Computational Biology Market in US Grow By Leading Industry Players Accelrys, Certara, L.P., Chemical Computing Group, Compugen, Ltd

High cost of drug development is expected to propel growth of the global computational biology market over the forecast period. For instance, according to an analysis published in JAMA in March 2020, U.S. biopharmaceutical companies spent around US$ 1 billion to bring each of their new drugs to market between 2009 and 2018.

Adoption of cloud computing can address issues with high amount of data storage. Cloud storage solutions offer scalability and flexibility to match the volume of data. In addition, they allow large and potentially shared databases to be stored on the same infrastructure where a large-scale analysis is conducted. Cloud computing supports sharing of datasets, this can be achieved if one has a copy of a dataset on one’s local cluster.

Increasing focus on reducing cost of drug development has led to manufacturers to adopt 3D modeling systems to analyze samples. Use of 3D modeling systems aids in recording rare cell events, accurate cell counts, improved sensitivity of detection, thereby accelerating the drug discovery process.

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Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in February 2020, Certara L.P. acquired a range of modeling and simulation technology assets for neurodegenerative diseases from In Silico Biosciences, Inc.

Major players in the market are also focused on conducting webinars to increase adoption of computational biology. For instance, in January 2020, Rosa & Co. LLC conducted a live webinar to demonstrate the importance of Pharmacometrics in vaccine discovery and development.

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