The bioinformatics sector is a successful collaboration between the biotechnology and IT industries. Undoubtedly, the IT sector is a big benefit for the Indian bioinformatics industry. As early as from the year 2001, majority of the IT companies in India have been looking at the bioinformatics with a great and enhanced interest. Although the Indian market is quite small compared to the global bioinformatics market, it represents one of the fastest growing market and expects to occupy a considerable share of the global bioinformatics business. The Indian bioinformatics market is anticipated to grow at a CAGR of around 10% during FY 2011 - FY 2013, says our new research report “Global Bioinformatics Market Outlook”.
Our team of experts has done an extensive research on the Indian bioinformatics market and has found that, one of the advantages that India enjoys over the western markets is its lower cost of infrastructure and human resources. The expenditure involved in setting up and running a bioinformatics company in India is a fraction of the cost in the United States. In fact, some of the Indian bioinformatics companies have already been acknowledged in the US and European markets for their cost saving potential.
Our report has segmented the bioinformatics market into Analysis Software & Services Market, Content Market, and IT Infrastructure & Other Services Market. It has also been segmented on the basis of applications into Genomics, Proteomics, Pharmacogenomics, and Drug Discovery market.
“Global Bioinformatics Market Outlook” provides thorough research and rational analysis along with reliable statistics of the global bioinformatics market. The report also provides extensive information on the traditional markets as well as on the emerging technologies. Besides, an insight of trends prevailing in the regional bioinformatics market across the globe has been covered in the report. Analysis and statistics regarding market size, growth, share, segmentation, and geographic distribution have been thoroughly studied in the report to present a comprehensive view of the global bioinformatics market. The report has thoroughly examined current market trends; industrial developments, and competitive landscape to enable clients understand the market structure and its progress in coming years.
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Article By: Shushmul Maheshwari