Released on: October 25, 2007, 3:52 am

Press Release Author: Shushmul Maheshwari

Industry: Biotech

Press Release Summary: The most emerging branch of computational biology,
bioinformatics, is the new research formula for global biotech and pharma companies.
Due to its fast adoption, RNCOS expects the market to grow strongly in future.

Press Release Body: Bioinformatics, the latest subject of interest for researchers
all over the world, has emerged as a big field for corporates too. This branch of
computational biology has made its place in the laboratory and R&D departments of
every country, but US is leading the worldwide bioinformatics market. However, since
some past years, countries in the Asia-Pacific region, especially India and China,
are reporting the most impressive growths and would dictate the future of the
bioinformatics industry in future, says RNCOS, the leading market research company.
It has recently released its market research report “Global Bioinformatics
Market Outlook” to throw light on the global bioinformatics market.

As per the forecast given in the report, the global bioinformatics market is
expected to grow at a CAGR of over 16% during 2006-2010. In 2006, the global market
posted an increment of over 16% from the past year.

The study identifies rising spending by biotechnology and pharmaceuticals firms,
outstanding development in IT, growing Internet penetration, strong support by the
governments, and rising application of bioinformatics in new fields like waste clean
up, gene therapy, alternative sources of energy etc as the forces that are
stimulating the market to grow.

But, as the research highlights, the biggest opportunity area for the bioinformatics
market lies in the drug discovery; here, bioinformatics databases and tools can cut
both time and money of biotech and pharma companies substantially. Moreover, it can
provide effectual means of drug discovery to complete the decreasing pipelines of
these firms.

But as the bioinformatics industry is just in its infancy, it has to ward off
certain negativities, like lack of integration among companies and weak intellectual
rights, to head towards a bright tomorrow.

Apart from the growth promoters and roadblocks, “Global Bioinformatics Market
Outlook” gives an updated overview on the global market, including Australia,
Singapore, US, Japan, India, China, Taiwan, South Korea, and Europe. The report
evaluates the trends impacting the market and forecasts the revenues generated from
different product categories, and snapshots of different players in the industry.

About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.
For more information visit: http://www.rncos.com/Report/IM554.htm
Current Industry News: http://www.rncos.com/blog


Web Site: http://www.rncos.com

Contact Details: RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com