Press release
Global Computational Biology Market Comprehensive Study: Forecasted Market Size And Growth Rate
Computational Biology Market
The Business Research Company offers in-depth market insights through Computational Biology Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The computational biology market size has grown rapidly in recent years. It will grow from $6.96 billion in 2023 to $8.27 billion in 2024 at a compound annual growth rate (CAGR) of 18.8%. The growth in the historic period can be attributed to multi-omics integration, personalized medicine and precision healthcare, genomic sequencing revolution, handling biological big data..
The computational biology market size is expected to see exponential growth in the next few years. It will grow to $17.86 billion in 2028 at a compound annual growth rate (CAGR) of 21.2%. The growth in the forecast period can be attributed to cloud computing and high-performance computing (hpc), quantitative and predictive biology adoption, collaborative interdisciplinary research, advancements in bioinformatics and computational tools. . Major trends in the forecast period include advancements in data science and bioinformatics, genomic sequencing technologies, machine learning and ai in bioinformatics, drug discovery and development, personalized medicine and precision healthcare..
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Market Segmentation:
The computational biology market covered in this report is segmented -
1) By Services: In-house, Contract
2) By Tools: Databases, Infrastructure (Hardware), Analysis Software and Services
3) By Application: Cellular and Biological Simulation, Drug Discovery and Disease Modelling, Clinical Trials
4) By End Users: Research, Pharmaceutical Industry, Commercial Applications
Major Driver - Rising Government Funding For Research And Development To Drive Market Growth
Government funding has been the major driver in the computational biology market. Governments across the globe are funding infrastructure and academic courses to improve the capabilities of computational biologics in R&D, educational institutions, and other sectors. The rapid growth in government funding is expected to boost the demand for computational biological solutions, as they are widely used in R&D, clinical research, and other development activities. For instance, in April 2023, according to National Cancer Institute (NCI), a US-based government agency, in the fiscal year 2021, the NCI had a total budget of $6.4 billion, which included $195 million in funding from the CURES Act. This represented a 1.6 percent increase, equivalent to $99.3 million, compared to the preceding fiscal year. Therefore, government funding is driving the computational biology market growth.
Competitive Landscape:
Major companies operating in the computational biology market report are Accelrys Inc., Certara L. P, Chemical Computing Group Inc., Compugen Ltd., Entelos Inc., Genedata AG, Insilico Biotechnology AG, Dassault Systèmes SE, Instem PLC, Rosa & Co. LLC, Simulation Plus Inc., Nimbus Discovery LLC, Rhenovia Pharma SAS, Leadscope Inc., DNAnexus, Altaris Capital Partner, Genialis Inc., Inari Agriculture Inc., BC Platforms, Ventus Therapeutics, Monte Rosa Therapeutics, Schrodinger Inc., Strand Life Sciences, Entos Pharmaceuticals, Numerate Inc., Insitro, Recursion Pharmaceuticals, Atomwise, Relay Therapeutics, Exscientia
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Top Trend - Advancements In Mass Spectrometry-Based Proteomics Transforming Computational Biology Market
Major companies operating in the computational biology market are developing new solutions for proteomics research to gain a competitive edge in the market. Proteomics research is a field of scientific study focused on the comprehensive analysis of proteins in a biological system. For instance, in May 2023, Biognosys AG, a Switzerland-based biotechnology company launched Spectronaut 18 and unveiled significant scientific and technological enhancements for its exclusive proteomics research software and offerings. Spectronaut 18 offers high throughput and efficiency in data-independent acquisition (DIA) proteomics analysis. The company's TrueDiscovery platform accelerates biomarker discovery in fields like oncology and neuroscience by providing unparalleled depth and sensitivity in proteomics. TrueTarget enables high-resolution drug target identification and deconvolution, and Biognosys' iRT Kit, recommended for real-time system suitability monitoring, is now supported in combination with Bruker ProteoScape software.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Computational Biology Market Characteristics
3. Computational Biology Market Trends And Strategies
4. Computational Biology Market - Macro Economic Scenario
5. Computational Biology Market Size And Growth
…..
27. Computational Biology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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