The increasing prevalence of various chronic diseases significantly boosts the demand for therapeutics which increase the discovery of the new drugs in the market. This rise in drug development activities, increase in the industry funding, and strategic alliances among the industry players are some of the factors contributing to the growth of the market. For example, Optibrium, a developer of software for drug discovery, today announced a collaboration with MSD tradename of Merck & Co., Inc, Kenilworth NJ USA. As part of the collaboration, MSD has adopted Optibrium’s StarDrop software as a central component of their cheminformatics infrastructure. Additionally, the shift to effective management of data collected during molecular and atomic reactions is expected to increase market demand for chemoinformatics over the next seven years. According to UnivDatos Market Insights (UMI)’ research report “global chemoinformatics market”, the market is expected to witness a CAGR of around 13% during the forecast period 2021-2027F.
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Based on application, the market is classified into drug discovery, chemical analysis, and drug validation. Amongst applications, the chemical analysis category accounted for a significant share in the market. this segment is growing because of the increasing investments in R&D and the relatively low success rate of the potential leads as drug molecules.
Based on end-users, the market is categorized into chemical and pharmaceutical industries, research and academic Institution, and others. Among these, the chemical and pharmaceutical industry is expected to witness the highest CAGR during the forecast period. The growth of this segment is mainly due to the increased demand for personalized medicine, and r&d activities for new drug discoveries.
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North America to witness extensive growth
For a better understanding of the market adoption of the chemoinformatics market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the chemoinformatics industry in 2020 owing to the presence of well-established market players and the rising geriatric population in the region.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Chemoinformatics market are Jubilant Biosys, Molecular Discovery Ltd., OpenEye Scientific Software, Dassault Systemes, Agilent Technologies, Bio-Rad Laboratories, Inc., BioSolveIT GmbH, Schrödinger, LLC, ChemAxon Ltd., Golden Helix, Inc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
“Global Chemoinformatics Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
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Market Segmentations:
1. By Application (Drug Discovery, Chemical Analysis, Drug Validation)
2. By End-Users (Chemical and Pharmaceutical Industry, Research And Academic Institution, Others)
3. By Region (North America, Europe, Asia-Pacific, Rest of the World)
4. By Company (Jubilant Biosys, Molecular Discovery Ltd., OpenEye Scientific Software, Dassault Systemes, Agilent Technologies, Bio-Rad Laboratories, Inc., BioSolveIT GmbH, Schrödinger, LLC, ChemAxon Ltd., Golden Helix, Inc.)
Key questions answered in the study:
1. What are the current and future trends of the global chemoinformatics industry?
2. How the industry has been evolving in terms of technology and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global chemoinformatics industry?
5. What is the customer orientation, purchase behavior, and expectations from the global chemoinformatics suppliers across various region and countries?
Table of Content –
1. MARKET INTRODUCTION
2. RESEARCH METHODOLOGY OR ASSUMPTION
3. MARKET SYNOPSIS
4. EXECUTIVE SUMMARY
5. GLOBAL CHEMOINFORMATICS MARKET COVID-19 IMPACT
6. GLOBAL CHEMOINFORMATICS MARKET REVENUE, 2019-2027F
7. MARKET INSIGHTS BY APPLICATION
8. MARKET INSIGHTS BY END-USERS
9. MARKET INSIGHTS BY REGION
10. CHEMOINFORMATICS MARKET DYNAMICS
11. CHEMOINFORMATICS MARKET OPPORTUNITIES
12. CHEMOINFORMATICS MARKET TRENDS
13. LEGAL & REGULATORY FRAMEWORK
14. DEMAND AND SUPPLY SIDE ANALYSIS
15. VALUE CHAIN ANALYSIS
16. COMPETITIVE SCENARIO
17. COMPANY PROFILED
18. DISCLAIMER
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