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Home >> Biotechnology and Genomics >> Bioinformatics and Data Mining - In Silico Biology >>Bioinformatics Market

Bioinformatics Market
In view of the significance that is attached to bioinformatics, its market has grown exponentially during 1998-2002 (Table 12.4). The main bioinformatics markets this market is driven by strategic alliances between companies that focus on genomics, pharmacogenomics and biochips. All pharmaceutical and major biotechnology campanies have bioinformatics capabilities and programs.

Growth of bioinformatics market during 1998-2002

Market segment

Market size (million US $)

 

1998

2002

E-based business-to-business market

800

100,000

Business-to-business biomedical information market

300

1,000

Pharmacogenomics data gathering and analysis alliances

1,000

3,500

Biochip-based data gathering and analysis alliances

500

4,000


Different Technology Areas and their relative proportion in Biotechnoloy Market


Different-technology-areas-and-their-relative-proportion-in-biotechnology-market


 

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