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Computational Biology Market Size, Trends, Share And Competitive Landscape, Outlook By 2033
Computational Biology Market Report
As per the report, 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 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%.
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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.
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 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
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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
Contents of the report:
1. Executive Summary
2. Computational Biology Market Report Structure
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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