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Computational Biology Market Expected To Reach US$ 12.2 Bn By 2026

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

The area of computational biology is concerned with the use of computer systems for addressing problems associated with molecular and evolutionary biology. Computational biology is also referred to as bioinformatics and is engaged in development of algorithms for simulations and building models for understanding biological aspects in life-science.

Although the global computational biology market is currently at its introductory stage, the market shall witness significant opportunities and considerable rivalries among the players. The need for significant capital investments shall restrain the entry of new market players. On the positive side, favorable government initiatives across the developed markets and Asia Pacific promoting research in genomics and proteomics, neurology and drug discovery are driving the global computational biology market. Heavy investment by major IT companies is also a characteristic feature of this market. Intensive research has led to generation of significant amounts of databases, and need for the same is visibly emergent in computational biology. Conversely, requirement of specialized workforce for operational efficiency also challenges the global market growth. Additionally, lack of standardization of such large amount of data is inhibiting the market progress to a certain extent. Compatibility of required tools to the basic applications and need for one size fits all tools model is also a challenge faced in the market. Other market restraints include need for optimum solution for data storage, requirement for specialized workforce and constant updating of databases and software. However, with further evolution of market towards growth stage, such small challenges are expected to diminish. Issues pertaining to data storage can be potentially addressed with cloud computing, as cloud computing has the desired scalability and flexibility to store such copious amount of data generated every day.

Disease modelling and drug discovery is anticipated to be the largest segment in the computational biology market. The segment will also progress at a rapid pace during the forecast period from 2018 to 2026. The urgent need in the market for reducing the lead-time in drug commercialization while simultaneously reducing the incurred cost has gathered interest of drug developers into computational biology. Geographically, North America is the largest market in terms of revenue. The dominance of the U.S. market is evident through copious amounts of funding from biotechnology and pharmaceutical giants in the adoption of computational biology, and domicile of major market players. On the other hand, Asia Pacific will progress at the fastest growth rate during the forecast period. Proliferated front of contract research organizations in the region mainly contributes to the rapid growth of Asia Pacific market.

The global computational biology market is characterized by intense completion among the existing market players. Market consolidation is an evident feature in this market and a limited number of players occupy the largest revenue share. Mergers and acquisitions are typically observed in this market. Some of the major players operating in the global computational biology market are Rhenovia Pharma SAS, Chemical Computing Group Inc., Compugen, Ltd., Accelrys, Insilico Biotechnology AG, Nimbus Discovery LLC, Entelos, Simulation Plus, Inc., Genedata AG, Leadscope, Inc., and Certara.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Computational Biology contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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