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Article #38: Bioinformatics Market Is On Explosion

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In the current scenario, bioinformatics genomics in the field of drug discovery
market size stands at approximately $840 and development is predicted to be one of
million. It's poised for a rapid growth the highest. Over the long haul,
with increase of around $1.82 billion by increasing number of new drugs designed
2007. The Compound Annual Growth Rate - would be genomic-related. However, after
CAGR of the Bioinformatics Market is human genome mapping the use of
likely to be around 15 % up till 2010.In proteomics is likely to rise at a higher
the last few years, bioinformatics has rate than that of genomics, as it is
achieved acceptance among other markets proteins, not genes, which the
particularly biotechnology, researchers would use in the coming years
pharmaceutical, agricultural for developing new drugs.
biotechnology and industrial The growth of the Bioinformatics market
biotechnology. is stable as 20% of the use is based upon
The bioinformatics industry is among one proteomics and genomics. Many Research
of the largest sector within and development centers across the world
super-computing and stands to benefit are looking for a base to transfer the
appreciably from acceleration of data, information and knowledge to
FPGA-based applications. Bioinformatics facilitate an informatics-based decision
involves annotation, recording, analysis, support system.
storage, and searching/extracting of However, biotechnology and pharmaceutical
molecular information such as protein companies will continue to look at the
sequences, gene sequences, cell activity tools for understanding the association
and variation in genetic structures. between biological data types. As
Bioinformatics is mainly used in area of bioinformatics is broadly more useful to
life sciences like molecular medicine, discovery and development, the end users
drug discovery, microbial genome will adopt solutions that streamline
applications, comparative studies, tracking, access, sharing of data and
agriculture and others. The contribution interpretation of different data types
of Bioinformatics to these areas of life with least impact on resources. In
sciences is evident by its application in consequence, hundreds of suppliers are
the research fields e.g. proteomics, embarking upon the bioinformatics
genomics. bandwagon.
In the near future the contribution of






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