Bioinformatics Industry Foster Growth Prospects
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.
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