Bioinformatics & Systems Biology

Systems Biology

Systems biology has embraced computational modeling in response to the quantitative nature and increasing scale of contemporary datasets. The future of systems biology lies not only in improved methods to study sequence information but also in the development of entirely new approaches to the numerical analysis of proteins, cells and organisms. The global market for computational biology 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. North America was the largest regional market, accounting for 58.0% of the global revenue in 2013. Its large share is majorly attributed to the growing research investments and initiatives for development of drug discovery.