Global Computational Biology Market by Tool, by Application, by Region and Segment, Forecasts 2020–2026

Global Computational Biology Market was valued at USD 3.6 Billion in 2018, and is projected to grow at CAGR of 20.4% over 2020–2026. Growth of drug designing and disease modelling, rise in clinical studies in pharmacokinetics and pharmacogenomics and growing usage in population based sequencing projects such as human genome project are factors driving the market.

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Market Trends, Drivers, Restraints and Opportunity:

Rising number of clinical studies in pharmacogenomics followed by surge in clinical trials is expected to propel the market growth. In addition, technological advancements for drug development is anticipated to contribute massively
Wide use of computational biology in proteomics, epigenomics and genomics followed by growth in R&D in drug designing and disease modelling are some of the key factors contributing to the high CAGR during the forecast period
Techno-medical advancements have offered a wide range of opportunities in the healthcare domain wherein government funding, surge in R&D and increase in demand for predictive modelling are some of factors that enhance the market growth in the forecast span
For instance, rise in demand for genome sequencing and predictive analysis are some of the computational tools used in genomics and drug designing
On contrary, lack of standardization and shortage of competent manpower is likely to counter the market growth in the forecast years