Computational Biology Market Growth With Worldwide Industry Analysis To 2030
According
to the current analysis of Reports and Data, the global Computational Biology Market was valued at USD 5.35 Billion in 2021 and is
expected to reach USD 29.49% Billion by the year 2030, at a CAGR of 29.49 % .
Science is massively benefitted from data processing, such as computational
biology. Computational biology is an interdisciplinary field of biology that
applies computational methods for analyzing biological data, such as genetic
sequences, cell populations, and protein samples, to discover new predictions.
The computational techniques used in computational biology include analytical methods,
mathematical modeling, and simulation.
Increasing
availability of improved computational tools for genome sequencing is expected
to increase demand for computational biology. Numerous computational programs
are available that help with the design of primers for Polymerase Chain
Reaction (PCR), show restriction enzyme cut sites on any piece of
Deoxyribonucleic Acid (DNA), and translate DNA sequences into amino acid
sequences and others. Similarly, using available databases and sequence
analysis software, a wide array of information can be obtained about a gene’s
structure, its encoded message, and the putative function of its encoded
protein.
The
global Computational Biology market research report provides a brief
overview inclusive of competitive landscape and key developments in the market.
It provides an extensive study analysis of the strategic alliances such as
mergers and acquisitions, joint ventures, collaborations, product launches and
brand promotions, corporate deals and partnerships, among others. It also
offers insights into company overview, financial standing, business expansion
plans, and revenue growth of each company. It also sheds light on product
advancement, technological developments, and research and development
activities.
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Key
Players:
The
global Computational Biology market consists of major players like include
Chemical Computing Group, Compugen, Simulation Plus, Genedata, Certara,
Insilico Biotechnology, Accelrys, Rhenovia Pharma, Entelos, Nimbus Discovery,
and Rhenovia Pharma
Further
key findings from the report suggest:
· Computational Biology market is growing at a CAGR of
2% in Asia-Pacific due to owing to increased spending on research works in
pharmacogenomics and pharmacokinetics in clinical studies for new drugs in the
region.
· In-house services are expected to be the fastest
growing service segment during the forecast period 2019-2027. Several funding
and R&D initiatives are undertaken by private institutions, and
biopharmaceutical companies for the detection of a biomarker for drug
development and disorder are driving the market growth.
· North America region accounted for nearly 45% of the
market share in 2019 owing to increasing R&D activities for drug discovery
processes and development of new biological computation tools.
· Several funding and R&D initiatives are undertaken
by private institutions, and biopharmaceutical companies for the detection of a
biomarker for drug development and disorder are driving the market growth.
· Computational Genomics segment is expected to witness
lucrative growth attributing to the recent technological advancements in cloud
computing and other IT technologies. For instance, the Epidemiology and
Genomics Research Program (EGRP) grants endowment to research-related
activities and related need for personalization in healthcare owing to genetic
variations, expanding application in non-oncology diseases,
· Market players are adapting various organic and
inorganic expansion strategies. For instance, Paragon Genomics Introduces
CleanPlex CFTR Panel and unveils new fusion detection enables identification of
known and novel gene fusions as diagnostic and prognostic markers for tumor
progression. The CFTR Panel leverages Paragon Genomics' CleanPlex technology in
a multiplex PCR-based targeted resequencing assay designed to simplify the
evaluation of somatic and germline variants across the Cystic Fibrosis Transmembrane
Conductance Regulator (CFTR) gene.
· Bioinformatics expanded to the development and the use
of computational tools for the biological interpretation of the large amounts
of data. There is a very heterogeneous scientific community that covers all
aspects of today’s genetic research. In the coming years the commitment to
bioinformatics and system biology will be extended even further with increased
funding and explicit commitment to both of these areas.
· Recently, in November 2019, Alibaba funded Hong Kong
biotech firms to boost investments. The fund has invested in Hong Kong-based
Prenetics, which provides genetics testing solutions for cancer screening and
pharmacogenomics
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Key
Questions Addressed in the Report:
- What is the
expected revenue growth rate the global Computational
Biology market is expected to register during the forecast period?
- What are the
key growth driving factors of Computational Biology market?
- Who are the
leading players in the market?
- What are the
key outcomes of SWOT analysis and Porter’s Five Forces analysis?
- Which region
is expected to account for the largest market share in the
global Computational Biology
Market
Segmentation:
Regional
Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
& Africa
Application
Outlook (Revenue, USD Billion; 2019-2030)
- Cellular and Biological
Simulation
- Computational
Genomics and Proteomics
- Pharmacogenomics
- Others
- Drug
Discovery
- Disease
Modeling
- Others
Service
Outlook (Revenue, USD Billion; 2019-2030)
- In-house
- Contract
End-use
Outlook (Revenue, USD Billion; 2019-2030)
- Academics
- Commercial
- Pharmaceutical
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Key
Points Addressed in the Report:
- A detailed
analysis of the global Computational Biology market through
assessment of key market aspects such as technology, product type,
application, end-use, and overall industry dynamics.
- Qualitative
and quantitative analysis of the market estimation and CAGR calculation
for the forecast period.
- All-inclusive
assessment of market dynamics with emphasis on drivers, restraints,
opportunities, and limitations.
- Extensive
profiling of key companies operating in the market including company
overview, financial standing, product offerings, product portfolio, recent
product and technological advancement, and business expansion plans.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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