According to IMARC Group latest report titled “Computational Biology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on computational biology market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global computational biology market size reached US$ 5.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2032, exhibiting a growth rate (CAGR) of 18.8% during 2024-2032.
Computational biology is an interdisciplinary field that applies mathematical models, theoretical methods, and computer simulations to understand and model the complexities of biological systems. Its characteristics include the ability to process large datasets, such as genomic sequences, to predict molecular behavior and biological functions. The working mechanism of computational biology involves the integration of algorithms, bioinformatics tools, and statistical models to analyze biological data. This includes gene sequencing, protein structure prediction, and the modeling of evolutionary biology. Properties of computational biology encompass scalability, adaptability to various biological questions, and the capability to integrate with multiple data types and sources. Advantages of computational biology include accelerated drug discovery processes, enhanced understanding of genetic diseases, and the ability to personalize medicine based on genetic profiles. It allows scientists and researchers to simulate biological processes cost-effectively and efficiently, making it a pivotal tool in modern biology and medicine.
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Market Trends:
The global market is primarily driven by the increasing demand for drug discovery and disease modeling processes that require precise simulation and modeling of biological interactions. In line with this, the significant growth in genomic data production and the need for efficient data analysis tools are providing an impetus to the market. Moreover, the continuous advancements in bioinformatics and computational algorithms are acting as crucial growth-inducing factors for the market. In addition to this, the expanding biotechnology and pharmaceutical sectors, necessitating robust computational frameworks for faster drug development cycles, are leading to higher investments in computational biology solutions. Besides this, the growing application of computational biology in understanding complex diseases such as cancer and neurodegenerative diseases is creating lucrative opportunities in the market. Also, the increasing collaboration between academic institutions and the biopharmaceutical industry is positively impacting market growth. The market is further driven by the adoption of cloud computing and big data analytics in life sciences, enhancing computational biology’s efficacy and accessibility. The rising government and private funding in genomics and proteomics research are also significant drivers.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Certara
- Chemical Computing Group ULC
- Compugen Ltd
- Dassault Systèmes
- Genedata AG
- Insilico Biotechnology AG
- Instem plc
- Nimbus Therapeutics LLC
- Schrödinger Inc.
- Simulations Plus Inc
Computational Biology Market Segmentation:
Our report has categorized the market based on region, application, services and end use industry.
Breakup by Application:
- Cellular and Biological Simulation
- Computational Genomics
- Computational Proteomics
- Pharmacogenomics
- Others
- Drug Discovery and Disease Modelling
- Target Identification
- Target Validation
- Lead Discovery
- Lead Optimization
- Preclinical Drug Development
- Pharmacokinetics
- Pharmacodynamics
- Clinical Trials
- Phase I
- Phase II
- Phase III
- Human Body Simulation Software
Breakup by Services:
- In-house
- Contract
Breakup by End Use:
- Academics
- Pharmaceutical Industry
- Commercial
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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