Infinium Global Research Computational Biology Market | Page 2

Computational Biology Market: Trends and Forecasts up to 2024
The Infinium Global Research analyzes the report of Computational Biology Market
over the period of 2018 to 2024. This report also provides detailed qualitative and
quantitative analyses of the market dynamics, market size and future trends in
Global Computational Biology Market. It will help a lot of decision makers to
develop strategies and find new opportunities in the Global markets of
Computational Biology.
The report covers market changing aspects including drivers, restraints,
opportunities, and trends expected to encouragement the expansion of the
Computational Biology Market during the said period. The report also provides
market attractiveness analysis, by geography, and market share analysis, by key
players respectively. Some of the prominent participants in the Global
Computational Biology Market are Nimbus Discovery Llc, Simulation Plus Inc,
Dassault Systemes, Compugen Ltd, Rosa & Co. LLC, Insilico Biotechnology AG,
Schrodinger and Leadscope Inc. According to report the global computational
biology market is projected to grow at a CAGR of 21% over the forecast period of
2018-2024.
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Computational biology can be defined as the development and application of data-
analytical and theoretical methods, mathematical modeling and computational
simulation techniques for studying biological systems. It is a multifaceted field that
combines the principles of applied mathematics, animation, computer science,
anatomy, neuroscience, visualization, biophysics, biochemistry, ecology, and
genetics. Computational Biology includes many appearances of bioinformatics and
is the science of using biological data to develop algorithms or models to
understand biological systems and relationships. It reduces the number of human
candidates required to test drugs in the development stage and this is the key
advantage of computational biology. It is useful in formulating drugs for the
pediatric population and pregnant women.
Some of the major factors driving the growth of computational biology market are
growing number of clinical studies in pharmacokinetics and pharmacogenomics for
drug discovery & development, an upsurge of drug designing, personalized
medicine, and disease modeling. Furthermore, growing demand for predictive
models and increasing funding from governments and private organizations for
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