The global computational biology market is experiencing significant growth, thanks to the availability of enhanced computational tools and their widespread application in various fields, including pharmacogenomics, drug discovery, biological simulation, disease modeling, preclinical drug development, and body simulation software. These cutting-edge tools play a crucial role in designing primers for polymerase chain reactions (PCR) and translating DNA sequences into amino acid sequences, providing detailed information about gene structure and encoded messages. This, in turn, enhances the efficiency of drug design and development by identifying functionally vital protein sequences from genomic databases.
Cellular and Biological Simulation Boosts Computational Biology Market Valuation
One of the key drivers of market growth is the increasing application of computational biology in cellular and biological simulations. These simulations are instrumental in deciphering the physiological and biological functions of cells, contributing to advancements in personalized medicine. Companies like Hewlett Packard are leveraging high-performance computing to enhance patient diagnosis and healthcare delivery, underscoring the growing importance of computational biology in this sector.
North America Leads the Way, Europe Follows Suit
Geographically, North America maintains its dominance in the computational biology market, driven by rapid technological growth in biology and pharmaceuticals. The regions robust IT sector, coupled with a favorable business environment, has fostered the emergence of startups engaged in drug development and discovery using modern techniques. Additionally, synthetic biology, an emerging discipline that reprograms and controls biological systems, has gained significant traction in the United States. Government investments in computational biology further propel growth in North America.
In Europe, adoption of computational biology is on the rise, supported by government investments in research and collaborations between academic institutions and government bodies. For example, Switzerland is increasing investments in systems biology and has established the WHO Biohub Facility, a vital center for the storage, preparation, and sequencing of biological material. The Horizon 2020 program, funded by the European Commission, is removing barriers to innovation and promoting collaboration between the private and public sectors, further fostering growth in computational biology.
Competitive Landscape
Leading biotechnology companies are leveraging computational biology to discover new peptide therapeutics for various medical indications. For example, Peptilogics used computational biology to advance its PLG0206, a potential treatment for Prosthetic Joint Infections (PJI), through clinical trials. AsclepiX Therapeutics Inc. is also utilizing computational biology to develop peptide regulators for treating oncologic and retinal diseases, with phase 1/2a clinical trials underway for AXT107 in individuals with Diabetic Macular Edema (DME).
Key players in the computational biology market include Dassault Systemes SE, Compugen Ltd., Genedata AG, Chemical Computing Group ULC, Instem PLC, Rhenovia Pharma SAS, and Accelrys.
As technology continues to advance and computational tools become increasingly sophisticated, the computational biology market is poised for sustained growth across various sectors, revolutionizing the way we approach drug discovery, disease modeling, and personalized medicine.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/computational-biology-market
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This press release first seen on Brilad
COMTEX_442108600/2840/2023-10-19T04:37:35
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