Structural Bioinformatics Market To Grow With an Impressive CAGR During The Forecast Period
Global Structural bioinformatics Market is driven by expanding
healthcare industry in the forecast period, 2023-2027.
According
to TechSci Research report, “Structural Bioinformatics Market - Global Industry Size,
Share, Trends, Opportunity and Forecast, 2017-2027”, The
global structural bioinformatics market may show a robust growth in the
forecast years, 2023-2027 with an anticipated CAGR value. The market growth can
be attributed to the factors like increased demand for protein analysis,
structure-function of protein analysis, nucleotide structure studies, etc.
Increasing dependency over various bioinformatics tools and techniques for the
collected data from the structural macromolecule analysis is further driving
the growth of the global structural bioinformatics market in the upcoming five
years. Application of structural bioinformatics for all sorts of biotechnology
procedures and analysis is also responsible for the future growth of the global
structural bioinformatics market in the next five years. Collection of
informative, and analytical data is huge & increasing, and demand for
storage of all that data may further aid the growth of the global structural
bioinformatics market in the future five years. Requirement for genetic
medicine, precision medicine, drug discovery, drug designing, increasing drug
production, protein structural manipulations for various genetic engineering
processes is also some of the major factors driving the growth of the global
structural bioinformatics market in the forecast years, until 2027.
Increasing
investment from the government, authoritative bodies, private fundings, and
foreign direct investments also support the growth of the global structural
bioinformatics market in the forecast period, by promoting further research and
technological advancements.
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The
global structural bioinformatics market segmentation is based on products &
services, macromolecule, application, end user regional distribution, and
competitive landscape. Based on product & services, the market is
bifurcated into tools, platforms, and databases & software. Tools are
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years on the account of rapidly increasing
demand for the bioinformatics tools & techniques for the increased studies
and analysis of the macromolecules like DNA, RNA, and proteins. Tools like MACiE,
PDBsum, PoreLogo, PoreWalker, among others help in understanding annotated enzyme
reaction mechanism, structural analysis, visualization of sequence, detection
and characterization of transmembrane protein channels, respectively. Databases
& software are also expected to register significant growth in the next
five years due to increasing demand for detail oriented databases, and software
services. PDB, MMDB, SCOP, CATH, SWISS PROT, etc. are some of the databases
that are actively utilized for the collected information storage regarding
macromolecules structure.
Market
segmentation based on macromolecule is fragmented into proteins, RNA, and DNA. Proteins
are anticipated to dominate the market segment with largest hold over the
revenue shares in the upcoming five years on the grounds of increasing analysis
of protein structure and their functional changes based on structure
differences. Moreover, rising demand for the protein sequencing, antibody
initiation based on structural differences are also driving the growth of the
global structural bioinformatics market in the next five years. RNA is also
expected to register fastest growing market sub-segment in the future five
years on the grounds of recent pandemic situation. COVID-19 pandemic increased
viral RNA analysis to understand its functions and its affects on the pulmonary
system in humans. Drug discovery and further treatment analysis also
substantiated the growth of the segment along with the global structural
bioinformatics market growth in the forecast years.
The
application segment of the market is differentiated into drug discovery, X-ray
crystallography, NMR spectroscopy, and others. Drug discovery applications are
anticipated to dominate the market segment in the next five years and hold the
largest revenue shares of the market on account of increasing demand for
personalized medicine, genetic medicine, and precision medicines. Moreover,
expanding pharmaceutical industry and surging demand for effective medical
treatment for chronic and infectious diseases is further aiding the growth of
the segment along with the market growth in the upcoming five years. X-ray
crystallography is the most widely used to determine the 3D structure of the
protein molecules. The complexity of the protein and protein folding requires
detailed analysis, and thus, x-ray crystallography is the most advantageous
process, thus driving the growth of the global structural bioinformatics market
in the future five years.
Some
of the market players, dominating the global market are :
- GeneFormatics Inc.
- Creative Proteomics
- ProteinQure Inc.
- DeepMind Technologies (Alphabet, Inc)
- Illumina, Inc.
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“Europe & CIS region is anticipated
to register the fastest growth of the structural bioinformatics market in the
upcoming five years, growing on the backbone of increased research over
COVID-19 virus and its impact. In the United Kingdom, the government allied
COVID-19 Genomics UK Consortium (COG-UK), such that detailed analysis of the
SARS-CoV-2 could be conducted to understand its impact on human lives. With
approximately EUR20 million investment, the genome study and drug discovery
were conducted. Similar healthcare investments and consistent research are
majorly responsible for the growth in the region in the next five years,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Structural Bioinformatics
Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Product
& Services (Tools, Platforms, Databases & Software), By Macromolecule
(Proteins, RNA, DNA), By Application (Drug Discovery, X-ray Crystallography,
NMR Spectroscopy, Others), By End User (Institutional Research v/s Industrial
Research), By Region”, has evaluated the future
growth potential of global structural bioinformatics and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global structural bioinformatics market.
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