According to IMARC Group latest report titled” Computational Biology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global Computational Biology Market to grow at a CAGR of around 21% during 2021-2026. Computational fluid dynamics (CFD) refers to a scientific method that is generally used to analyze fluid and heat flow. It involves the use of data structures and numerical analysis to calculate the flow and interaction of liquid and gases. Also, it utilizes computer software to visualize the effect of fluids on a particular object. It is extensively used in multiple applications to solve issues in the flow of fluid, including the density, velocity and chemical composition.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global market is primarily driven by significant growth in the aerospace industry. Along with this, continual technological advancements across the sector, wherein the CFD method is widely adopted to maintain the critical components of the aircraft, are creating a positive outlook for the market. Moreover, the widespread adoption of the CFD method to prevent cavitation in pumps by measuring the damage at a granular level is also providing an impetus to the market growth. Furthermore, this method is used to solve issues in batteries related to overcharging, ambient heating and rapid discharging in a cost-effective manner, thereby contributing to the market growth further.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Computational Biology Market Segmentation:
Our report has categorized the market based on region, application, services and end use industry.
Breakup by Application:
Cellular and Biological Simulation
Drug Discovery and Disease Modelling
Preclinical Drug Development
Breakup by Services:
Breakup by End Use:
Breakup by Region:
Key highlights of the report:
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