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The global bioinformatics market is segmented on the basis of sectors , products & services , applications , and regions . Based on sectors , the industry is divided into environment biotechnology , animal biotechnology , forensic biotechnology , agriculture biotechnology , academics , forensic biotechnology , and medical biotechnology . The forensic biotechnology segment is a rapidly growing one because of high demand for DNA evidence in legal systems .
The sub-segments of medical biotechnology are reproductive biotechnology , clinical diagnostics , drug development , gene therapy , and molecular medicines . Owing to high sunk costs , medical biotechnology holds the highest share in the overall market in terms of revenue . According to products & services , the worldwide industry is categorized into bioinformatics services , bioinformatics platform , and bioinformatics knowledge management tools . Bioinformatics tools are further segmented into generalized knowledge management tools and specialized knowledge management tools . Bioinformatics platforms include sequence alignment platforms , sequence analysis platforms , functional & structural analysis platforms , and sequence manipulation platforms .
Bioinformatics services are classified into database management , sequencing service , data analysi s , and others . Data analysis and database management are by far the most expensive because of these need human intervention for interpretation and technology for data organization . On the basis of applications , the global Bioinformatics Market is divided into molecular phylogenetics , proteomics , metabolomics , chemo informatics & drug design , transcriptomics , and others . Genomics is anticipated to be the largest market by 2020 . And metabolomics may register the highest growth rate during the forecast period .
The regional segments of the global Bioinformatics Market are Asia Pacific , North America , Europe , and Rest of the World . North America dominated the overall industry in 2014 owing to technological developments and continuous efforts towards drug discovery & development . The region may retain its leading position throughout the forecast period . Asia Pacific may expand at a remarkable rate because of medical tourism , high investments in healthcare IT , and greater CRO activities . Brazil , China , and India could create significant growth prospects in the forthcoming years .
Prominent companies operating in the global industry are Life Technology Corporation , Biomax Informatics AG , CLC Bio , Id Business Solutions , and Nonlinear Dynamics Ltd . In order to understand & block the progression of cancer , researchers have identified certain proteins that get altered in different types of cancers . When these are targeted with drugs that block their activities , the progression of cancer can be halted to an extent . Researchers & scientists from the University of Cambridge and from Hungary utilized databases of genes that are involved in cancer .
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