Albany,NY (PRWEB) September 26, 2014 In its latest market research report published recently, Transparency Market Research, a U.S.-based market intelligence firm states that the global computational biology market is estimated to be worth US$2937.3 million by 2018. The report, titled Computational Biology (Pharmacodynamics, Cellular Modeling, Computational Genomics, Proteomics, Pharmacogenomics, Pharmacokinetics, Human Simulation Software, Drug Discovery & Development) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018, is available for sale on the companys website. The report states that the global computational biology market that was valued at $ 760.2 million in the year 2011 will show a compounded annual growth rate (CAGR) of 21.3% to expand into a $2937.3 million market by 2018. According to this report, the market for computational biology is driven by its extensive use in biotechnology and Pharma companies to decrease the frequency of the late stage drug failures in order to minimize the expenditure incurred on R&D. Browse Full Report : http://www.transparencymarketresearch.com/computational-biology.html Computational biology refers to using the combination of biology and computers for drug breakthroughs and their subsequent development. This entails creating simulation and modeling models for Pharmacodynamics and pharmacokinetics. Earlier, many biotech pharmaceutical firms had suffered immense financial … Continue reading
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