According to a recently published report, the Global Bioinformatics Market is expected to grow at a CAGR of 21.17% during 2015-2022 and it is estimated to be $14.25 billion by 2022. The global bioinformatics market is segmented on the basis of application, products & services, sector and geography. The report on Global Bioinformatics Market Forecast 2015-2022 provides detailed overview and predictive analysis of the market.
The global bioinformatics market is expected to grow with a good pace because of many reasons such as continuous research and development taking place with the help of government and non-government organizations, also initiative is taken by many research institutes to develop better products. One of the main reasons for the growth of bioinformatics market is its application in number of sectors such as drug discovery and development and increasing usage in segments such as personalized medicines and clinical diagnostics. Also, the field of bioinformatics is receiving good amount of support from information technology sector and this is also boosting the market of bioinformatics.
Full report available Global Bioinformatics Market Forecast 2015-2022 report at http://briskinsights.com/report/bioinformatics-market
Some of the restraints faced by the bioinformatics market are lack of user friendly tools, absence of well-defined standards and trained professionals. Also the industry has to deal with large amount of data and it becomes a difficult task to manage such a huge amount of data.
Geographically the industry is dominated by North America, Followed by Europe and Asia Pacific.
Release ID: 771