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Computational biology is the branch of science which uses biological to develop models or algorithms to understand the various biological systems and relationships. It provides many advantages related to aspects of bioinformatics such as reduction of chances for humans to intake test drugs in the development phase, flexibility to use computation biology technology, provides high data accuracy etc. Due to several advantages offered by computational biology, it has got wide number of applications in academics, industrial and commercial sectors. Thus, its applications are boosting the global computational biology market with a CAGR of around 21% during the forecast period 2016-2023. As per Sanofi, there has been recent advances in the biological science which are leading to the modification of existing methodologies due to which biological and pharmaceutical issues are being addressed.
The key factor responsible for driving the growth of global computational biology market is the increasing adoption of computational biology technology. It facilitates the ideas to be transformed into hypotheses. Usage of statistics and data analytics in computational biology have reshaped biology. Computational biologists often use the computational biology techniques to figure out the answer to the questions of biological and biomedical fields in order to produce highly accurate data in order to enhance the productivity and efficiency of computational biology and analysis. Large amount of biological data has been generated from next-generation sequencing, mass spectrometry, microarrays, cryo-electron microscopy, and other high-throughput approaches. This led to increased adoption of computational biology technology in order to obtain new insights of genetic infectious diseases, basic biology, cancer and human migration patterns.
Source: OBRC Analysis.
The report on global computational biology market includes tools, services applications and end users.
Tools included in computational biology market report are:
Services included in computational biology market report are:
The applications of computational biology include:
The end users of computational biology include:
The global computational biology market report has been geographically segmented in:
North America has emerged as the largest market for computational biology market. The region had accounted for global share of about 58% in terms of revenue share in2015. The key factors contributing the growth of market in North America are growing initiatives and investments for research and development of drug discovery, technologies of disease modeling and modernization in the existing biological computation methods. For instance; In April 2017, Merck joined Drug discovery booster consortium of DND to initiate new treatments for deserted diseases. Asia pacific is the fastest growing computational biology market region and is anticipated to grow with a CAGR of around 29% during the forecast period. The key reason for this growth is the increasing investments in clinical studies for pharmacokinetics and pharmacogenomics.
Global computational biology market report covers segmentation analysis of tools, services applications and end users. Report further covers segments of tools which includes databases, infrastructure (Hardware) and analysis software & services. Among these segments, databases segment had dominated the tools segment and had recorded a market revenue share of about 45% in 2015. This was due to the massive genomic database usage for data mining and warehousing of biological and sequential data which is generated from analysis of genomic and proteomic data. Moreover, the analysis software and services segment used for the analysis of biological data is the fastest growing segment with a CAGR of over 21% during the forecast period. Whereas, applications of computational biology include cellular & biological simulation, drug discovery and disease modeling, preclinical drug development, clinical trials and human body simulation software. The cellular simulation application is the fastest growing segment with a CAGR of over 22% due to the transition in sequencing studies towards detailed analysis of the characteristics of various biological proteins which is the part of development of customized medicine. Furthermore, drug discovery and disease modelling application segment had dominated the global computational biology market and had accounted for market share of 58.0% in terms of revenue share in 2015. The key factor attributing to the growth of this segment is the large number of drug development pipelines which are currently deployed for several global leading generic drug manufacturing industries such as Sanofi, Eli Lilly and Novo Nordisk.
The major market players of the global computational biology market are:
These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, product and service launch is the key strategy adopted by the companies in the computational biology market.
For Example; In Jan 2017, Genedata AG launched Data Science Services which would offer on demand, project based assistance in data analysis and perception for the emerging field ofprecision medicines.
Similarly, in April 2017, Simulation plus launched the latest version of GastroPlus named as GastroPlus version 9.5. It is computational software consists of new features such as models for antibody drug conjugates etc. This would be used to provide assistance for process of drug approval.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in computational biology market.
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At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global computational biology market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the computational biology market, with giving extensive SCOT analysis of key companies.
Key findings of the global computational biology market