According to a new market report "Bioinformatics Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012 - 2018," published by Transparency Market Research, the global bioinformatics market is estimated to reach market size worth USD 9.1 Billion in 2018.











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Bioinformatics is used for managing the information obtained from research and development activities in biotechnology, life science, and biopharmaceutical industries. With rapid technological advancements, increasing application of information technology in healthcare industry supports the growth of bioinformatics market. Information technology has eased the process of data storage, access, retrieval and processing. In addition, demand for improved disease treatment, and prevention solutions are perpetually increasing. With growing demand for advancement in the treatment and technology, healthcare professionals are increasingly focusing on research and development. Further, with growing research and development activities, data generation has increased which has ultimately generated demand for data management technology in healthcare. Furthermore, with rising demand for improved treatment, prevention options and thereby rising R&D activities in the field of biotechnology coupled with advancement in information technology, application area of bioinformatics is increasing in biosciences industry. Thus, rising R&D activities, coupled with expansion of bioinformatics application area in healthcare is driving the global bioinformatics market.

Bioinformatics enables data management, processing, retrieval, and integration from healthcare research. In addition, bioinformatics also enables automation of the entire process of data processing, reduce risk of errors, enhance accuracy of results and give quick results. Further, bioinformatics also offers benefits of paper free data storage and access to data from any location. Thus, owing to the above mentioned factors the global bioinformatics market is expected to grow swiftly during the forecast period.

Currently, various platforms, tools, and services are commercially available to process the data obtained from research and development activities efficiently using bioinformatics. In 2013, bioinformatics platforms segment accounted for the largest share in the global bioinformatics market. This growth is mainly due to increasing research and development activities coupled with increasing use of bioinformatics in drug discovery. Whereas, bioinformatics services segment is expected to grow at the highest CAGR during the forecast period from 2014 to 2020.

Further, bioinformatics has application in preventive medicine, molecular medicine, gene therapy, drug development and others. Other application areas include forensic analysis of microbes, genetic research for antibiotic resistance, and veterinary science. Molecular medicine application segment accounted for the largest market share in the year 2013. Whereas, bioinformatics drug development segment is anticipated to grow at the highest CAGR during the forecast period from 2014 to 2020.

With globalization, nature of clinical trials has changed and trend of multicentre trials has evolved. Uniformity of data format is a major challenge in multicentre research. Integration of data sets having different formats requires manual interventions which leads to increased risk of errors. In addition, lack of skilled personnel to operate bioinformatics tools and platforms is another factor restraining the growth of the bioinformatics market globally. Considering requirement of skilled personnel to operate bioinformatics tools and platforms coupled with in house availability of skilled personnel, market players have started offering bioinformatics services. By offering bioinformatics services, market players aim to increase the adoption rate and thereby, expand the market share of the company in the overall bioinformatics market.

Presently, North America is leading the global bioinformatics market and is followed by Europe. Availability of exceptionally developed technology, structured regulatory framework, higher adoption rate of new technology, and heavy investment on research and development by companies based in North America and Europe are some of the factors that are driving the growth of the bioinformatics market in these regions. Asia-Pacific is a lucrative market for bioinformatics. Factors such as increasing government initiatives to boost biotechnology research and development activities in respective country, increased funding, rising awareness about bioinformatics and rising literacy rate are expected to spur the growth of the bioinformatics market in Asia-Pacific. Latin America is expected to show higher growth rate than African countries in Rest of the World (RoW) during the forecast period from 2014 to 2020.

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