Skip to main content
Premium Trial:

Request an Annual Quote

Report: Bright Future for US Bioinformatics Market, 24 Percent Growth Seen Through 2007


What economic downturn? New analysis from market research firm Frost & Sullivan estimates that despite a fiscal climate that has forced some bioinformatics companies to sharply cut their earnings forecasts and refocus their business models, the US bioinformatics industry is poised for substantial growth.

Frost & Sullivan estimated that US bioinformatics companies generated revenues of $1.38 billion in 2000 and is projecting a compound annual growth rate of 24 percent for the industry, bringing the 2007 market value to $6.9 billion.

In a conference call to discuss the findings detailed in the company’s recently published report, US Bioinformatics Markets, senior industry analyst Brad Peters said the company split the market into four distinct segments to conduct its analysis: software in support of hardware for genetic sequence data generation; stand-alone genetic sequence analysis systems; genetic sequence data management systems; and content providers.

Not surprisingly, the market for sequencing instrumentation software was forecast to have the slowest growth rate of all the segments. Frost & Sullivan projected the 2000 market of $426 million for this segment to grow to approximately $1.8 billion by 2007.

The stand-alone analysis segment — which Peters described as including software for genomic sequence analysis, gene mapping, linkage analysis, primer selection, sequence homology mapping, SNP mapping, expression profiling, and protein structure prediction — was forecast to have the greatest growth, from $261 million in 2000 to $2.4 billion by 2007. Software for mass spectrometry and 2D gel analysis was not included in this segment, Peters said.

The combined market for the data management and content provider segments, $688 million in 2000, is projected to grow to $2.7 billion in 2007. Peters said the segments are of “roughly equal” size.

— BT

Filed under

The Scan

Could Mix It Up

The US Food and Drug Administration is considering a plan that would allow for the mixing-and-matching of SARS-CoV-2 vaccines and boosters, the New York Times says.

Closest to the Dog

New Scientist reports that extinct Japanese wolf appears to be the closest known wild relative of dogs.

Offer to Come Back

The Knoxville News Sentinel reports that the University of Tennessee is offering Anming Hu, a professor who was acquitted of charges that he hid ties to China, his position back.

PNAS Papers on Myeloid Differentiation MicroRNAs, Urinary Exosomes, Maize Domestication

In PNAS this week: role of microRNAs in myeloid differentiation, exosomes in urine, and more.