1. Bioinformatics Market worth $13.3 Billion by 2020
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Bioinformatics Market worth $13.3 Billion by 2020

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The global bioinformatics market accounted for $4.2 billion in 2014 and is poised to reach $13.3 billion by 2020 at a CAGR of 20.9% from 2015 to The bioinformatics platforms product segment is expected to witness the fastest growth during the forecast period.
The growth of the bioinformatics market is driven by increasing government initiatives and funding, and growing use of bioinformatics in drug discovery and biomarkers development processes. It is expected that the market will offer opportunities for bioinformatics solutions manufacturers with the introduction and adoption of upcoming technologies such as nanopore sequencing and cloud computing.
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3. However, factors such as dearth of skilled personnel to ensure proper use of bioinformatics tools and lack of integration of a wide variety of data generated through various bioinformatics platforms are hindering the growth of the market. Manufacturers of bioinformatics solutions will face further challenges with regard to industry consolidation and management of high volume data.
The bioinformatics market is broadly categorized on the basis of sectors, products and services, applications, and geographies. On the basis of products & services the market is broadly segmented into bioinformatics knowledge management tools, bioinformatics platforms, and bioinformatics services. The bioinformatics knowledge management tools segment is further bifurcated into generalized tools and specialized tools.
The bioinformatics platforms segment is further divided into sequence analysis platforms, sequence alignment platforms, sequence manipulation platforms, and structural & functional analysis platforms. The bioinformatics services segment is further segmented into sequencing services, database & management, and data analysis.

4. Global Bioinformatics Market, By Sector Medical Biotechnology
Market Segmentation
This research report categorizes the bioinformatics market on the basis of product & services, application, sector and region.
Global Bioinformatics Market, By Sector
Medical Biotechnology
Drug Development
Clinical Diagnostics
Molecular Medicine
Personalized Medicine
Preventive Medicine
Gene Therapy
Reproductive Biotechnology
Academics
Animal Biotechnology

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On the basis of sector, the global bioinformatics market is broadly divided into medical biotechnology, academics, animal biotechnology, agriculture biotechnology, environmental biotechnology, and forensic biotechnology. The medical biotechnology segment is further divided into drug development, clinical diagnostics, molecular medicine, gene therapy, and reproductive biotechnology.
The major players in the bioinformatics market are Affymetrix, Inc. (U.S.), Life Technologies Corporation (U.S.), Illumina, Inc. (U.S.), and QIAGEN(The Netherlands).
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