Report: Indian Bioinformatics Market to Hit $20M by 2006

A recently published report from Mumbai-based investment bank Avendus Advisors predicts that the Indian bioinformatics market will grow to approximately $20 million in 2006.

The report’s authors base their calculations on a 2002 report from Front Line Strategic Consulting that pegged the worldwide bioinformatics market at $697 million in 2001 and projected it to increase at a compound annual growth rate of 20 percent to reach an overall market size of $1.7 billion by 2006.

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