Emerging Trends in Global Bioinformatics Market

Perpetually advancing information technology (IT) and thereby expansion of application area of information technology into biotechnology and life science industry is escalating the growth of the bioinformatics market globally. Bioinformatics is widely used in recording, processing, and converting the data obtained from research and development activities related to life sciences namely, biotechnology, biopharmaceutical, pharmaceutical and agricultural fields; into computerized digital data that can be later used to expedite further research. This report covers the market analysis for various platforms, tools, and services commercially available in bioinformatics technology that helps deliver advanced information technology to ever growing life science fields such as molecular biology, genetics, biotechnology, biopharmaceuticals, and other life sciences.

According to a new market report “Bioinformatics Market – Global Industry Size, Market Share, Trends and Analysis,” published by Transparency Market Research, the global bioinformatics market is estimated to reach market size worth USD 9.1 Billion in 2018.

The recent developments in the field of genetics have brought a phenomenal rise in the production of biological and genetic data. This is evident from the fact that the GenBank repository of nucleic acids and sequences had 8,214,000 entries while the SWISS-PROT database contained 88,166 entries of protein sequences as of August 2000. On an average, the number of these entries has since doubled every 15 months, which if counted, would give a number so huge that no manual entry sheet would be able suffice for the entire data. Add to this the biological and genetic data resulting from the innumerous genetics related projects undertaken around the globe and one can begin to imagine the enormous amount of biological data that is already available and that is being increasingly developed every other day.

Aims of bioinformatics

Bioinformatics has threefold aims. Firstly, it manages data in such a manner that it becomes quite easy for researchers to access existing data and submit new data as they are produced. While data storage is an essential task for data management, any kind of data is practically useless unless it is analyzed. Thus, the purpose of bioinformatics is extended further because of data analysis.

The second aim of bioinformatics is to develop systems and tools to analyze data properly. For instance, after having a particular protein sequenced, it is necessary to compare it with a previously sequenced sample. To do this, a program a lot more advanced than a simple text-based comparator is required to understand the biological significance between the differences as well as the similarities in the two sequences studied. Bioinformatics aims at development of such complex tools by using expertise in computational theory and biological understanding.

The third aim of bioinformatics is to analyze the biological data through the use of complex mechanisms and convert the data in such a form that is biologically meaningful. In traditional biological studies, examining individual systems and comparison with only a few related fields was possible. But Bioinformatics has allowed the global analysis and comparison of data available from a variety of fields. Clearly, developing methods to assess the differences between different varieties of biomolecules and identifying similarities over a wide range of dissimilar sources is an essential aspect of managing the huge volumes of data and thus of bioinformatics.

The new report on the global Bioinformatics market by Transparency Market Research estimates that this double digit market growth will be driven by factors such as rising demand for digital storage of biological data from research and development activities in fields such as biotechnology, pharmacy, agriculture and other industries related with life-science.

Browse more at http://www.transparencymarketresearch.com/bioinformatics-market.html