North American Market Forecast
North America region is anticipated to gain the largest computational biology market share till 2036, due to the growing R&D activities, coupled with the high investment in research activities.
The growing foothold of the United States in synthetic biology is predicted to promote lucrative opportunities for the market expansion. The advancement of the region in the application of machine learning tools and analytical tools will further influence the market growth.
APAC Market Statistics
Asia Pacific computational biology market is expected to witness substantial demand through 2036. The increasing presence of contract research organizations in the region that reduce the cost of drug development for many pharmaceutical industries will propel the market revenue.
The Asian market is popular for the manufacturing of generic drugs and biosimilars which is much essential to decrease healthcare expenditure and is set to drive the use of computational biology in the region.
Author Credits: Radhika Pawar
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