Latin America Digital Biology Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Healthcare

The global Latin America Digital Biology market size is expected to be worth around US$ 768.10 million by 2028, according to a new report by Vision Research Reports.

The global Latin America Digital Biology market size was valued at US$ 273.01 million in 2020 and is anticipated to grow at a CAGR of 13.10% during forecast period 2021 to 2028.

Growth Factors

Growing R&D costs and clinical trial failure rates have driven the demand for computational biology-based solutions.

As a result, digital biology is now being widely used by biotechnology and pharmaceutical companies as a cost-effective and statistical tool. The ability of this field to provide simulation models is also expected to help minimize the need for human trials, especially in cases of pediatric and orphan diseases and diseases involving pregnant women. The advent of artificial intelligence and cloud computing technologies have enhanced the utility of computational biology.

Efforts taken by international societies, such as SoIBio, to promote advancements in the computational biology field are expected to propel the market. SoIBio is a scientific society that promotes R&D in computational biology and bioinformatics in Ibero-America. Furthermore, the introduction of bioinformatics networks to bridge the gap between healthcare and biological informatics services, such as LACBioNet, is expected to contribute to market growth.

Report Highlights

Cellular and biological simulation dominated the overall market in 2020 with a revenue share of over 40%. Computational cell modeling and biology can help decipher the biological and physiological functions of cells. Cellular models can provide information on gene expression, calcium signaling, cell dynamics, mitochondrial functions, and cell motility.

Increasing demand for personalized medicine is expected to propel the demand for advanced tools, which are used to gain a complete understanding of genetic structures and functions. Computational simulation techniques provide details on dynamics and mechanisms of cell functioning, such as physiological behavior of cells; interaction between genes, proteins, & metabolites; and molecular functioning.

Digital biology solutions are finding use across several applications in bioinformatics and genomics in the Latin American countries, especially across Mexico and Brazil. Regulatory authorities, large-scale research organizations, and professionals are actively participating in collaborative research studies based on digital biology tools. Digital biology tools are gaining significant traction across cellular simulation-based research studies in Mexico.

Databases dominated the 2020 market with a revenue share of over 30% in 2020. Kits and reagents form an essential part of any genomic study. Databases are in demand as large amounts of clinical and biological data are being generated during the development of advanced sequencing technologies, such as next-generation sequencing.

Programs such as The Encyclopedia of DNA Elements (ENCODE) and The Cancer Genome Atlas (TCGA) have led to the generation of a large number of datasets. TCGA comprises measurements about somatic mutations, copy number variation, mRNA expression, miRNA expression, protein expression, and histology slides for around 7,000 human tumors.

Contract services occupied the largest share of 51.40% in 2020. Computational biology tools are in high demand within the biopharma and life sciences companies due to their need for streamlining R&D processes and reduce timelines & costs associated with drug discovery and development.

The use of information technology for the simulation of living systems is challenging due to functional, structural, and regulatory processes being highly complex within a living system. Therefore, most biopharma manufacturers prefer outsourcing computational biology services to experts.

Outsourcing is an ideal choice for companies involved in wet-lab experiments and those not having expertise in modern computational biology. Thus, outsourced providers for computational biology services employ highly qualified staff within an industry that faces a shortage of skilled professionals. Therefore, pharmaceutical and healthcare corporations find it cost-effective to outsource services to a company that is already equipped with systems and has experience in handling challenges in this field.

Academics and research generated the largest revenue share of around 62% in 2020. Biomedical informatics and computational biology program is the vanguard of computational biology, which is offered by many universities and research laboratories and is funded by the government and government research organizations. Computational biology is popular in academic institutions owing to many opportunities.

The commercial/industrial segment is expected to expand at the fastest CAGR during the forecast period, owing to factors such as the drying pipeline of drugs, high demand for innovative drugs, and late-stage trial failures. Key players focus on developing computational approaches for modeling complete biological pathways related to any disease.

These approaches have a high potential for drug discovery, building molecular network models for disorders, and mining patient records and biomedical literature to drive the discovery of novel drug targets. Several pharmaceutical companies are adopting computational tools to reduce drug development timelines and enhance drug discovery pipelines.

Brazil dominated the market with a share of 19.56% in 2020. An increase in economic activity has accelerated investments in Brazil’s research industry. Favorable government funding policies are supporting R&D efforts in the digital biology market. Owing to these factors, the digital biology market in the country is anticipated to witness considerable growth in the coming years.

DUNA Bioinformatics is a Brazil-based company operating in computational biology. The company offers several tools to serve different areas of bioinformatics. For instance, it provides services for computational analysis of metagenome, genome, and transcriptome, along with consultancy services and software development. The growing level of participation by local companies in developing novel biotechnology solutions from Brazil has contributed to its dominance throughout the forecast period.

Key Players

  • DUNA Bioinformatics

  • Precigen (Intrexon Corporation)

  • Dassault Systèmes

  • Genedata AG

  • Simulations Plus, Inc.

Market Segmentation

  • Application Outlook

    • Cellular & Biological Simulation

      • Computational Genomics

        • Databases

        • Infrastructure/Hardware

        • Software & Services

      • Computational Proteomics

        • Databases

        • Infrastructure/Hardware

        • Software & Services

      • Pharmacogenomics

        • Databases

        • Infrastructure/Hardware

        • Software & Services

      • Transcriptomics and Metabolomics

        • Databases

        • Infrastructure/Hardware

        • Software & Services

    • Drug Discovery & Disease Modelling

      • Target Identification

        • Databases

        • Infrastructure/Hardware

        • Software & Services

      • Target Validation

        • Databases

        • Infrastructure/Hardware

        • Software & Services

      • Lead Discovery

        • Databases

        • Infrastructure/Hardware

        • Software & Services

      • Lead Optimization

        • Databases

        • Infrastructure/Hardware

        • Software & Services

    • Preclinical Drug Development

      • Pharmacokinetics

        • Databases

        • Infrastructure/Hardware

        • Software & Services

      • Pharmacodynamics

        • Databases

        • Infrastructure/Hardware

        • Software & Services

    • Clinical trials

      • Phase I

      • Phase II

      • Phase III

    • Human Body Simulation Software

  • Tools Outlook 

    • Databases

    • Infrastructure/Hardware

    • Software & Services

  • Services Outlook

    • In-house

    • Contract

  • End-use Outlook

    • Academics & Research

    • Industrial

  • Regional Outlook
    • Brazil

    • Mexico

    • Argentina

    • Chile

    • Colombia

    • Cuba

    • Uruguay

    • Peru

    • Venezuela

    • Costa Rica

    • Ecuador

    • Panama

    • Guatemala

    • Dominican Republic (República Dominicana)

The Latin America Digital Biology market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Latin America Digital Biology market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Latin America Digital Biology market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Latin America Digital Biology market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Latin America Digital Biology market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Latin America Digital Biology capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Latin America Digital Biology by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Latin America Digital Biology market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Latin America Digital Biology market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Latin America Digital Biology market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Latin America Digital Biology industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Latin America Digital Biology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Latin America Digital Biology market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Latin America Digital Biology market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Latin America Digital Biology market. These factors have benefited the growth of the global market for Latin America Digital Biology. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Latin America Digital Biology. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Latin America Digital Biology are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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