According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com),"Computational Biology (Pharmacodynamics, Cellular Modeling, Computational Genomics, Proteomics, Pharmacogenomics, Pharmacokinetics, Human Simulation Software, Drug Discovery & Development) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," in 2011, the global computational biology market was valued at USD 760 million and is expected to grow at a CAGR of 21.3% from 2012 to 2018 to reach an estimated value of USD 2,937.3 million by 2018.
Computational biology uses sequencing, databases and supercomputers for analysis and algorithm formation to predict the molecules that can be taken for drug identification and lead optimization. Setbacks in drug discovery with absence of potential blockbusters in the market coupled with cost containment issues faced by major drug manufacturers has compelled the major players to shift their focus to newer methods of drug discovery in order to help accelerate the drug development process and bring down R&D expenditure.
The drug discovery market is the fastest growing segment and is anticipated to grow at a CAGR of more than 25% from 2012 to 2018. The use of computational biology for drug discovery now offers manufacturers a method to reduce R&D expenditure and to reduce chances of late stage failure of drug candidates. Computational software and simulation tools are being used in various stages of drug discovery to minimize the future risks of drug failure in later stages of drug development.
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Computational biology market
1. REPORT DESCRIPTION
Computational Biology Market Is Expected to Reach USD 2,937.3 Million
Globally in 2018: Transparency Market Research
According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com),"Computational Biology
(Pharmacodynamics, Cellular Modeling, Computational Genomics, Proteomics,
Pharmacogenomics, Pharmacokinetics, Human Simulation Software, Drug
Discovery & Development) - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2012 - 2018," in 2011, the global computational biology market was
valued at USD 760 million and is expected to grow at a CAGR of 21.3% from 2012 to 2018
to reach an estimated value of USD 2,937.3 million by 2018.
Computational biology uses sequencing, databases and supercomputers for analysis and
algorithm formation to predict the molecules that can be taken for drug identification and
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2. lead optimization. Setbacks in drug discovery with absence of potential blockbusters in the
market coupled with cost containment issues faced by major drug manufacturers has
compelled the major players to shift their focus to newer methods of drug discovery in order
to help accelerate the drug development process and bring down R&D expenditure.
The drug discovery market is the fastest growing segment and is anticipated to grow at a
CAGR of more than 25% from 2012 to 2018. The use of computational biology for drug
discovery now offers manufacturers a method to reduce R&D expenditure and to reduce
chances of late stage failure of drug candidates. Computational software and simulation
tools are being used in various stages of drug discovery to minimize the future risks of drug
failure in later stages of drug development.
Geographically, North America constituted the largest market in the year 2011. This has
been partly due to an encouraging environment for this field created by the US FDA and
intense R&D efforts in this region by major pharmaceutical players. The U.S. Federal
Government has been supportive through provision of funds for R&D; additionally, academic
centres use modelling and simulation for drug discovery. However, Asia is expected to be
the fastest growing region due to the emergence of many small regional players as well as
lower operating costs as compared to the developed markets.
The global computational biology market is predominantly ruled by major players namely
Schrödinger, Accelrys, Certara, Compugen, Simulation Plus, Entelos and others. The market
is oligopolistic and these major players account for almost 80% of the market share.
The global computational biology market is segmented as follows:
Computational Biology Market, by Types
o Cellular & Biological Simulation
o Computational Genomics
o Computational Proteomics
o Pharmacogenomics
o Others (Transcriptomics/ Metabolomics)
o Disease Modeling and Simulation
o Drug Discovery
Target Identification
Target Validation
3. Lead Discovery
Lead Optimization
o Drug Development
o Preclinical
Pharmacokinetics
Pharmacodynamics
o Clinical trials
Phase I
Phase II
Phase III
o Human Body Simulation Software
Computational Biology Market, by Services
o In-House
o Contract
Computational Biology Market, by End Users
o Academics
o Industry/ Commercial Players
Computational Biology Market, by Geography
o North America
o Europe
o Asia
o Rest of the World (RoW)
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