I recently did a web search to understand how bioinformatics and the profession of bioinformatician faces the world of work. As I suspected, according to a market report published by Persistence Market Research "Global Market Study on Bioinformatics - Asia to Witnessest Fastest Growth by 2020", the global bioinformatics market was valued at $ 4.110,6 million in 2014 and is expected to grow to a CAGR (Compound Annual Growth Rate, that is an index representing the growth rate of a certain value in a given period of time) of 20,4% from 2014 to 2020, to reach an estimated value of 12.542,4 million of dollars in 2020.
DATA updated on 04/10/2020:
According to Allied Market Research, the global bioinformatics market generated $ 6.389 million in 2017 and is projected to reach $ 18.233 million by 2025, growing at a CAGR of 13,8% from 2018 to 2025.
Why is the bioinformatics market growing so fast? Simply because today, thanks to technological innovations in the medical, agricultural and other biotechnology sectors, a large number of data are produced that conceal extremely useful information for understanding biology. Therefore, more and more bioinformaticians are required for clean up and interpret biological data obtained in the laboratory in order to draw useful conclusions for the discovery of new drugs, for personalized care of people, for genetic improvement and much more. In short, if you are ready to become bioinformaticians, the time is ripe.
Bye and see you soon.
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Sources:
https://www.persistencemarketresearch.com/market-research/bioinformatics-market/toc