The Computational Biology by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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The realm of computational biology, as elucidated by The Business Research Company, has experienced a meteoric expansion in recent times, with its market size surging from $6.96 billion in 2023 to a projected $8.27 billion in 2024, showcasing a robust compound annual growth rate (CAGR) of 18.8%. This growth trajectory is underpinned by pivotal factors such as the integration of multi-omics, the paradigm shift towards personalized medicine and precision healthcare, and the revolutionary impact of genomic sequencing on handling biological big data during the historic period.

Anticipating the future, the computational biology market is poised for exponential growth, with an anticipated valuation of $17.86 billion in 2028, reflecting an impressive CAGR of 21.2%. This upward trajectory in the forecast period can be ascribed to the pervasive influence of cloud computing and high-performance computing (HPC), the increasing adoption of quantitative and predictive biology, collaborative interdisciplinary research initiatives, and the continuous evolution of bioinformatics and computational tools. Noteworthy trends in this forecasted period encompass breakthroughs in data science and bioinformatics, the continuous refinement of genomic sequencing technologies, the integration of machine learning and artificial intelligence in bioinformatics, and their consequential impact on drug discovery and development, as well as the ongoing evolution of personalized medicine and precision healthcare. This confluence of factors marks a transformative phase in the landscape of computational biology, propelling it to the forefront of innovation and discovery.

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, in the fiscal year 2021, 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.

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The computational biology market covered in this report is segmented –
1) Computational Biology Market By Services: In-house, Contract
2) Computational Biology Market By Tools: Databases, Infrastructure (Hardware), Analysis Software and Services
3) Computational Biology Market By Application: Cellular and Biological Simulation, Drug Discovery and Disease Modelling, Clinical Trials
4) Computational Biology Market By End Users: Research, Pharmaceutical Industry, Commercial Applications

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.

The computational biology market report table of contents includes:

1. Executive Summary

2. Computational Biology Market Characteristics

3. Computational Biology Market Trends And Strategies

4. Computational Biology Market - Macro Economic Scenario

5. Global Computational Biology Market Size and Growth

......

31. Global Computational Biology Market Competitive Benchmarking

32. Global Computational Biology Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Computational Biology Market

34. Computational Biology Market Future Outlook and Potential Analysis

35. Appendix

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