Bioinformatics Projected to Grow by the Billions

Date: 05.07.2013 | Zach Urbina">Zach Urbina

bioinformatics-270According to BCC Research, the medical bioinformatics industry has been forecast to grow to over $7 billion by the year 2017. 2012 valuations place the industry currently are $3.2 billion.

The research shows that strong interest from governments, pharmaceutical r&d, agriculture, clinical genomics, and a number of other applications stand poised to grow the market far beyond its current level.

The US holds more than 50% of the current global marketshare, followed by Europe and Asia.  Revenue is generated by both software and analytical services.

continue reading | via Healthcare IT News

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