The global bioinformatics market is expected to be valued at US$9.1 bn by the end of 2018. It is shown to expand at a positive CAGR in a research report released by Transparency Market Research. The report, titled “Global Bioinformatics Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” talks about the key factors that have and will influence this market for the given forecast period. Read Full Report: http://www.transparencymarketresearch.com/bioinformatics-market.html

1. Growing Research and Development Initiatives to
Increase Adoption of Bioinformatics Services,
reports TMR
The implementation of expansion strategies to enhance market share will increase the intensity
of competitive rivalry on the global level for the existing market players, reports Transparency
Market Research in a new study. To maintain their position in the global bioinformatics market,
the large number of market players operating in the global bioinformatics market are investing in
research and development projects. They are also looking forward towards technological
advances for increasing application in biosciences and integrated information technology. The
top three market players in the global bioinformatics are Affymetrix Inc., Accelrys Inc., and CLC
bio A/S. They together comprise approximately 34.6% of the overall global bioinformatics
market in 2014.
The prevalence of high entry barriers is estimated to increase the rivalry between the numerous
existing companies in the global bioinformatics market, making it highly fragmented. The
existing companies are focusing on the implementation of acquisition strategies and
collaborations in order to enhance their product portfolio and expand their market reach.
Growing Need for Technological Advancements to Augment Demand for Bioinformatics
Techniques
The expansion of biotechnology applications in fields of forensic research and disease diagnosis
is drawing the attention of various healthcare organizations and professionals. According to the
TMR report, biotechnology with technological and process advancements tends to create high-
wage job opportunities in developing and developed countries due to which governments are
focusing on the growth of the biotechnology industry.
For instance, The Biotechnology Industry Organization of the United States of America promotes
collaborations between industry participants, academic organizations, and state governments of
the country in order to develop bioscience groups. In this regard, the state governments are also
increasing the implementation of strategies and programs to create job opportunities in the field
of bioscience.
Many companies have implemented reimbursement policies funded by the governments to train
employees in order to fulfill the requirement of skilled employees working in the field of
bioinformatics services. Thus, the initiatives taken by governments to support research and
development projects and creation of jobs in the biotechnology sector are anticipated to boost the
global demand for bioinformatics services.

2. Lack of Skilled Workforce Could Hinder Supply Side of Bioinformatics Services
For better and accurate results, it is imperative that the bioinformatics techniques are operated by
skilled personnel. The need for heavy investment in installation and tools upgradation training
tends to impede the growth of the industry. Due to this, there is a lack of skilled manpower in the
bioinformatics sector who can adapt to sophisticated and high-end biotechnology process and
techniques. The scarcity of skilled workers is hindering the growth process of large clinical
laboratories as they struggle to automate their processes. On the other hand, the small and
medium laboratories have amplified their efforts to abridge and boost their operations with the
available resources. Research and development activities also demand highly skilled personnel,
but the lack of it is obstructing the growth process making it difficult for organizations and
market players to benefit from their research investments.
Read Full Report: http://www.transparencymarketresearch.com/pacs-ris-market.html
However, the expansion in web-based services for research and development is likely to cut
down the cost of R&D processes. The web-based bioinformatics segment is projected to witness
substantial growth in the upcoming years in the global bioinformatics market.
The global bioinformatics market is expected to grow at a CAGR of 15.5% between 2014 and
2020. The market was worth US$10.04 bn in 2013 and is projected to reach US$30.87 bn by the
end of 2020. The drug development segment is anticipated to lead all application segments.
North America is expected to maintain its dominance in the global bioinformatics market with a
revenue worth US$11,927.9 mn by 2020. Asia Pacific is expected to witness the highest growth
with a CAGR of 18.7% throughout the forecast period.
The review has been based on the findings of a TMR report titled, “Global Bioinformatics
Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”
Key segments of the Global Bioinformatics Market
Global Bioinformatics Market, based on Platforms:
• Sequence manipulation platforms
• Sequence alignment platforms
• Sequence analysis platforms
• Structural analysis platforms
Global Bioinformatics Market, based on Tools:
• General knowledge management tools
• Specialized knowledge management tools
Global Bioinformatics Market, based on Serivces:
• Sequencing services
• Database and management services

3. • Data analysis services
• Other services
Global Bioinformatics Market, based on Serivces:
• Preventive medicine
• Molecular medicine
• Gene therapy
• Drug development
• Others
Global Bioinformatics Market, based on Serivces:
• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)
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