According to IMARC Group latest report titled “Computational Biology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on computational biology industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global computational biology market reached a value of US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.8 Billion by 2027, exhibiting a CAGR of 22.1% during 2022-2027.

Computational biology, also known as bioinformatics, refers to the interdisciplinary branch of science that utilizes mathematics, statistics, and computer science for understanding and modeling the processes of life. It involves several aspects of biology, such as genetics, evolution, cell biology, biochemistry, etc. Bioinformatics uses computational techniques, including algorithms, to represent and simulate biological systems and interpret experimental data on a large scale. It also assists in understanding the treatment of diseases and cellular functions by creating a database of biological information from amino-acid sequences, nucleotides, macromolecular structures, etc. Consequently, computational biology has become an essential component of biological research projects, such as protein data banks, the human genome project, genomic databases, etc.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The expanding number of clinical studies in the field of pharmacogenomics is primarily driving the computational biology market. Besides this, the escalating demand for these solutions to aid in the understanding of the diverse biological makeup, biological pathways, genomes, etc., of individuals is further catalyzing the market growth. Moreover, the increasing use of computational biology in epi-genomics, proteomics, meta-genomics, etc., to understand protein structures and interactions is acting as another growth-inducing factor. Apart from this, the growing investments by private organizations and government bodies in research and development (R&D) activities are augmenting the global market, since computational biology helps reduce the overall time needed for drug discovery. Additionally, numerous technological advancements in disease modeling and drug development are expected to fuel the computational biology market over the forecasted period. 

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • Certara
  • Chemical Computing Group ULC
  • Compugen Ltd
  • Dassault Systèmes
  • Genedata AG
  • Insilico Biotechnology AG
  • Instem plc
  • Nimbus Therapeutics LLC
  • Schrödinger Inc.
  • Simulations Plus Inc

Computational Biology Market Segmentation:

Our report has categorized the market based on region, application, services and end use industry.

Breakup by Application:

  • Cellular and Biological Simulation
    • Computational Genomics
    • Computational Proteomics
    • Pharmacogenomics
    • Others
  • Drug Discovery and Disease Modelling
    • Target Identification
    • Target Validation
    • Lead Discovery
    • Lead Optimization
  • Preclinical Drug Development
    • Pharmacokinetics
    • Pharmacodynamics
  • Clinical Trials
    • Phase I
    • Phase II
    • Phase III
  • Human Body Simulation Software

Breakup by Services:

  • In-house
  • Contract

 Breakup by End Use:

  • Academics
  • Pharmaceutical Industry
  • Commercial

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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