Computational biology is also referred to as bioinformatics; it makes
use of algorithms based on biological data to establish relations
between different biological systems. By creating sophisticated
modeling and simulation models for pharmacodynamics and
pharmacokinetics, several recent drug discovery and development
projects have made use of computational biology with successful
results. This has consequently impelled the adoption of this
technique among several companies in the pharmaceuticals industry
worldwide. The greatest advantage of computational biology is that it
helps reduce the number of human candidates required to test drugs in
the development stage. It has therefore proven especially useful in
formulating drugs for the pediatric population and pregnant women.
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However, in the absence of widespread standardization in processes
and techniques, the growth of the computational biology market could
be impacted, says TMR. Likewise, the presence of non-predictive
models could fail to emerge with the desired results, causing
consumers to lose confidence in computational biology.
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 sub-segmented into computational proteomics,
computational genomics, pharmacogenomics, and others.
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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.
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