Global Computational Biology Market to Exhibit 21.30% CAGR 2012-2018 as Companies Target Better Clinical Trial Outcomes A number of drug candidates failing in late-stage clinical trials has brought to the fore the importance of computational biology; this will help the global computational biology market reach a valuation of US$2.9 bn by 2018, rising rapidly from its 2011 valuation of US$0.7 bn, says Transparency Market Research. In its report, titled ‘Computational Biology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018’, the market intelligence firm also states that the computational biology market will expand at a 21.30% CAGR worldwide.
The high CAGR of the market can be attributed to the fact that several big pharma players such as Sanofi, Roche, Novartis, and Pfizer have made investments in computational biology systems for improved clinical outcomes and many other companies are expected to follow suit. The computational biology market deals with the use of biology and computers for drug discovery and drug development. This is conducted through modeling and simulation models for pharmacokinetics and pharmacodynamics. Rise in late stage drug failure coupled with contraction of innovative drugs has led to huge financial losses to the biotech pharmaceutical companies. It has therefore become imperative for pharmaceutical companies to invest in computational biology. In 2011, the global computational biology market was valued to be USD
760.2 million and is expected to grow at a CAGR of 21.3% from 2012 to 2018. Computational biology also helps to reduce extensive use of humans in trials and is therefore useful for pediatric trials, trials on pregnant women and orphan disease research. The drug discovery market accounts to be the largest market for computational biology as its use at this stage helps in reduction of drug failure in the subsequent phase i.e. development phase. Currently, there is a large market of contract service providers of computational biology; nonetheless multinational pharmaceutical companies are setting up their own computational biology centers to fasten the process of drug discovery and development. Governments across the globe are funding infrastructure and academic courses to improve and increase the number of computational biologists. Browse Full Research Report on Computational Biology Market: http://www.transparencymarketresearch.com/computationalbiology.html In this study, the global computational biology market is segmented on the basis of applications, tools, and geography. Basis application, the market is segmented into disease modelling and simulation applications/computer aided drug design and cellular modeling and simulation. The disease modelling and simulation applications/computer aided drug design segment is further segmented into drug discovery and drug development. The cellular modeling and simulation segment is subsegmented into computational proteomics, computational genomics, pharmacogenomics, and others. The findings of the report indicate that the growth of the drug discovery segment will be the fastest in the computational biology market by application, with a CAGR of over 25.0% through the report’s forecast
period. On the basis of tools, the computational biology market has been divided into analysis software and services, database, and IT infrastructure (hardware). From the geographical standpoint, the global computational biology market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. According to the TMR report, North America has conventionally been the largest market for computational biology in the world. While the region will maintain its lead in the near future, aggressively growing countries such as India and China in the Asia Pacific region will create a massive opportunity for growth for companies in this market. The study also comprises a comprehensive study of the competitive landscape in the computational biology market. Companies studied in the report include: Certara, Accelrys, Chemical Computing Group Inc., Entelos, Compugen, Ltd, Insilico Biotechnology AG, Genedata AG, and others. Browse Full Press Release on Computational Biology Market: Press Release
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