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{bio,medical} informatics

Thursday, January 24, 2002

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find related articles. powered by google. PharmaBiz.Com Bioinformatics: The next generation of market opportunities

"The prospectus for Bioinformatics are inseparable from the prospects and market structure of biotech, so a large amount of the equity investment in biotech during 2000, totaling $31 billion annual drug discovery budget on IT. That's $500 million per year. Suppliers such as MDL, Molecular Simulation, Tripose, and Oxford Molecular have grown and generate revenues between $20 million and $70 million. Oxford Molecular predicts a total market for its services totaling $1.3 billion by 2002 with 75% accessible from their own products. Other sources suggest and even larger market, moving to $10 billion in five years.

Bioinformatics is the core enabling the platform technologies that support the biotech revolution. One can therefore expect the growth and development of the market to mirror that of biotech and to feed the increasing number of biotech companies."

[ rhetoric ]

Bioinformatics will be at the core of biology in the 21st century. In fields ranging from structural biology to genomics to biomedical imaging, ready access to data and analytical tools are fundamentally changing the way investigators in the life sciences conduct research and approach problems. Complex, computationally intensive biological problems are now being addressed and promise to significantly advance our understanding of biology and medicine. No biological discipline will be unaffected by these technological breakthroughs.


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