Strategic GPS homework -- market for genetic analysis

I recently facilitated a strategy review for scientists working to commercialize a new method of protein analysis.  In doing our homework, we compared it with the impressive technological advancements in genetic expression.

The field of genetic analysis continues to evolve as the number of different technologies and possible applications expand. As it branches out in new directions, scientists and life science suppliers must adapt to changing experimental requirements, says Tamara Zemlo, Ph.D., who is vice president for advisory services at BioInformatics.

In response to these dynamics, BioInformatics has quantified and characterized the market for genetic analysis including products used for genome-wide association studies (GWAS), copy-number variation (CNV) analysis, genotyping, and techniques such as microarrays, sequencing, and real-time PCR.

The firm is offering a report entitled, “Genomic Technologies: Market Insights for Life Science Suppliers” based upon a worldwide survey of over 450 scientists.

One of the problems that scientists encounter is that of data storage. Sequencing and microarrays create vast amounts of data that demand considerable storage space, in addition to the need for keeping data safe from a crashing hard-drive or other computer malfunction.

While many survey respondents (40%) feel that their lab is best suited to store and maintain their own data, the majority (60%) believes that another party is better qualified to store and maintain their data.

This need is an opportunity for life science suppliers, core facilities, and other service providers to better meet the expectations of their customers in terms of workflow. Scientists will likely view suppliers that provide integrated solutions to the challenges of data storage more favorably.
For information on obtaining the full report, click here.