Computational Biology Market by Technology and Application to Exhibit 21.30% CAGR by 2018
The benefit of computational biology in using highly complex biological data to discover and gain a clear understanding of medical phenomena, significantly eliminating the need for human candidates to test drugs in developmental stage will boost the demand for these solutions globally. Transparency Market Research (TMR) states that the market will exhibit a remarkable double digit CAGR over the next few years and rise to a valuation of US$2.9 bn by 2018.
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