Molecular Modeling Market Overview
According to the research by MRFR, the global molecular modeling market is anticipated to attain a size of over USD 1,617.80 million while registering a healthy CAGR of approximately 15.93% by the end of 2027.
Molecular modeling refers to a technique used for drug designing. The global molecular modeling market has been witnessing enormous growth in recent times. The market’s growth is being driven by the growing prevalence of chronic diseases, increasing investments in R&D by pharmaceutical and biotechnology companies, technological advancements in drug design, and the rise in drug development. However, the growth of the molecular modeling market is anticipated to be hampered by the lack of skilled healthcare professionals and the high cost of molecular modeling software.
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The global market for molecular modeling is divided into several segments based on product, application, end-user, and region.
Based on product, the molecular modeling market is divided into software and services.
By application, the global market is bifurcated into drug discovery, drug development, and others.
The market is split into academic and research centers, biotechnology & pharmaceutical companies, and others based on end-user.
The global market for molecular modeling is divided into several regions, including the Americas, Asia-Pacific, Europe, and the Middle East &Africa.
The Americas regional market for molecular modeling is projected to secure the top position in the market globally. In 2020, the regional market will dominate globally with a maximum market share of over 40%. The dominance of the regional market is attributed to the growing adoption of products, prominent research institutes and academic organizations, and growing investments in the development of new techniques.
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The Asia-Pacific regional molecular modeling market is likely to register the highest growth rate over the review timeframe from 2021 to 2027. The regional market performance is attributed to improving healthcare infrastructure, low production cost, an increasing number of contract research organizations, a growing number of research institutes, an increase in clinical trials, availability of a skilled workforce, and increasing disposable income.
The European regional market will contribute a share of over USD 173.29 million in 2020 and is projected to display a CAGR of over 15.70% during the assessment era. The market’s growth is being driven by the increasing number of clinical trials and the rise in research funding.
The Middle East &African regional molecular modeling market is expected to show steady growth over the forecasted era. The regional market’s growth is being propelled by the increasing online retailing for purchasing medicine and the gradual rise in the monetary status.
The global molecular modeling market has a strong and competitive landscape, with many players strengthening the competition worldwide. The players in the market are making huge investments in research and developments activities to introduce new techniques and products in the market. The list of prominent leaders in the molecular modeling market includes Certara, L.P (US), Dassault Systèmes (France), Chemical Computing Group (Canada), BioSolveIT GmbH (Germany), Optibrium (UK), Simulations Plus, Inc (US), Schrödinger, LLC (US), Acellera Ltd (London), OpenEye Scientific Software (US), Cresset (UK), Cambridge Crystallographic Data Centre (England), and several others.
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April 2021- Accelera Ltd (US) announced the launch of the latest model of Acellera’s molecular dynamics simulation software, ACEMD. This latest model fetches support to new NVIDIA GPUs, counting the Ampere architecture along with performance improvements.
February 2021- Simulation Plus (US) disclosed GastroPlus’s Version 9.8.1. The new version added numerous vital capabilities, including enhancements to population simulations, drug-drug interactions, PBPK models, absorption, and dissolution.
January 2021- Cresset (UK) introduced the latest version for Cresset workflow components, version V2.6, for the Pipeline Pilot environments and the KNIME for all desktop solutions. Spark components have been improved with the presence of the latest’ docking’ feature in this version.
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