NEW YORK, Feb. 2, 2016 /PRNewswire/ -- This BCC Research report provides a comprehensive analysis of the bioinformatic market by reviewing the recent advances in high throughput â€˜omic platforms and computer enabled tools that drive the field forward. Includes forecast through 2019.
Use this report to:
Identify the challenges and opportunities that exist in the bioinformatic market.
Analyze industry service providers and software solution developers, as well as IT and bioinformatics service providers.
Analyze recent advances in 'omic technologies and examines their impact on the bioinformatic market.
Learn about the ways in which bioinformatics has been utilized by the pharma and biotech industry to streamline the research and development (R&D) process and improve efficiencies
The global bioinformatic market was $3.6 billion and $4.1billion in 2013 and 2014, respectively. This market is expected to reach $8.0 billion in 2019 from $4.7 billion in 2015 at a compound annual growth rate of 14.2% for the period 2014-2019.
North American market is expected to grow from nearly $2.6 billion in 2015 to $4.5 billion in 2019 at a CAGR of 15.2% for the period 2014-2019.
European market will grow from nearly $1.1 billion in 2015 to $1.7 billion in 2019 at a CAGR of 12.0% for the period 2014-2019.
STUDY GOALS AND OBJECTIVES
BCC Research's goal for this study is to provide a comprehensive analysis of the bioinformatic market by reviewing the recent advances in high-throughput 'omic platforms and computer-enabled tools that drive the field forward. It examines the market trends and provides analysis regarding industry service providers and software
solution developers, as well as IT and bioinformatics service providers that support the pharma and biotech industry.
The report's main focus is to identify the challenges and opportunities that exist in the bioinformatic market following the adoption of high-throughput technologies such as next-generation sequencing (NGS), the analysis of big data and the emergence of cloud-based solutions. It identifies innovative companies and technologies that are
moving the field forward and enabling scientists to search for elusive pieces of information that will improve diagnosis and treatment with precision medicines.
REASONS FOR DOING THE STUDY
Since scientists unraveled the blueprint of the human genome more that 10 years ago, they have been exploring new ways to utilize 'omic data to understand more complex diseases. Researchers are keen to analyze as many different types of data as possible to gain a better understanding of that which is happening at the cellular and molecular levels. Service providers have developed new analytical tools and information technology (IT) infrastructures to enable scientists to interrogate complex data sources and quickly and efficiently disseminate information for better decision making to achieve this goal.
More recently, improvements in cloud computing capabilities and advances in data analysis software services have helped to expand the evaluation of available datasets, allowing researchers to build systems biology models of various diseases. There has recently been a massive shift in the way people do computing in part due to the
availability of cloud computing and the growth in NGS technologies, and as a result, service providers are now offering more cloud-based solutions on a pay-as-you-go or fee-for-service manner to suit the budgets of both small and larger business.
SCOPE OF REPORT
The scope of the study encompasses the global bioinformatic market based on geography, category and application. It provides a detailed analysis of recent advances in 'omic technologies and examines their impact on the bioinformatic market. It discusses the ways in which bioinformatics has been utilized by the pharma and
biotech industry to streamline the research and development (R&D) process and improve efficiencies. It provides a detailed analysis of leading countries, companies and technologies that will drive the field forward.
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