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Report Overview
The global computational biology market was valued at USD 5.25 Billion in 2024 driven by increasing investments in computational biology research and the rising interdisciplinary collaborations across the globe. The market is further expected to grow at a CAGR of 22.50% in the forecast period of 2025-2034 to attain a value of over USD 39.95 Billion by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
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The rising regulatory support towards the integration of advanced computational methods in drug safety and efficacy evaluations is expected to drive market demand in the forecast period.
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The increasing adoption of high-performance computing (HPC) and cloud computing in computational biology is poised to drive innovation and growth in the market.
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The market share is influenced by the increased strategic collaborations, substantial investments, and advancements in bioinformatics tools.
Global Computational Biology Market Growth Drivers
Regulatory Support for Advanced Computational Methods to Affect the Market Landscape Significantly
In August 2023, biosimulation company Certara’s division Simcyp Group received two new grants from the United States Food and Drug Administration (FDA) with the aim of expanding its innovative predictive models for drug virtual bioequivalence (VBE) studies and creating a formulation toolbox for topically applied drugs. This collaboration with the FDA will facilitate the development of model-informed approaches and is likely to ensure faster and more cost-effective development of novel drugs as well as complex generics. The rising regulatory support towards the integration of advanced computational methods in drug safety and efficacy evaluations is anticipated to bolster market growth in the coming years.
Increased Investment to Meet Rising Computational Biology Market Demand
There is a growing recognition of the importance and potential of computational biology, which is attracting significant investments from institutional investors, private donors, and venture capitalists. For instance, in November 2023, Carnegie Mellon University's Computational Biology Department received an investment of USD 25 million from the university's trustees. The funding was intended to be used in establishing an endowment, supporting the program's strategic priorities and infrastructure development. Such financial backing in the field of computational biology is poised to promote innovation and the development of new technologies, which will ultimately impact market growth.
Computational Biology Market Report Snapshots
Computational Biology Market Size
Computational Biology Market Growth
Computational Biology Market Trends
Computational Biology Market Share
Computational Biology Regional Analysis
Computational Biology Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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