Press release
Computational Biology Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Computational Biology
How Large Will the Computational Biology Market Size By 2025?
The market size of computational biology has surged significantly in the past few years. It is projected to increase from $8.09 billion in 2024 to $9.52 billion in 2025, marking a compound annual growth rate (CAGR) of 17.6%. The expansion during the historical period has been propelled by factors such as the integration of multi-omics, personalized medicine and precision healTH*Care, the revolution in genomic sequencing, and the management of biological big data.
How Big Is the Computational Biology Market Size Expected to Grow by 2029?
The market size of computational biology is anticipated to witness a significant surge in the coming years, expected to reach $22.47 billion by 2029, with a compound annual growth rate (CAGR) of 23.9%. Various factors contributing to this growth during the forecast period include the advent of cloud computing and high-performance computing (HPC), the implementation of quantitative and predictive biology, interdisciplinary research collaborations, and the progression of bioinformatics and computational tools. Notable trends that will mark the forecast period encompass progress in data science and bioinformatics, advancements in genomic sequencing technologies, the application of machine learning and AI in bioinformatics, drug discovery, development, personalized medicine, and precision healTH*Care.
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Which Key Market Drivers Powering Computational Biology Market Expansion and Growth?
The computational biology market is primarily driven by government funding. There is a global trend of governments investing in infrastructure and academic courses aimed at enhancing the abilities of computational biologics across sectors such as R&D, educational institutions, among others. The surge in government funding is anticipated to escalate the need for computational biological solutions, given their widespread application in R&D, clinical research, and various developmental activities. For example, National Cancer Institute (NCI), an American government agency, reported in April 2023 that the NCI had a total budget of $6.4 billion. This comprised $195 million sourced from the CURES Act and represented an increase of 1.6 percent, or $99.3 million, compared to the previous financial year. As a result, government funding is a significant propellant for the growth of the computational biology market.
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Which Fast-Growing Trends Are Poised to Disrupt the Computational Biology Market?
Significant players in the computational biology marketplace are innovating novel solutions for proteomics studies, in order to maintain a competitive advantage. Proteomics research pertains to the detailed study of proteins in a biological ecosystem. For instance, in May 2023, the Switzerland-based biotech corporation Biognosys AG introduced Spectronaut 18, imparting considerable scientific and technological advancements to its unique proteomics research tools and services. Spectronaut 18 brings high efficiency and productivity in data-independent acquisition (DIA) proteomics evaluation. The company's exclusive TrueDiscovery platform facilitates faster biomarker discovery within sectors like oncology and neuroscience by delivering unmatched depth and sensitivity in proteomics. TrueTarget provides outstanding resolution for drug target identification and deconvolution. Plus, Biognosys' iRT Kit, suggested for real-time system suitability tracking, is now compatible with Bruker ProteoScape software.
What Are the Emerging Segments in the Computational Biology Market?
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
Subsegments:
1) By In-house: Data Analysis, Software Development, Research And Development
2) By Contract: Outsourced Bioinformatics, Collaborative Research, Data Management Services
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Who Are the Global Leaders in the Computational Biology Market?
Major companies operating in the computational biology market include Certara L. P, Chemical Computing Group Inc., Compugen Ltd., 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
Which are the Top Profitable Regional Markets for the Computational Biology Industry?
North America was the largest region in the computational biology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the computational biology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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