Bioinformatics Market Key Players : Accelrys, Inc., Affymetrix, Inc., Agilent technologies, Inc.,Genevabioinformatics, Non linear dynamics and Others

Bioinformatics Market was valued at $3.4 billion, and is expected to reach $12.8 billion by 2020, supported by a CAGR of 21.2%. Bioinformatics is defined as conceptualize biology in terms of molecules and then the application of information technology to organize and understand the data which is associated with these molecules on large scale bases. Bioinformatics utilizes computer to collect data, analyze, integrate and store the molecular ad biological data, which is then utilized in application such as drug development and discovery. The technology and services are the two important segments of this market. The technology is of two types knowledge management tools and bioinformatics platform. The Bioinformatics Content/Knowledge Management Tools is estimated to the highest revenue generating segment followed by the services segment.

The key companies profiled in this report are Accelrys, Inc., Affymetrix, Inc., Agilent technologies, Inc.,Genevabioinformatics, Non linear dynamics, Quest Diagnostics, Inc., Life Technologies corp., Illumina, Bruker Daltonics, inc., and Biomax informatics AG

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The global bioinformatics market is an emerging field, used in various fields of biology. Bioinformatics is the combination of information technology, statistics, molecular biology and algorithms to analyze the data obtained from various experiments.

The bioinformatics market analyzed in this report includes sectors, technology & services, applications as major segments. The services and technology segment is further classified in to knowledge management tools, platforms, and services. The report analyzes the major sector markets into medical bioinformatics, agriculture, animal, academics and others. The application segment includes the proteomics, genomics, metabolomics, transcriptomics, molecular phylogenetics and chemoinformatics. This report excludes in depth analysis of next generation sequencing and cloud based services of the bioinformatics service providers.

The scope of the bioinformatics market report is to study the need of integration of data in the field of bioinformatics and the role played by the bioinformatics tools in the discovery and development of drugs and the adoption level of the bioinformatics tools in the developed and developing regions.

The study of bioinformatics is the combination of information and biology. The study broadly involves the methods of usage, computational tools, manipulation & analysis volumes and biological data volumes. Bioinformatics is part of computational biology. Computational biology is concerned with the quantitative analytical techniques applications in solving problems and modeling of the biological systems. Bioinformatics, which is an interdisciplinary approach, requires the advanced knowledge in computer science, statistical methods and mathematics for the better understanding of the biological phenomenon.

Trends and Challenges faced by the Industry

Government compliance ‐ there is constant usage of new technologies in the R & D activity of drug development and discovery process. Thus, the technologies are enhancing the R& D activities. However, the regulatory bodies require authenticity of the data, thus hampering this advancement. Currently, various suppliers are adding various features that help the clients in achieving the required standards, which is required by the regulatory bodies to ensure data security.

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Industry turmoil ‐ the consolidation of the bioinformatics sector will benefit the key players of the market. With the merger and acquisition of the companies, has resulted in conglomeration, which improves various product offerings and acquire large market share.

Focus shift - there has been a shift of focus from genomics to proteomics; this is due to the increasing interest in the field of proteomics. The interest is due to the identification of various targets in therapeutics and discovery of biomarkers for various diseases. With The demand from the pharmaceutical companies, proteomics tools are experiencing an increase in demand.

Key Benefits

• The report provides detailed examination about the driving and limiting factors of the bioinformatics market, which would give a deeper understanding of the subject and help in analyzing the various applications of bioinformatics
• The application segment helps in analyzing the various application segments, thus helping the stakeholders understand opportunities in the various fields of bioinformatics market
• To understand the bioinformatics market segmentation and its share and to gain a deeper understanding of trends adopted
• The report analyzes the industry conditions and computational biomodeling in a comprehensive and quantitative manner and forecast industry trends and techniques used in bioinformatics
• The computational biology industry forecast are discussed in terms of revenue throughout 2013 to 2020.

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