According to IMARC Group latest report titled “Computational Biology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on computational biology market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global computational biology market reached a value of US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.8 Billion by 2027, exhibiting a CAGR of 22.1% during 2022-2027.
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.
- Chemical Computing Group ULC
- Compugen Ltd
- Dassault Systèmes
- Genedata AG
- Insilico Biotechnology AG
- Instem plc
- Nimbus Therapeutics LLC
- Schrödinger Inc.
- Simulations Plus Inc
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
- Computational Genomics
- Computational Proteomics
- Drug Discovery and Disease Modelling
- Target Identification
- Target Validation
- Lead Discovery
- Lead Optimization
- Preclinical Drug Development
- Clinical Trials
- Phase I
- Phase II
- Phase III
- Human Body Simulation Software
Breakup by Services:
Breakup by End Use:
- Pharmaceutical Industry
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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