Cheminformatics Market to Be Dominated by Advancements in Drug Development Through 2027
Increasing demand for
personalized medicines and advancements in new drug developments are expected
to drive the demand for the global cheminformatics market in the forecast
period.
According to TechSci Research report, “Cheminformatics Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global cheminformatics market is anticipated to
observe an impressive growth for the forecast period, 2023-2027. The major
factors include increasing awareness of personalized medicine combined with
unsustainable liability of chronic disease propel the growth of cheminformatics
market globally. Moreover, due to the awareness of personalized drugs among
people, the demand of these stratified medicines has made a positive influence
on the cheminformatics market. Furthermore, the other factors which impel the
growth of the market are investments in research and development projects to
validate potential drug candidates and effectively operate data generated in
the course of molecular and atomic reactions. Also, the advancements in the new
drug discovery process are a contributing factor for the growth of the market
as it helps to design drugs which help to advance public health and care.
However, the use of
expensive software for cheminformatics is a major concern as it might hamper
the growth of the market.
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data Figures spread through 110 Pages and an in-depth TOC on "Cheminformatics Market"
The global cheminformatics market
is segmented into application, end user, company, and region. Based on application, the market is
divided into chemical analysis, drug discovery and validation, virtual
screening, and others. Based on end user, the market is divided into chemical
& pharmaceutical companies, academic & research institutions, and others.
Based on application, the
market is divided into chemical analysis, drug discovery and validation,
virtual screening, and others.
Drug discovery category is expected to account for significant share in the
upcoming years as investments on research and developments projects are
increasing and also because of the low success rate of potential leads such as
drug molecules.
Based on end use, the market is divided into chemical &
pharmaceutical companies, academic & research institutions, and others.
Chemical & pharmaceutical companies is predicted
to led the market as various research is done to design a new drug. Also, in chemical and
pharmaceutical companies, visualization and analysis of the chemical data is
very crucial which is handled by cheminformatics.
Major operating companies operating in global cheminformatics
market are:
- Agilent
Technologies Inc.
- Bio-Rad
Laboratories Inc.
- PerkinElmer NC.
- Accelrys Software
Inc.
- Chemical Computing
Group, Inc.
- Certara, L.P.
- Advanced Chemistry
Development, Inc. (ACD/Labs)
- BioSolveIT GmbH
- BIOVIA (Dassault
Systèmes)
- ChemAxon Inc.
- Eurofins CEREP SA
(Eurofins Panlabs Inc.)
- Jubilant Biosys
Inc.
- Molecular Discovery
Ltd.
- OpenEye Scientific
Software Inc.
- Schrödinger Inc
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“The Asia-pacific region dominated the
market in 2021 and is predicted to maintain its dominance in the upcoming years
due to the awareness
of precision medicines and increase in
patients suffering from chronic diseases. Asia-pacific
is one of the fastest growing cheminformatics markets in the world as large
multinational companies are establishing their business due to labor wages, low
manufacturing and favorable conditions for manufacturing. Moreover, the nation
in the Asia-pacific are determinedly investing in the research and
development (R&D) projects due to which the cheminformatics market
is projected to grow through 2026 “said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Cheminformatics Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented
By Application (Chemical Analysis, Drug Discovery and Validation, Virtual
Screening, Others), By End User (Chemical & Pharmaceutical Companies,
Academic & Research Institutions, Others), By Company, and By Region”, has evaluated the future growth
potential of cheminformatics market 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
cheminformatics market.
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