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{bio,medical} informatics

Wednesday, January 08, 2003

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find related articles. powered by google. The Standard: China Bio-IT sector `set to boom'

"Growth of biotechnological and information technology spending in the mainland's life sciences industry will rise at a five-year compound annual growth rate of 42 per cent to US$344 million (HK$2.68 billion) by 2006, according to IDC Asia-Pacific."

""The academic [34 per cent] and government [19 per cent] sectors are currently most prevalent in Bio-IT adoption,'' IDC said. However, it forecasts China's biotech firms will overtake the government sector in Bio-IT spending by 2006."

"Expenditure is currently fuelled by infrastructure ramp-up in the form of servers/clusters and software. Professional and IT services are expected to dominate by 2006 with a forecast compound annual growth rate of 64 per cent to 2006, accounting for revenues of US$105.2 million."

[ 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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