Noida, UP India (PressExposure) June 22, 2011 -- Inspiring from the successful completion of Human Genome Project, various other similar projects are being conducted to study genome and its properties. This has created the need for new tools to efficiently study great amount of sophisticated genetic data being produced. From these studies, researchers have also found that, there are as many as 10,000 putative drug-target genes in the human genome. Thus, the main hindrance to drug development has shifted from drug target discovery to drug target validation. Amid such rapid developments, various pharmaceutical giants have been investing heavily in the genomic sequencing market. Resultantly, the global market for DNA sequencing used in genomics is anticipated to grow at a CAGR of around 21% during the forecast period (2010-2015), says our new research report "Global Bioinformatics Market Outlook".
Our team of experts has done an extensive research on the DNA sequencing market and has found various applications. Among various end-use applications, life-science research and drug discovery and commercial applications are the current two leading areas. However, emerging applications in the field of clinical diagnostics and personal genomics are likely to hold a good share of the market in future. Their contribution in the market is likely to grow from around 1.2% in 2010 to 16.4% by 2015.
Our report has carefully segmented the bioinformatics market into Analysis Software & Services Market, Content Market and IT Infrastructure & Other Services Market. Moreover, it has been further segmented on the basis of application into Genomics, Proteomics, Pharmacogenomics and Drug Discovery. Most importantly, the report includes detail overview of bioinformatics market across several countries, such as the US, the UK, Japan, India, China, South Korea, Taiwan, Singapore, and Australia.
Our report "Global Bioinformatics Market Outlook" provides thorough analysis of the various segments of the bioinformatics market together with the detail study of the investment opportunities. The report has thoroughly examined current market trends; industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years. Due consideration has been given to the possible after effects of recession on the industry. It will help clients to have a proper insight of the current and future outlook of the global bioinformatics market.
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