Portland, OR -- (ReleaseWire) -- 07/07/2014 --The market is expected to reach a value of $12.8 billion by 2020, with a CAGR of 21.2% during 2014-2020.
The factors propelling the market growth are growing demand for integrated data, drug development and discovery, focus in genomics & proteomics and constructive government initiatives. Factors such as skilled personnel requirements, saturation of the pharmaceutical sectors and lack of common data formats would impede the market growth.
The bioinformatics technology and services market is divided into knowledge management tools, bioinformatics platforms and bioinformatics services. Due to rising popularity of bioinformatics tools in numerous genomic studies, the platforms segment generated highest revenues in the year 2013. However, knowledge management tools would be the maximum revenue generating segment by the end of 2020 due to mounting clinical trials, need for data integration, and development in the proteomic data.
To Get More Information: http://www.bigmarketresearch.com/bioinformatics-market
On the basis of application, the market is segmented into molecular phylogenetics, metabolomics, transcriptomics, chemoinformatics, proteomics, genomics and others. The genomic application generated maximum revenues in the year 2013; however, chemoinformatics would surpass genomic by the year 2020. key contributing factors for the market growth are increasing application of drug discovery and development using bioinformatics tools. The bioinformatics sector market is segmented based on medical bioinformatics, animal bioinformatics, agriculture bioinformatics, academics and others.
Geographically, the market is segmented into North America, Asia Pacific, Europe, and RoW. North America generates maximum revenues due to adoption of advanced techniques. Asia Pacific would grow fastest due to government funding.
The major companies included in the report are:
Accelrys, Inc.
Affymetrix Inc.
Agilent technologies, Inc.
Geneva bioinformatics
Non linear dynamics
Quest Diagnostics, Inc.
Life Technologies corp.
Illumina, Bruker Daltonics, inc.
Biomax informatics AG
Browse Similar Reports:
Global Regenerative Medicines Market http://www.bigmarketresearch.com/regenerative-medicines-market
Global Cardiac Biomarkers Market http://www.bigmarketresearch.com/cardiac-biomarkers-market
About Big Market Research
With the arsenal of different search reports, we help you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency.
With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly.
Contact Us:
Sona Padman
5320 SW Macadam Avenue,
Suite 100,
Portland, OR 97239,
United States.
Direct: +1 (617) 674-4143
Toll Free: +1 (855) 711-1555
Fax: +1 (855) 550-5975
Email: sales@bigmarketresearch.com
Blog: http://www.bigmarketresearch.blogspot.com/
Web: http://www.bigmarketresearch.com
Global Bioinformatics Market - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Segmentation and Forecast, 2013 - 2020 by Big Market Research
Big Market Research includes a report titled "Bioinformatics Market - Global Industry Analysis, Size, Growth Trends, Share, Opportunities and Forecast."