Bioinformatics is the combination of biology and information technology. It is used widely in the management of biological information in the field of medical, research and developments of drugs. It uses computer software tools for database creation, data management, data warehousing, data mining and communication networking. Bioinformatics deals with the recording, annotation, storage, analysis and retrieval of nucleic acid sequence, protein sequence and structural information. It has several applications in the fields of medicine and biology including molecular medicines, preventive medicines, gene therapy, drug developments, biotechnology and forensic analysis of microbes. It is also used in the study of genetics and genomes. Various advantages of bioinformatics include convenient and accurate verification of biological data, and storage and access to large amount of data. It also helps in fast sequence search through algorithm.
Owing to the growing applications of bioinformatics in drug discovery and development process, rising number of personalized medicines and clinical diagnostics also promotes use of bioinformatics. Moreover, growing information technology applications in bioinformatics and bioinformatics support in development of biomarker for safer drugs are some major drivers of the global bioinformatics market. Growth in information technology has resulted in various software innovations such as BLAST, Annotator, and GeneMark. These innovations are used in managing large amount of biological data in various research fields. In addition rising need for integrated bioinformatics system also boosted the growth of bioinformatics market. However, lack of skilled professionals and high costs for implementation of bioinformatics software are restraining the growth of the bioinformatics market. In addition, lack of interoperability among data formats is also restraining the growth of bioinformatics market.
Read Complete report at: http://www.persistencemarketresearch.com/mediarelease/bioinformatics-market.asp