Press release
Computational Biology Market Growth Trends: Regional Breakdown and Key Player Forecast (2024-2031) | Simulations Plus Inc., Insilico Biotechnology AG, Compugen Ltd.
Computational Biology Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Computational Biology market from 2024 to 2031?
Global Computational Biology market is expected to reach at a Significant CAGR during the forecast period 2024-2031.
What is Computational Biology Market?
The computational biology market involves the use of computational techniques and tools to analyze biological data, facilitating advancements in genomics, drug discovery, and personalized medicine. This market is rapidly expanding due to the increasing volume of biological data generated by technologies like next-generation sequencing and the growing need for data-driven insights in healthcare and research. Innovations in artificial intelligence and machine learning are further enhancing computational biology applications, driving demand for software, algorithms, and services that enable researchers and clinicians to understand complex biological systems more effectively.
Growth Driver
Lack of Skilled Resources to Operate Computational Tools
The growth of the computational biology market is facing a significant challenge due to a shortage of skilled professionals in the field. Operating computational tools effectively necessitates a unique combination of expertise in biology, data science, computer science, and statistics.
This specialized skill set makes it difficult to find qualified experts, which in turn hampers market development. As the demand for advanced computational solutions increases, the lack of trained personnel may hinder progress and limit the potential of this evolving industry. Addressing this skills gap will be crucial for unlocking the full capabilities of computational biology and fostering further innovations in the market.
Key Players:
Profiles of some of the major players in the global Computational Biology market, which include Simulations Plus Inc., Insilico Biotechnology AG, Compugen Ltd., Certara., Nimbus Therapeutics., Athos Therapeutics, Thermo Fisher Scientific Inc., Schrödinger, Inc., Fios Genomics, Illumina, Inc. among others.
Industry Development:
In November 2022, Turbine Ltd., a UK-based company specializing in cell behavior simulation, announced the successful closure of a $20 million series financing round. This funding is aimed at advancing its innovative technologies in the field of cellular simulations.
In June 2022, Certara released updated versions of its Immunogenicity (IG), Immuno-oncology (IO), and Vaccine Simulators. These tools are designed to enhance the prediction of drug behaviors and to address critical questions in the development of new biological therapies, supporting researchers and developers in optimizing their therapeutic strategies.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Computational Biology market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Application: Cellular & Biological Simulation, Drug Discovery & Disease Modelling, Preclinical Drug Development, Clinical Trials, Human Body Simulation Software.
By Tool: Databases, Infrastructure, Analysis Software and Services.
By Service: In-House, Contract.
By End User: Academic & Research, Industrial, Commercial, Others.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features
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➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
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➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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