Outsourcing Activities Propelling Indian Bioinformatics Market

Despite Indian bioinformatics market accounting for a meager 2% share of biotech sector, a vast potential is yet to be tapped, says RNCOS in its latest research report.

Noida, India (prHWY.com) August 3, 2012 - As per the new research report by RNCOS, "Indian Bioinformatics Market Forecast to 2015", bioinformatics is one of the fastest growing areas in the biotechnology sector in India. Bioinformatics in India are mainly based on B2B structure, where it provides services to other business. Despite offering a contribution of only 2% to the overall biotech industry, the Indian bioinformatics market is on the verge of posting stupendous growth. Further, studying the market from various aspects, it is expected that the market may reach to the mark of US$ 140 Million by the end of FY 2015.

Our research work has found out that with the cost of drug development soaring high, pharmaceutical and biotechnology companies are looking for new, smarter ways of conducting clinical research. India offers a large potential in such area and is primarily supported by efficient infrastructure and highly skilled workforce. The US and Europe are the key focus areas for the Indian players exporting bioinformatics tools.

The report prudently evaluates the underlying opportunities for market participants by analyzing the advantages that India possess as a country offers in the biotech sector. The report also provides a brief description of market players actively supporting the industry developments. The extensive research work also elaborates restraints and features of the Indian bioinformatics market.

The report is an outcome of an extensive research and in-depth analysis of the current status and expected position of the Indian bioinformatics market. It presents forecasts for the overall biotech industry and bioinformatics market for the period 2012-13 to 2014-15, and discusses key drivers that will propel the market growth. Overall, the report is meant to be a complete source of knowledge and analysis for clients interested in Indian bioinformatics market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM412.htm

Some of our Related Reports are:

- Bioinformatics Market Outlook to 2015 (http://www.rncos.com/Report/IM382.htm)
- Global Bioinformatics Market Outlook (http://www.rncos.com/Report/IM554.htm)

Check Related REPORTS on: http://www.rncos.com/Science%20&%20technology.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india biotech market

Categories: Biotech

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