Updated on 22 August 2016
(Photo Courtesy: www.genomicseducation.hee.nhs.uk)
The global Bioinformatics market is expected to grow at a CAGR of 15.5% between 2014 and 2020.
The market was worth $10.04 bn in 2013 and is projected to reach $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 $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.