Computational biology referred as development and application of data analytical and theoretical methods, computational simulation, and mathematical modelling techniques which are used for study of biological systems. This is multifaceted field and that combines the principles of applied animation, computer science, anatomy, biophysics, biochemistry, ecology, and genomics. Also, computational biology includes bioinformatics and the science of using biological data to develop algorithms to understand biological systems and its relationships.
Increase in number of clinical studies and in pharmacokinetics and pharmacogenomics for new drug discovery and development is considered as key driving factor which is expected to boost the global computational biology market growth. Furthermore, increase in demand for predictive models and funding from governments and private enterprises for research and development activities will positively contribute the market growth. Moreover, increase in use of computational tools in epi-genomics, genomics, proteomics, and meta genomics to understand 3D protein structural analysis, gene sequencing coupled with research activities in new drug designing process which expected to drive the market growth.
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However, lack of trained professionals is the major restraining factor which is expected to hinder the global computational biology market growth.
Global Computational Biology Market is segmented into services such as In-House, and Contract, by application such as Human Body Simulation Software, Preclinical Drug Development, Cellular & Biological Simulation, Clinical Trials, and Drug Discovery & Disease Modeling. Further, market is segmented into end user such as Academics, and Commercial.
Also, Global Computational Biology Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market key Players
Various key players are discussed in this report such as Gene data AG, Chemical Computing Group Inc., Nimbus Discovery Plc., Simulation Plus Inc, Dassault Systems, Compugen Ltd., Insilico Biotechnology AG, and Leadscope Inc.
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