The global bioinformatics market was valued at USD 10.0 billion in 2013 and is expected to grow at a CAGR of 15.5% from 2014 to 2020, to reach an estimated value of USD 30.8 billion in 2020.

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Global Bioinformatics Market (By Platforms, Tools and Services and By Applications:
Preventive Medicine, Molecular Medicine, Gene Therapy Drug Development and
Others) - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Global Bioinformatics Market Boosted by Advancements in Genetics; to Reach
US$9.1 bn by 2018
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88 Page ReportPublished Date
04-SEP-2014
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2. Bioinformatics Market
Global Bioinformatics Market (By Platforms, Tools and Services and By Applications: Preventive Medicine,
Molecular Medicine, Gene Therapy Drug Development and Others) - Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2014 - 2020
Bioinformatics is the management of information generated from R&D efforts combined under biopharmaceuticals, life
sciences, and biotechnology. It applies computer technology to compile and store the data, which can later be analyzed
and integrated with other biological and genetic data. The key reason for the foundation as well as the proliferation of the
global bioinformatics market is the massive amounts of data generated in the Human Genome Project. This data was
made public and gave rise to the need for bioinformatics.
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The current growth rate of the global bioinformatics market is supported by the latest advancements by research
organizations in the study of genetics. It was estimated that the amount of genetic data entries would double every 15
years. With the perceived sum being too large to be supported by current data entry programs, players are beginning to
accelerate the development rates on bioinformatics.
In terms of applications, the global bioinformatics market was dominated by the molecular medicine segment in 2013. The
report expects the segment of bioinformatics drug development to exhibit the fastest growth rate during the forecast
period of 2014 to 2020.
The global bioinformatics market is segmented based on platforms, services, and tools. The global bioinformatics market
was led by the segment of bioinformatics platforms in 2013. On the other hand, the segment of bioinformatics services is
likely to grow the fastest during the forecast period of the report.
Geographically, the report put North America at the top of the global bioinformatics market as this region held the largest
share in the market in 2013. It was followed by Europe in terms of developments and market revenue. Bioinformatics has
thrived in both the regions due to the high investment rates in research and development efforts, a faster rate of
implementation of newer technologies, an already advanced scientific and regulatory framework, and an economy
developed enough to support this field. At the same time, Asia Pacific is also showing the promise of being a lucrative
market for bioinformatics in the near future, owing to rapidly evolving infrastructure in scientific fields, the improvements in
government and private funding, and the rising literacy and awareness rates.
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3. Bioinformatics Market
Within the report’s forecast period, Latin America is expected to show a faster rate of development in bioinformatics than
the Rest of the World region.
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4. Bioinformatics Market
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