bioinformatics market in 2010, followed by content and IT infrastructure & other services market. The report also provides an effective analysis on the key application areas, such as genomics, proteomics, pharmacogenomics, and drug discovery.
The report "Global Bioinformatics Market Outlook", covers all the key aspects of the global bioinformatics market, illustrating current market trends, and their impact on sector's performance in several countries. The report also identifies key market drivers and global industry trends. Last though not the least, description on key market players completes the overall analysis.
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