Computational Biology Market | Coherent Market Insights

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• COMPUTATIONAL BIOLOGY MARKET ANALYSIS
• Computational Biology Market, By Type (Cellular
  Biological Simulation (Computational Genomics,
  Computational Proteomics, Pharmacogenomics,
  Others (Transcriptomics/Metabolomic)), Disease
  Modeling and Simulation Applications (Drug
  Discovery, Drug Development)), By Tools
  (Content/Database, Analysis Software Services,
  IT Infrastructure (Hardware)), and By Region
  (North America, Latin America, Europe, Asia
  Pacific, Middle East Africa) - Size, Share,
  Outlook, and Opportunity Analysis, 2020 - 2027

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• Computational biology focuses on the development
  and application of data-analytical and
  theoretical methods, mathematical modeling and
  computational simulation techniques in life
  sciences.
• Statistics
• The global computational biology market is
  estimated to account for US 12,601.1 Mn in terms
  of value by the end of 2027.
• Global Computational Biology Market Drivers
• High cost of drug development is expected to
  propel growth of the global computational biology
  market over the forecast period. For instance,
  according to an analysis published in JAMA in
  March 2020, U.S. biopharmaceutical companies
  spent around US 1 billion to bring each of their
  new drugs to market between 2009 and 2018.
• Moreover, several benefits of computational
  biology are also expected to aid in growth of the
  market. Predictive modeling tools in
  computational biology can provide invaluable
  information to better streamline drug development
  process. Predictive modelling helps to reduce the
  total number of recruited patients and to shorten
  the duration of clinical trials.

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• Statistics
• North America held dominant position in the
  global computational biology market in 2019,
  accounting for 44.2 share in terms of value,
  followed by Europe and Asia Pacific, respectively
• Figure 1 Global Computational Biology Market
  Share () Value, By Region, 2019

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• Global Computational Biology Market Restraints
• Enormous data with lack of standardization has
  limited the growth of computational biology
  market. There is rise in need for combination of
  the available software to build a composite
  application for current single task tools. The
  tools should be compatible with each other and
  should be able to use the same data effectively.
  User friendly databases are needed to reduce the
  time and effort currently being spent on the
  analysis of petabytes of data available with
  institutions and governments across the world.
• Moreover, issues with data storage and
  organization are also limiting growth of the
  market. Rapid data accumulation poses challenges
  in organizing the data as it is diverse and may
  belong to populations, disease associations,
  symptoms, therapeutic drugs, and others.

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Computational Biology Market Report Coverage

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• Global Computational Biology Market
  Opportunities
• Developing computer networks for surveillance of
  disease and mapping the pathways and biological
  networks associated with the initiation is
  expected to offer lucrative growth opportunities
  for players in the global computational biology
  market.
• Moreover, increasing prevalence of chronic
  disorders is also expected to aid in growth of
  the market. For instance, according to the
  American Cancer Society, in 2019, there will be
  an estimated 1,762,450 new cancer cases diagnosed
  and 606,880 cancer deaths in the U.S.
• Statistics
• The global computational biology market was
  valued at US 3,453.2 Mn in 2019 and is forecast
  to reach a value of US 12,601.1 Mn by 2027 at a
  CAGR of 17.6 between 2020 and 2027.

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Figure 2 Global Computational Biology Market
Value (US Mn), 2016 2027

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• Market Trends/Key Takeaways
• Increasing focus on reducing cost of drug
  development has led to manufacturers to adopt 3D
  modeling systems to analyze samples. Use of 3D
  modeling systems aids in recording rare cell
  events, accurate cell counts, improved
  sensitivity of detection, thereby accelerating
  the drug discovery process.
• Major players in the market are focused on
  launching products and services that aid in
  treatment and management of Covid-19. For
  instance, in April 2020, Certara L.P. launched
  the COVID-19 Pharmacology Resource Center to help
  advance therapeutics for COVID-19.
• Global Computational Biology Market Competitive
  Landscape
• Major players operating in the global
  computational biology market include, Accelrys,
  Certara, L.P., Chemical Computing Group Inc.,
  Compugen, Ltd., Entelos, Inc. (Rosa Co. LLC),
  Genedata AG, Insilico Biotechnology AG,
  Leadscope, Inc., Nimbus Discovery LLC, Rhenovia
  Pharma SAS, Schrodinger, and Simulation Plus,
  Inc.

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• Global Computational Biology Market Key
  Developments
• Major players in the market are focused on
  launching new products to expand their product
  portfolio. For instance, in May 2020, Genedata,
  AG launched Genedata Imagence 2.0, the latest
  version of its enterprise software for
  high-content screening (HCS) image analysis.
• Major players in the market are also focused on
  adopting collaboration strategies to enhance
  their market share. For instance, in March 2019,
  Rosa Co. LLC collaborated with Chugai
  Pharmaceutical Co., Ltd. Under the collaboration
  Rosa Co. LLC will provide its PhysioPD research
  services for RD in multiple therapeutic areas.

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  market-insight/computational-biology-market-3915

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