Bioinformatics Industry Foster Growth Prospects

Noida, UP -- (SBWIRE) -- 10/21/2014 -- Bioinformatics market is rising exponentially and has evolved into an important segment of the biotechnology industry in recent years. Declining costs of human genome sequencing, huge R&D investments by public and private players, rising application of Bioinformatics in various new fields of biotech and pharmaceutical research & development has created a huge commercial market for bioinformatics worldwide. The factors collaboratively result into a rising market predicted to grow at a CAGR of around 19% during 2015-2019.