Global Bioinformatics market to touch $30.87 bn by 2020

Growing R&D initiatives to increase adoption of Bioinformatics services


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The global Bioinformatics market is expected to grow at a CAGR of 15.5% between 2014 and 2020.

The market was worth $10.04 bn in 2013 and is projected to reach $30.87 bn by the end of 2020.

The drug development segment is anticipated to lead all application segments.

North America is expected to maintain its dominance in the global Bioinformatics market with a revenue worth $11,927.9 mn by 2020.

Asia-Pacific is expected to witness the highest growth with a CAGR of 18.7% throughout the forecast period.

See Also: Can predictive genomics take-off in India?

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