Molecular Modelling Market Research Report: by Product (Software and Services), by Application (Drug Development, Drug Discovery, and Others), by End-user (Pharmaceutical & Biotechnology Companies, Research & Academic Centers) – Global Forecast Till 2027
Molecular Modelling Market- Overview
Molecular modeling refers to all theoretical and computational methods for simulating or modeling the dynamics of molecules. It aids in describing the synthesis or manipulation of molecules and their three-dimensional structures and physic-chemical properties. The approaches are used to explore molecular systems ranging from small chemical systems to massive biological molecules and matter assemblies in computational chemistry, drug design, computational biology, and materials science. The global molecular modeling market is expected to grow at a CAGR of 15.16% from the forecast period of 2018 till 2023.
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Factors such as the increasing drug development, technological advances in drug design, and growing research and development investment by pharmaceutical and biotechnology businesses are propelling the worldwide molecular modeling market forward. Furthermore, the rising prevalence of chronic diseases presents a profitable business opportunity.
The COVID-19 pandemic has had a substantial positive impact on the molecular modeling market. Molecular analysis was carried out during the outbreak to uncover prospective therapies among the natural and synthetic drugs available. Computer simulations and relevant data have already been shown to play an important role in drug research and drug development. Molecular modeling, molecular dynamics, and docking methods were used to evaluate antiviral medicines, phytochemicals, anti-inflammatory compounds, and other pharmaceuticals against COVID-19. The studies indicate that such medications have promising benefits that should be investigated further in both preclinical and clinical studies. Many large corporations have formed strategic alliances. This has enabled them to increase their research and development spending. As a result, they have been able to develop a new generation of more effective and stronger medications. These medications are manufactured in accordance with strict national and international regulations.
Segmental Analysis
The global molecular modeling market segmentation is done based on product, application, and region. On the basis of product, the market is segmented into two different kinds of software products, software, and services. On the basis of application, the market is segmented into drug discovery and drug development. It can be divided further into direct drug design, molecular mimicry, and indirect drug design. On the basis of region, there are four major segments; America, European Union, Asia Pacific, Middle East, and North Africa.
Detailed Regional Analysis
In 2015, the molecular modeling market was dominated by the North American region. Given that the majority of large pharma and biotech companies are based in either America or Canada, this is projected to continue until at least 2027. By 2020, the area had indeed led the worldwide molecular modeling business, accounting for over 40% of it.
Throughout the forecasted time period, the Asia-Pacific region is expected to have the greatest CAGR of all regions in the world. The advent of contract research organizations has aided this (especially in countries like India and Singapore). Governments in Asia-Pacific are likewise becoming significantly affluent. They have been able to spend more on healthcare as a result of this. They’re financing a lot more initiatives that use molecular modeling software, and the outcomes are fantastic. This region’s biotech and pharmaceutical industries can develop a new generation of stronger and more effective pharmaceuticals while having fewer negative effects.
Europe accounted for USD 173.29 million in 2020, with a projected CAGR of 15.70% during the forecasted timeframe. The market’s growth is attributed to an increase in research funding and the number of clinical trials related to theoretical approaches and computational techniques used to model or recreate the behavior of molecules. From investigating molecular systems ranging from simple chemical systems to massive biological molecules and material assemblies, the region is experiencing a surge in methodologies utilized in drug design, computational biology and chemistry, and materials science.
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Competitive Landscape
The key players in the molecular modeling market are Cresset Acellera, Ltd., Optibrium – United Kingdom, Schrodinger LLC – Germany, Biosolve-IT – Germany, Chemical computing group – Canada, Simulations Plus, Inc – USA, Centera, LP, Dassault Systems – USA, and Cambridge Crystallographic Data Centre – UK.
Industry Update
In April 2021, Constantine Kreatsoulas, PhD was named Vice President, Research Informatics and Computational Chemistry at Circle Pharma.
In January 2021, Molecular Dynamics Simulation Services for Drug R&D Projects Have Been Launched by ComputaBio.
Table Of Contents
1 Report Prologue
2 Market Introduction
2.1 Definition 15
2.2 Scope Of The Study 15
2.3 List Of Assumptions 16
2.4 Market Structure 17
3 Research Methodology
3.1 Research Process 19
3.2 Primary Research 20
3.3 Secondary Research 21
3.4 Market Size Estimation 21
3.5 Forecast Model 22
4 Market Dynamics
4.1 Introduction 24
4.2 Drivers 24
4.2.1 Increasing Prevalence Of Various Chronic Diseases Leading To Drug Development 24
4.2.2 Technological Advancements In Drug Design 24
4.2.3 Increasing Investments In Research & Development By Pharmaceutical And Biotechnology Companies 24
4.3 Restraints 25
4.3.1 Higher Cost Of Molecular Modelling Software 25
4.3.2 Lack Of Skilled Healthcare IT Professionals In Low And Middle-Income Economies 25
4.4 Opportunities 25
4.4.1 Introduction Of Molecular Modelling Software And Services In Developing Economies 25
5 Market Factor Analysis
5.1 Porter’s Five Forces Model 27
5.1.1 Threat Of New Entrants 28
5.1.2 Bargaining Power Of Suppliers 28
5.1.3 Bargaining Power Of Buyers 28
5.1.4 Threat Of Substitutes 28
5.1.5 Intensity Of Rivalry 28
Continued…
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