DUBLIN, Mar. 14, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/923kjd/latin_american) has announced the addition of the "Latin American Bioinformatics Market by Sector, Segment & Application - Forecasts to 2017" report to their offering.

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In Latin America, bioinformatics is now widely recognized as a crucial field for research and development in agricultural, veterinary, and human health sciences. The Latin American bioinformatics market displays a lucrative growth potential. It is estimated to grow at a CAGR of 22% from 2012 to 2017 to reach $627 million by 2017. The growth of the bioinformatics market is driven by factors such as the decreasing cost of DNA sequencing, the increasing number of training and development programs on the usage of bioinformatics tools/platforms, the high concentration of bioinformatics research institutes, ongoing partnerships of academic institutions, and the formation of regional bioinformatics networks. However, the dearth of adequate infrastructural facilities and skilled professionals, presence of obsolete bioinformatics solutions, lack of government funding and investments, and less focus of global bioinformatics players on Latin American countries are factors that are restraining the growth of the market.

Based on the use of bioinformatics in various industries, the bioinformatics market is segmented into agriculture, medical, environment, forensic, academics, and others (including homeland security and defense, law-enforcement groups, bioweapon creation, antibiotic resistance, and evolutionary biotechnology). The medical biotechnology market is segmented into molecular medicine, clinical diagnostics, drug development, gene therapy, and reproductive biotechnology. On the other hand, agriculture biotechnology is segmented into crop yield improvement, insect and disease resistance, nutritional quality improvement, soil quality improvement, improvement of plant resistance against abiotic stress, and others. Furthermore, the environmental biotechnology market includes waste cleanup, alternative energy sources, climate change studies, forensics biotechnology, and others.

Based on the type of products and services, the bioinformatics market is classified into knowledge management tools, platforms, and services. The bioinformatics knowledge management tools market includes generalized and specialized knowledge management tools. The bioinformatics platforms market is segmented into sequence analysis platforms, sequence alignment platforms, sequence manipulation platforms, structural and functional analysis platforms, and others. The bioinformatics services market comprises sequencing services, database management, data analysis, and others.

The bioinformatics market has several practical applications in fields that generate large data sets. In this report, the various applications of bioinformatics include genomics, proteomics, chemoinformatics, molecular phylogenies, metabolomics, transcriptomics, and others. Brazil was the largest market in 2012 with 40% share of the Latin American bioinformatics market, followed by Mexico. However, Chile and Peru represent the fastest-growing markets due to the initiatives taken by these nations with regards to skills development of researchers as well as the ongoing academic collaborations to facilitate the adoption of bioinformatics in life sciences research. The major players in the bioinformatics industry include Agilent Technologies, Inc. (U.S.), Affymetrix, Inc. (U.S.), Life Technologies Corporation (U.S.), Illumina, Inc. (U.S.), and CLC Bio (Denmark).

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Market Overview

5 Latin America Bioinformatics Market, By Sectors

6 Latin America Bioinformatics Market, By Products & Services

7 Latin America Bioinformatics Market, By Applications

8 Geographic Analysis

9 Company Profiles

Companies Mentioned:

• Accelrys, Inc.
• Active Motif, Inc.
• Affymetrix, Inc.
• Agilent Technologies, Inc.
• Clc Bio
• Geneva Bioinfromatics (Genebio) Sa
• Illumina, Inc.
• Life Technologies Corporation
• Partek, Incorporated
• Perkinelmer, Inc.

For more information visit http://www.researchandmarkets.com/research/923kjd/latin_american

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets