Global computational biology market

Computational Biology Market Size, Share, Growth Analysis, By Application (Cellular, Biological Simulation, Drug Discovery, Disease Modeling), By End-User (Academics, Commercial, Pharmaceutical), By Service (In-House and Contract), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A2634 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 90 | Figures: 76

Computational Biology Market Insights

Computational Biology Market size was valued at USD 4527.82 Million in 2023 and is poised to grow from USD 5383.13 Million in 2024 to USD 21499.66 Million by 2032, growing at a CAGR of 18.89% during the forecast period (2025-2032).

The multidisciplinary applied discipline known as computational biology uses concepts from fundamental biology to explore biological systems using mathematical, theoretical, and computer simulation models. The increase in drug discovery research and development, the demand for predictive models, their use in population-based sequencing efforts like the human genome project, and government financing are all driving the market's expansion.

Computing-aided biological models are used in computational bio-modeling to precisely display simulation and review the intricacies of biological models in a virtual environment. The study of genomic homology and internal biological systems is the focus of the computational genetics subfield of computational biology. One of the best instances is the Human Genome Project, in which the entire human genome was successfully sequenced.

Computational biology is used in neurology to view and understand three-dimensional simulation models of the brain by mapping complicated interconnected pathways. When developing new drugs, computational pharmacology simulates complex drug-drug interactions using computer-aided visualisation methods.

The market is expanding as a result of rising R&D for drug development, need for predictive models, application in population-based sequencing efforts like the human genome project, and government financing. For instance, in March 2019, BeiGene, Ltd., a commercial stage pharmaceutical firm engaged in the development of immuno-oncology medications, and Ambrx Inc., a clinical-stage biopharmaceutical company focused on the field of protein therapies, signed an R&D collaboration agreement. In order to introduce an artificial amino acid into the protein sequences of both E. coli and Chinese Hamster Ovary (CHO) cells, Ambrx has developed a patented Expanded Genetic Code platform. Through this partnership, both parties will benefit from Ambrx's drug discovery platforms as well as the latter's knowledge, expertise, and resource pool to produce biologic therapies that are clinically advanced.

Pharmaceutical industry participants are turning away from conventional techniques of clinical trials and toward predictive models as a result of the growing costs of pharmaceuticals and the steadily rising rate of drug failure in late stages of clinical trials. As a result, the global market for computational biology is expanding significantly thanks to the rising demand for predictive models. The market is also being driven by the rising financing for research and development in this area from public and commercial institutions.

US Computational Biology Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Global Computational Biology Market size was valued at USD 5.7 billion in 2022 and is poised to grow from USD 6.75 billion in 2023 to USD 26.26 billion by 2031, growing at a CAGR of 18.5% during the forecast period (2024-2031). 

Given the presence of multiple significant competitors, the computational biology market is predicted to become extremely competitive in the near future. Mid-size to smaller businesses are expanding their market presence by releasing new products with lower prices as a result of rising technical breakthroughs and product innovations. Major companies in the market are concentrated on developing new items to extend their product portfolio as well as on implementing collaborative methods to increase their market share. For instance, Genedata, AG released Genedata Imagence 2.0, the most recent iteration of its corporate software for high-content screening (HCS) image analysis, in May 2020. 'DNAnexus, Inc. ', 'Illumina, Inc. ', 'Thermo Fisher Scientific, Inc. ', 'Schrodinger, Inc. ', 'Compugen ', 'Aganitha AI Inc. ', 'Genedata AG ', 'QIAGEN ', 'Simulations Plus, Inc. ', 'Fios Genomics ', 'Certara ', 'Chemical Computing Group ULC ', 'Dassault Systèmes ', 'Genedata AG ', 'Insilico Biotechnology AG '

Demand for computational biology is anticipated to increase as better computational tools for genome sequencing become more widely available. Computer programmes assist in creating PCR primers, display restriction enzyme cut sites on any piece of DNA, convert DNA sequences into amino acid sequences, and perform a variety of other tasks. Scientists may now easily get a wealth of information about the structure of genes, their encoded message, and many other topics because to the expanding availability of databases and sequence analysis software. By locating functionally significant protein sequences in these sizable datasets, computational methods improve the efficiency of the drug creation process. For instance, the protein targets found in microbial genomes can be used to destroy diseases or create useful enzymes that can be further commercialised. The computer-based prediction of protein function is the most efficient way for selecting valuable proteins from large genetic databases.

The growing number of clinical studies in the area of pharmacogenomics is the main factor driving the global market for computational biology. This has improved knowledge of the patient population's varied biological make-up, biological pathways, and the genomes that underlie them. Computational biology solutions are in high demand since they shorten the duration of various scientific investigations and the search for new drugs. In addition, a rising need for computational biology in the fields of epigenomics, proteomics, and meta-genomics to understand protein structures and interactions is also boosting the market growth. Additionally, significant technological developments in disease modeling and drug development, as well as increased investments in research and development (R&D) activities by both private and public institutions, are also anticipated.

North America contributes to the largest market share and It is anticipated that will significantly impact the worldwide industry. During the projected period, strong government support for genetically based research, an increase in public-private partnerships, and industry-academia cooperation are anticipated to be favourable factors for regional growth.

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Global computational biology market

Report ID: SQMIG35A2634

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