Bioinformatics  industry

Bioinformatics  industry is highly split and is seeing increased consolidation in the form of alliances and acquisitions with the action being primarily concentrated in the US and Europe. Bioinformatics industry can be broadly divided into four classes: Pharma industry  having a bioinformatics division; biotechnology companies having a bioinformatics companies; IT companies having a bioinformatics division; and the pure bioinformatics companies. With current revenues at around $ 840 million, Scope forecasts the bioinformatics market to become more dominant in the future and increase to around $1.82 billion by 2007. The growth rate is expected to stabilize at 17 percent per annum until 2007 as the sequencing of the human genome nears completion in 2003.

In all the  bioinformatics industry major company’s  in the bioinformatics industry include Accelrys, Compugen, Celera Genomics, IBM Life Sciences Solutions, Incyte Genomics, LION Bioscience, Structural Bioinformatics.

Bioinformatics industry  accept custom-based bioinformatics development  and research work from the core biotech company  and pharma industry , their growth is directly proportional to the growth in the biotechnology, pharma and allied business of industry. Such companies are the principle absorbers of a talented bioinformatician.