Global Computational Biology Market to Grow at a CAGR of 22.5% During 2024-2032, Aided by the Rising Demand for Computational Biology from the Bioinformatics Sector

The computational biology industry is driven by the rising demand from the bioinformatics sector. Computation tools in bioinformatics can bolster the understanding of human genomes and drug discovery processes. The computational biology tools are gaining traction in the drug discovery process, as they help reduce time and improve efficacy of this complex, time consuming, and costly process.

In August 2021, Certara, Inc. (NASDAQ: CERT) acquired Pinnacle 21 for $310 million in cash and stock. The acquisition is likely to establish Certara, Inc. as a central participant in the data standardisation process across the entire drug development life cycle. In May 2021, Certara, Inc.     announced the launch of its secondary intelligence software. The software has the ability to predict the risk of adverse effects and safety issues derived from secondary pharmacology that might hinder the clinical development of a drug.

In terms of region, North America is anticipated to account for a significant share in the market, owing to the growing R&D activities in the field of biology systems, coupled with the rising expenditure towards the drug discovery process. The market in the region will further be aided by the growing application of the computational biology tools in various commercial and third-party services. In the United States of America and Canada, the growing focus on efficient database management offered by the computational biology is likely to provide impetus to the global computational biology industry.

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Market Breakup by Application, Service, End Use, and Region:

• The major applications of computational biology are cellular and biological simulation, drug discovery and disease modelling, preclinical drug development, clinical trials, and human body simulation software.

• Based on service, the market is segmented into in-house and contract.

• The significant end uses of computational biology are academics, industry, and commercial.

• Region-wise, the global market for computational biology can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for computational biology is being driven by its growing application in various end use industries, including academics and research studies.

• The growing demand for high-performance computational tools from the bioinformatics sector is likely to aid the market.

• The growing drug discovery initiatives and clinical trials across the world are anticipated to augment the market growth.

• The market is expected to be aided by the growing investments by the key players to improve their services and offer products with improved efficacy.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for computational biology for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the    applications, services, end uses, and regions of computational biology.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global computational biology market are Chemical Computing Group ULC, Dassault Systèmes S.E., Certara, Inc., Leadscope Inc., Compugen Ltd., and Genedata AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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