This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Computational Biology industry._x000D_
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What is the expected value of the computational biology market over the forecast period?_x000D_
The computational biology market size has grown rapidly in recent years. It will grow from $8.09 billion in 2024 to $9.52 billion in 2025 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to multi-omics integration, personalized medicine and precision healthcare, genomic sequencing revolution, handling biological big data._x000D_
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The computational biology market size is expected to see exponential growth in the next few years. It will grow to $22.47 billion in 2029 at a compound annual growth rate (CAGR) of 23.9%. The growth in the forecast period can be attributed to cloud computing and high-performance computing (HPC), quantitative and predictive biology adoption, collaborative interdisciplinary research, advancements in bioinformatics and computational tools. Major trends in the forecast period include advancements in data science and bioinformatics, genomic sequencing technologies, machine learning and ai in bioinformatics, drug discovery and development, personalized medicine and precision healthcare._x000D_
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What industry dynamics are acting as key growth drivers for the computational biology market?_x000D_
Government funding has been the major driver in the computational biology market. Governments across the globe are funding infrastructure and academic courses to improve the capabilities of computational biologics in R&D, educational institutions, and other sectors. The rapid growth in government funding is expected to boost the demand for computational biological solutions, as they are widely used in R&D, clinical research, and other development activities. For instance, in April 2023, according to National Cancer Institute (NCI), a US-based government agency, the NCI had a total budget of $6.4 billion, which included $195 million in funding from the CURES Act. This represented a 1.6 percent increase, equivalent to $99.3 million, compared to the preceding fiscal year. Therefore, government funding is driving the computational biology market growth._x000D_
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What are the fastest-growing segments in the computational biology market forecast period?_x000D_
The computational biology market covered in this report is segmented –_x000D_
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1) By Services: In-house, Contract_x000D_
2) By Tools: Databases, Infrastructure (Hardware), Analysis Software and Services_x000D_
3) By Application: Cellular and Biological Simulation, Drug Discovery and Disease Modelling, Clinical Trials_x000D_
4) By End Users: Research, Pharmaceutical Industry, Commercial Applications_x000D_
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Subsegments:_x000D_
1) By In-house: Data Analysis, Software Development, Research And Development_x000D_
2) By Contract: Outsourced Bioinformatics, Collaborative Research, Data Management Services_x000D_
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What are the most notable trends influencing investment in the computational biology sector?_x000D_
Major companies operating in the computational biology market are developing new solutions for proteomics research to gain a competitive edge in the market. Proteomics research is a field of scientific study focused on the comprehensive analysis of proteins in a biological system. For instance, in May 2023, Biognosys AG, a Switzerland-based biotechnology company launched Spectronaut 18 and unveiled significant scientific and technological enhancements for its exclusive proteomics research software and offerings. Spectronaut 18 offers high throughput and efficiency in data-independent acquisition (DIA) proteomics analysis. The company’s TrueDiscovery platform accelerates biomarker discovery in fields like oncology and neuroscience by providing unparalleled depth and sensitivity in proteomics. TrueTarget enables high-resolution drug target identification and deconvolution, and Biognosys’ iRT Kit, recommended for real-time system suitability monitoring, is now supported in combination with Bruker ProteoScape software._x000D_
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Which major players hold significant market share in the computational biology sector?_x000D_
Major companies operating in the computational biology market include Certara L. P, Chemical Computing Group Inc., Compugen Ltd., Genedata AG, Insilico Biotechnology AG, Dassault Systèmes SE, Instem PLC, Rosa & Co. LLC, Simulation Plus Inc., Nimbus Discovery LLC, Rhenovia Pharma SAS, Leadscope Inc., DNAnexus, Altaris Capital Partner, Genialis Inc., Inari Agriculture Inc., BC Platforms, Ventus Therapeutics, Monte Rosa Therapeutics, Schrodinger Inc., Strand Life Sciences, Entos Pharmaceuticals, Numerate Inc., Insitro, Recursion Pharmaceuticals, Atomwise, Relay Therapeutics, Exscientia_x000D_
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Which regional segments are forecasted to witness the fastest growth in the computational biology market?_x000D_
North America was the largest region in the computational biology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the computational biology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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