The latest research report by Emergen Research, named ‘Global Computational Biology Market - Forecast to 2027’, entails a comprehensive review of the global Computational Biology market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
The global Computational Biology Market is forecasted to be worth USD 16.58 Billion by 2027, according to a current analysis by Emergen Research. Computational biology is used to analyze biological data such as cell populations, genetic sequences, and protein samples and also discover new predictions.
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Key Highlights From The Report
- In July 2020, the U.S. Department of Energy announced a funding of USD 5 million in computational biology for six new research projects. The purpose of the funding is to develop new analytical tools and software for managing an increase in the quantity of genomics and other data resulting from the study of microbes and other biological systems.
- The In-House service-type segment is anticipated to grow with the fastest CAGR of 22.8% during the forecast period. Several Biopharma companies are undertaking clinical trials in their own buildings to avoid extra cost and also to prevent the risk of leakage of their pipeline projects. Moreover, as technology is becoming affordable, more companies are opting for in-house service.
- The cellular & biology simulation segment is driven due to the high demand from computational genomics. The segment will witness growth owing to recent developments in IT technologies and cloud computing.
Regional Overview:
- The global Computational Biology market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Computational Biology market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Key Questions Answered in the Report:
- What is the growth rate of the Computational Biology market? What is the anticipated market valuation of Computational Biology industry by 2027?
- What are the key growth driving and restraining factors of the Computational Biology market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Computational Biology industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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