The Computational Biology by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Computational Biology , 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.
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.
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The computational biology market covered in this report is segmented –
1) Computational Biology Market By Services: In-house, Contract
2) Computational Biology Market By Tools: Databases, Infrastructure (Hardware), Analysis Software and Services
3) Computational Biology Market By Application: Cellular and Biological Simulation, Drug Discovery and Disease Modelling, Clinical Trials
4) Computational Biology Market By End Users: Research, Pharmaceutical Industry, Commercial Applications
Top Major Players
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 report table of contents includes:
1. Executive Summary
2. Computational Biology Market Characteristics
3. Computational Biology Market Trends And Strategies
4. Computational Biology Market – Macro Economic Scenario
5. Global Computational Biology Market Size and Growth
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31. Global Computational Biology Market Competitive Benchmarking
32. Global Computational Biology Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Computational Biology Market
34. Computational Biology Market Future Outlook and Potential Analysis
35. Appendix
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