The global bioinformatics market, valued at nearly $3.2 billion in 2012, is forecast to grow to nearly $7.5 billion by 2017, according to Wellesley, Mass.-based BCC Research.
The market attracts considerable funding from central governments and is driven by applications across a variety of sectors, including biotechnology, pharmaceutical research and development, agriculture, food safety, chemicals, manufacturing, and more recently, clinical genomics, according to the research.
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