Healthcare Industry Bioinformatics Market Trends, 2024

Bioinformatics Market Share , Size , Analysis , Growth , Trends and Forecasts to 2020 | Hexa Research
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Bioinformatics Market Share , Size , Analysis , Growth , Trends and Forecasts to 2020 | Hexa Research

" The rising incidences of chronic diseases globally coupled with the increasing demand of advanced drugs for the diagnosis of these diseases are expected to propel the bioinformatics market growth ."
The global Bioinformatics Market is projected to expand at a CAGR over 21 % during the forecast period ( 2014 to 2020 ). In revenue terms , the industry could reach nearly USD 14 billion by 2020 . It is propelled by growing demand for advanced drugs and prevalence of chronic diseases . Application of information technology for the effective management of biological information is known as bioinformatics .
Affordable costs of DNA sequencing and strong support from private sector organizations & governments are factors that positively impact the global industry . Furthermore , steady developments in IT support for bioinformatics systems may fuel market demand in the forthcoming years . A number of research institutes focus greatly on discovering & developing novel drugs in the area of life sciences . Widespread adoption of bioinformatics in clinical diagnostics is a vital industry driver .
Browse details of Report @ https :// www . hexaresearch . com / research-report / bioinformatics-industry
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