With the emergence and long-term Impact of COVID-19, Global Computational Biology Market to reach USD 27.32 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Computational Biology Market is poised to raise up to USD 27.32 Billion by 2030. Computational Biology is an interdisciplinary field that combines computational science and biological research to gain a deeper understanding of biological systems and solve biological problems using computational techniques and tools. It involves the application of mathematical modeling, statistical analysis, and computer algorithms to analyze and interpret biological data, simulate biological processes, and make predictions about biological systems. The Computational Biology market is expanding because of factors such as increasing bioinformatics research and an increasing number of clinical studies in pharmacogenomics and pharmacokinetics.
Geographically, the global Computational Biology market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the dominance of key market players, rising investment in drug discovery and research and development activities. Asia Pacific is expected to grow at a fastest rate during the forecast period, owing to factors such as an increase in the number of collaborations for product development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
The global Computational Biology market is highly competitive owing to the presence of several key market players such as Nimbus Discovery LLC, Insilico Biotechnology AG, Compugen Ltd., Simulation Plus Inc, Chemical Computing Group, Rhenovia Pharma SAS, Dassault Systèmes SE and others.
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Global Computational Biology Market Size study & Forecast, by Application (Cellular & Biological Simulation, Drug Discovery & Disease Modelling, Preclinical Drug Development, Clinical Trials, Human Body Simulation Software), by Services (Contract, In-house), by End Use (Academics & Research, Commercial) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Computational Biology Market is anticipated to grow with a healthy growth rate of more than 19.50% over the forecast period 2023-2030.
- In the Application segment, Cellular & Biological Simulation emerged out as the leading market segment in 2022.
- In the Services segment, Contract emerged out as the leading market segment in 2022.
- In the End Use segment, Commercial emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to dominance of key market players, rising investment in drug discovery and research and development activities.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
- Cellular & Biological Simulation
- Drug Discovery & Disease Modelling
- Preclinical Drug Development
- Clinical Trials
- Human Body Simulation Software
- Academics & Research
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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