SAN FRANCISCO, June 23, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Computational Biology – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 9; Released: January 2022
Executive Pool: 373
Companies: 11 – Players covered include Certara LP; Chemical Computing Group ULC; Compugen Ltd.; Dassault Systemes; Genedata AG; Insilico Biotechnology AG; Leadscope, Inc.; Nimbus Therapeutics; Rosa & Co. LLC; Schrodinger LLC; Simulations Plus, Inc.; Strand Life Sciences Pvt., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application Area (Cellular & Biological Simulation, Drug Discovery and Disease Modelling, Preclinical Drug Development, Clinical Trials, Human Body Simulation Software); End-Use (Academics, Industry, Commercial); Service (In-House Services, Contract Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Computational Biology Market to Reach $7.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Computational Biology estimated at US$2.7 Billion, is projected to reach a revised size of US$7.8 Billion by 2026, growing at a CAGR of 19.2% over the analysis period. Cellular & Biological Simulation, one of the segments analyzed in the report, is projected to record a 18.1% CAGR and reach US$2.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Drug Discovery & Disease Modelling segment is readjusted to a revised 18.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $973.1 Million in 2021, While China is Forecast to Reach $1.4 Billion by 2026
The Computational Biology market in the U.S. is estimated at US$973.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2026 trailing a CAGR of 18.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.6% and 16.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14% CAGR.
Preclinical Drug Development Segment to Reach US$670.9 Million by the year 2026
In the global Preclinical Drug Development segment, USA, Canada, Japan, China and Europe will drive the 23.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$149.5 Million will reach a projected size of US$650.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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