Computational Biology Market Research Report 2019 | Industry Analysis by Market Size, New Technologies, Incredible Growth Rate, and Future Forecast to 2024

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Computational Biology

This “Computational Biology Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Computational Biology market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The global computational biology market was valued at USD 2,327.06 million in 2018, and is estimated to be valued at USD 6,790.06 million in 2024, witnessing a CAGR of 19.54%. Factors that are responsible for the growth of the market include increase in bioinformatics research, increasing number of clinical studies in pharmacogenomics and pharmacokinetics, and growth of drug designing and disease modeling.
  • Bioinformatics is recognized as part of the essential knowledge base of numerous career paths in biomedical research and healthcare. The field of bioinformatics and computational biology has gone through a number of transformations over the past 15 years, establishing itself as a key component of new biology. The use of bioinformatics tools in life sciences has become necessary to analyze experimental data. The huge amounts of data pose a challenge for the biological community, as most biologists are not familiar with informatics and statistical interpretation. An interdisciplinary collaboration was started with an aim to address the need for biologists to understand biological data.
  • Recent improvements in bioinformatics include capacity-building through activities, such as research funding and training opportunities. Increased funding in bioinformatics is helping in creating more advancements in the field of computational biology.

    Computational Biology Market Covers Manufacturers:

  • Dassault Systèmes SE
  • Certara
  • Chemical Computing Group ULC
  • Compugen Ltd
  • Rosa & Co. LLC
  • Genedata AG
  • Insilico Biotechnology AG
  • Leadscope Inc.
  • Nimbus Discovery LLC
  • Strand Life Sciences
  • Schrodinger
  • Simulation Plus Inc.

    Scope of the Report:

  • Computational biology uses biological data for developing algorithms to understand biological systems and relationships.

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    Key Market Trends:

    Commercial Sub-segment is Expected to hold its Highest Market Share in the End User Segment

    In the end user segment of the market, the commercial sub-segment is believed to have the largest market size and is expected to witness a CAGR of 19.87% during the forecast period.

    Computational biology has a wide range of applications in the fields of genomics, proteomics, pharmacogenomics, and drug discovery. For drug discovery and clinical trials, many companies approach third-party services, who have to maintain computational biology setups for carrying out various drug discovery processes. Many third-party services and small laboratories that maintain computational biology setups are expected to gain huge profits, as they successfully reduce the overall time needed for drug discovery and various other scientific experiments.

    The software and databases are relatively costlier, and the cost of drug discovery processes vary across countries, which makes many industries opt for outsourcing, thereby, leading to an increased demand for small laboratories and other commercial companies. Hence, with the increase in bioinformatics research, the increasing number of clinical studies in pharmacogenomics and pharmacokinetics, and the growth of drug designing, disease modeling, and personalized medicine, the demand for computational biology for commercial purposes is expected to increase, thereby, driving the market during the forecast period.

    North America Dominates the Market and is Expected to do the Same in the Forecast Period

    North America currently dominates the market for computational biology and is expected to continue its stronghold for a few more years. The United States is the leading nation in the field of synthetic biology, which is an emerging discipline involving the creation, control, and reprogramming of biological systems. Since 2005, the US government has channeled more than USD 1 billion for the development of computational biology and synthetic biology. The annual average expenditure for the development of computational biology, by the US government, has been estimated to be USD 140 million.

    The overall market for computational biology in the United States is scheduled to grow manifold, over the forecast period, primarily due to high expenditure in drug development endeavors (highest in the world).

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    Target Audience of Computational Biology Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Computational Biology Market Report:

    • Analyzing various perspectives of the Computational Biology market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Computational Biology market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Computational Biology market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Computational Biology market studied, during the forecast period
    • The segments that are expected to dominate the Computational Biology market studied.

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