"According to a new report, the bioinformatics market is set to surge ahead, boosted by data proliferation and the need for improved drug research productivity. Along with the solid support of national governments, the European bioinformatics industry is expected to go from strength to strength."
"According to the report's authors, Frost & Sullivan, the forecast predicts that the total European bioinformatics market is set to expand from nearly $310 million (€252.8 million) in 2004 to $720 million by 2011."
"The report predicts that while the information manipulation segment will maintain its current revenue contribution levels- about 40 per cent - to the overall market until 2011, the genomics software tools segment is likely to exhibit low growth."
“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.”BIOINFORMATICS IN THE 21st CENTURY
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