The global molecular modelling market is expected to grow at a CAGR of 15.16% from the years between 2018 and 2023. People use molecular modeling software to create 3D computer simulations of molecules in terms of structure and nature. This is invaluable because it allows them to manipulate these molecules. They can then understand how different drugs would react with humans. This is far more effective and safer than testing medicines on lab animals.
The pursuit of a better life is a never-ending process and advancing technologies have seldom failed to bore fruits. Aptly supported by the latest innovations, healthcare has benefitted considerably. But a generic answer is no longer valid as the diseases are changing their features according to their real-life hosts. Hence, the need for customization arose. Growing prevalence of chronic diseases has also galvanized this need relying on which the healthcare sector is now looking for a solution in molecular modelling. Molecular modelling market is all set to become the harbinger of a new era of drug designing. To start with, a 15.46% CAGR is during the forecast period (2017-2023) in the reports of Market Research Future (MRFR) seems to be quite promising.
Major Key Players
Fisher Scientific Company LLC. (US),
Indigo Instruments (US),
Simulation Plus (US),
Certara, L.P. (US),
Dassault Systèmes (France),
Advanced Chemistry Development (Canada),
Schrödinger, LLC (US),
Genedata AG (Switzerland),
Chemical Computing Group ULC (Canada),
Physiomics PLC (UK),
Entelos, Inc. (US).
Molecular Modelling Market has been segmented on the basis of approach, application, products, and end user.
On the basis of application, the market is segmented into drug development, drug discovery, and other application. The drug discovery is further segmented into direct drug design, indirect drug design, and molecular mimicry. The direct drug design is sub-segmented into lead identification, target identification, and others. The indirect drug design is sub-segmented into pharmacophore, quantitative structure-activity relationships (QSAR), and others.
On the basis of approach, the market is segmented into molecular mechanics approach, and quantum chemistry approach.
On the basis of product, the market is segmented into instruments, reagents, kits, and others.
On the basis of end user, the market is segmented into pharmaceutical & biotechnological companies, research organizations, and others.
Countries situated near the equator have become the budding ground for many chronic diseases such as chagas, dengue, leprosy, and rabies due to problematic climactic conditions forcing these countries to employ the latest advancements into their system. Governments of developing countries have initiated education programs and projects such as the Janala Project in Bangladesh, ProjectABC in Nigeria, Tostan in Senegal, Yoza in South Africa, and BridgeIT in Tanzania, and others to create awareness regarding the conditions and healthcare IT tools.
The Americas dominates the global molecular modelling market owing to well-developed technology, increasing prevalence of the people suffering from cardiovascular diseases, and increasing government support for research & development. Furthermore, high healthcare expenditure and increasing R&D activities have fuelled the growth of the market in this region.
Europe holds the second position in the global molecular modelling market, which is followed by Asia Pacific. It is expected that the government support for research & development and availability of funds for research will drive the market. Asia Pacific is the fastest growing molecular modelling market due to the presence of rapidly growing economy, developing healthcare technology, increasing healthcare expenditure, and huge patient pool.
On the other hand, the Middle East & Africa holds the least share of the market due to limited availability of medical facilities, less availability of funds, and poor political conditions in Africa.
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