Computational Biology Market Size To Exceed $4,285.1 Million By 2020: Grand View Research, Inc.4/24/2018 The Global computational biology market is expected to reach USD 4,285.1 million by 2020 growing at a CAGR of 21.1%, according to a new study by Grand View Research, Inc. Steady increase in the usage & application of computational biology for bioinformatics R&D programs designed for sequencing genomes to better understand biological systems and increasing number of clinical studies in pharmacogenomics and pharmacokinetics for novel drug discovery studies are expected to drive computational biology demand over the next six years.
Computational genomics for cellular and biological simulation applications dominated the market in 2013, accounting for over 47% of global revenue. Key factors driving demand for these applications include the growth of drug designing, disease modeling and personalized medicine applications and the growing usage of computational biology for functional and structural genomics, epigenomics and metagenomics for the analysis of protein transcription, protein-protein interactions, gene sequencing and expression and 3-dimensional protein structure analysis. Full Research Report On Global Computational Biology Market By Grand View Research: www.grandviewresearch.com/industry-analysis/computational-biology-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/healthcare-it Grand View Research has segmented the computational biology market on the basis of applications, tools, services, end users and region: Computational Biology Application Outlook
www.grandviewresearch.com/press-release/global-computational-biology-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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