Computational Biology Market to Grow by a CAGR of 20% during 2022 – 2031
Research Nester published a report titled “Computational Biology Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global computational biology market in terms of market segmentation by application, component, end-user, and by region.
Further, for the
in-depth analysis, the report encompasses the industry growth indicators,
restraints, supply and demand risk, along with detailed discussion on current
and future market trends that are associated with the growth of the market.
The global
computational biology market is anticipated to attain a CAGR of ~20% over the
forecast period, i.e., 2022 – 2031. The market is segmented by application into
cellular and biological simulation, drug discovery, disease modelling,
preclinical drug development, clinical trials, human body simulation, and
others. Out of these, the drug discovery segment is anticipated to hold the
notable share in the global computational biology market over the forecast
period on account of growing demand for new and effective drugs, backed by the
growing prevalence of diseases, and development of immunity in the microbes for
a specific drug.
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The global computational biology market is estimated to grow on
the back of increasing research activities, along with the growing investment
in the R&D activities. Computational biology is a science of studying
biological systems through mathematical modelling, which is required for
research activities, biotech and genomics, pharmaceutical R&D, and
scientific software development. The advancement in the medical science, along
with the development of innovative technologies and medical equipment is
estimated to boost the market growth.
On the basis of geographical analysis, the global computational
biology market is segmented into five major regions including North America,
Europe, Asia Pacific, Latin America and Middle East & Africa region. The
market in the North America region is anticipated to gain the largest market
share throughout the forecast period on the back of the growing R&D activities,
coupled with the high investment in research activities. According to the data by the
World Bank, 2.732% of the GDP of North America was spent on R&D activities
in 2018. Moreover, increasing scope for learning and
practicing computational biology in the region is also estimated to boost the
market growth.
The research is global
in nature and covers detailed analysis on the market in North America (U.S.,
Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark],
Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico,
Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South
Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific),
Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar,
Oman], North Africa, South Africa, Rest of Middle East and Africa). In
addition, analysis comprising market size, Y-O-Y growth & opportunity
analysis, market players’ competitive study, investment opportunities, demand
for future outlook etc. has also been covered and displayed in the research
report.
Growing Investment in R&D Activities to Boost the Market
Growth
According to the data by the World Bank, 2.203% of the global
gross domestic product (GDP) was spent for research and development activities
in the year 2018.
Increasing research
and development activities is estimated to majorly drive the market growth, as
research activities require the knowledge of computational biology to study
human genomes. Furthermore, the high investment in R&D activities by the
government and private companies, is further estimated to boost the market
growth.
However, lack of
enough number of researchers and trained professionals is expected to operate
as key restraint to the growth of global computational biology market over the
forecast period.
This report also
provides the existing competitive scenario of some of the key players of the
global computational biology market which includes company profiling of Certara
Inc., Instem Group, Compugen, Chemical Computing Group ULC, Rhenovia Pharma
SAS, Nimbus Discovery LLC, Rhenovia Pharma SAS, Insilico Biotechnology AG,
Genedata AG, and Dassault Systèmes SE. The profiling enfolds key information of
the companies which encompasses business overview, products and services, key
financials and recent news and developments. On the whole, the report depicts
detailed overview of the global computational biology market that will help
industry consultants, equipment manufacturers, existing players searching for
expansion opportunities, new players searching possibilities and other
stakeholders to align their market centric strategies according to the ongoing
and expected trends in the future.
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