Released on = July 30, 2006, 11:09 pm

Press Release Author = RNCOS

Industry = Industrial

Press Release Summary = Pharmaceutical and biotechnology companies are actively
seeking alternative yet effective approaches to discover and develop new
therapeutics that involve less costs. The Bioinformatics market for DNA sequencing
and proteomics applications is anticipated to reach $18Bn by 2009.

Press Release Body = Many of the existing as well as start up pharmaceutical and
biotechnology companies are under pressure to find and evolve new therapeutics at a
minimum cost and within shorter time periods. At the same time they must make
alternative and effective breakthroughs in introducing a new drug onto the market
that would make a fair utility of the enormous costs involved.

The DNA micro array market making a comprehensive research of the products based on
its strong infrastructure continues to yield sturdy growth all over the world. The
largest two sectors of the proteomics market are drug discovery and health care
respectively contributing 47 percent and 21 percent of revenues in 2004. It is
believed that an urgent need to reduce overall cost of healthcare through early
detection of diseases would give rise to growth in the healthcare sector.

It is viewed that different approaches will be made to find solutions to problems in
micro arrays and bead platforms. Thus some of these technologies will be forced to
withdraw and be replaced by others in niche application areas.

Proteomics is an area more recent than DNA sequencing. While it has limited
applications, the impact of this technology is believed to prove enormously in the
future. The growth of the industry will occur by using the technology to gradually
take place of traditional laboratory methods.

RNCOS in its market research report namely “Bioinformatics Market Update
(2006)” predicts that the revenues from the global market of DNA sequencing
and proteomics would increase from $8 billion in 2004 to $17.5 billion in 2009 at an
average annual growth rate of 18%.

The report provides answers for some critical questions relating to –
· The current global outlook of Bioinformatics market;
· The recent developments in the Bioinformatics industry;
· The worldwide growth of the Genomics market;
· The driving forces of the Bioinformatics market;
· The opportunities for growth and impending threats for the industry; and
· Comparison between different companies in the Bioinformatics market.

The report is a useful guide for the pharmaceutical companies, IT firms,
biotechnology firms, prospective investors, students and academicians in the field
of bioinformatics.

About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.


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