Computational Biology Market Size

Computational Biology Market size was over USD 7.91 Billion in 2023 and is projected to cross USD 83.76 Billion by the end of 2036, witnessing more than 19.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of computational biology is estimated at USD 9.33 Billion. The growth of the market can be attributed to the increasing use of computational approaches in the biological sciences to determine experimental data including genetic sequences, cell count, and protein sample detection for the discovery of new solutions in biology. The growing application of analytical methods, simulation technology, and mathematical modeling with computational models helps to discover new genomics and protein structures, propelling the market growth.

In addition to these, the rising need to prove many theoretical explanations in real-time applications is expected to drive the computational biology market growth. Increasing demand for bioinformatics, and growing clinical studies in the field of pharmacokinetics and pharmacogenomics with growing disease modeling. Further, escalating experiments to find the origin of the virus, host, and the virus evolution is driving the market demand.