Computational Biology Market Forecast to 2027
Emergen Research's Global Computational Biology Market Research Report was created through an analysis of key business details and an extensive geographical spread of the Computational Biology industry. The study provides comprehensive coverage of the Computational Biology Market's qualitative and quantitative analysis, as well as critical statistical data about the Computational Biology Market. The research study offers historical data from 2017 to 2018 as well as accurate forecasting until 2027. The report also profiles established and emerging market players, providing an overview of the company, product portfolio, strategic alliances, and business expansion strategies.
According to a recent study by Emergen Research, the worldwide computational biology market is expected to be valued USD 16.58 billion by 2027. Biological data, such as cell populations, genetic sequences, and protein samples, are analysed using computational biology to make new predictions.
The advent of innovative technologies such as sequencing, and high-throughput experimental methods like yeast two-hybrid, microarray, and chip-chip assays are generating a demand for mathematical modeling, analytical methods, and simulations for effective and hassle-free analysis of the data. Advancement in technology has opened up many options for innovation in the healthcare sector. Increased government funding, investments in research and development, and a rise in demand for predictive modeling for usage in various sequencing projects are driving the demand for the computational biology market.
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The global Computational Biology market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Computational Biology industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Chemical Computing Group, Compugen, Simulation Plus, Genedata, Certara, Insilico Biotechnology, Accelrys, Rhenovia Pharma, Entelos, Nimbus Discovery
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Some Key Highlights from the Report
- In July 2020, the U.S. Department of Energy announced a funding of USD 5 million in computational biology for six new research projects. The purpose of the funding is to develop new analytical tools and software for managing an increase in the quantity of genomics and other data resulting from the study of microbes and other biological systems.
- The In-House service-type segment is anticipated to grow with the fastest CAGR of 22.8% during the forecast period. Several Biopharma companies are undertaking clinical trials in their own buildings to avoid extra cost and also to prevent the risk of leakage of their pipeline projects. Moreover, as technology is becoming affordable, more companies are opting for in-house service.
- The cellular biology simulation segment is driven due to the high demand from computational genomics. The segment will witness growth owing to recent developments in IT technologies and cloud computing. Computational genomics is more specifically used for pattern recognition and analysis problems such as motif finding, gene finding, gene function prediction, evolutionary models, and fusion of sequence and expression information.
- The commercial end-use segment dominated the computational biology market. Increased usage of the technology for personalized medicine and drug designing by pharmaceutical companies is propelling its demand. Several genetic disorders require specific customized treatment, which is creating a trend for personalized medicine.
- North America is a hub for RD in computational biology. The region witnessed increased investment by private and public companies in research for the development of effective medicine and therapies. It is also home to key companies involved in the market.
Market Overview:
The report bifurcates the Computational Biology market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Service-Type Outlook (Revenue, USD Billion; 2017-2027)
- In-House
- Contract
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Cellular Biology Simulation
- Computational Genomics
- Database
- Infrastructure / Hardware
- Software Services
- Computational Proteomics
- Pharmacogenomics
- Others
- Drug discovery and disease modeling
- Target identification
- Target Validation
- Lead Discovery
- Lead Optimization
- Pre-clinical drug development
- Pharmacokinetics
- Pharmacodynamics
- Clinical trials
- Phase I
- Phase II
- Phase III
- Human Body Simulation Software
- End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Academics
- Industry
- Commercial
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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