Overview:
Molecular modelling is a strategy that involves computational techniques that integrates creation, manipulation, and representation of molecular structures. Based on this technology, a lot of drug can be developed. This process enables scientists to run various simulations that can ensure better results for the global drug development market. The global molecular modelling market can achieve a CAGR of 15.16% during the forecast period of 2018 to 2023. Market Research Future (MRFR) discloses possibilities that can be explored well in the future to ensure strong growth in the coming years.
Various factors like hike in research-related investments, growing impact from pharmaceuticals to discover new drugs, technologies to develop personalized drug, better healthcare-related investments, growing cases of chronic disease, hike in budgets for healthcare sector, and other are expected to influence the global molecular modelling market. The burgeoning biosimilars and biologics industry is expected to take the market further ahead in the coming years.
Segmentation:
Product, application, and end-users are segments that have been included in the global molecular modelling market. This analysis is expected to provide in-depth analysis of various factors that can be used later to garner more profits in the coming years.
By product, the molecular modelling market comprises software and services. The software segment is generating substantial revenue and is expected to climb up with a 13.55% CAGR. But the services segment is expected to register the fastest CAGR of 18.64% within the same time frame.
Based on the application, the global molecular modelling market can be segmented into drug development, drug discovery, and others. the drug development segment can step ahead with 13.26% CAGR during the forecast period. The drug discovery segment is deemed to register the fastest CAGR of 17.30% over the assessment period.
By end-users, the molecular modelling market comprises research centers & academic institutions, pharmaceutical & biotechnological companies, and others. The pharmaceutical and biotechnological companies are expected to register a 13.84% growth during the forecast period, whereas, the research centers and academic institutions can post a CAGR of 19.16% during the review period.
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Regional Analysis:
Region-wise analysis of the global molecular modelling market has four specific regions under its coverage. These regions are the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA). The report is all set to provide better demographic analysis to assist in the exploration of several possibilities that can impact the market growth in the future.
Technical superiority, robust infrastructure, high expenditure capacity, better research & development projects, and other healthcare-related initiatives are expected to provide strong traction to the regional market. The Americas is a region that includes two regions, North and South America. North America has better market scenario than South America.
Europe is sharing similar features like that of North America. These two regions are known for their research and development projects where development of new products and innovations are quite expected. The region is following North America closely in terms of market valuation. Several countries like the UK, France, Germany, and others are expected to promote the regional market.
The APAC market is expecting strong growth in the coming years with assistance from the hike in the market valuation of China, India, Thailand, Singapore, and others.
Competitive Landscape:
Prominent market players in the global molecular modelling market are Schrödinger, LLC, Cresset, Acellera Ltd., BioSolve-IT, Optibrium, Chemical Computing Group, Simulations Plus, Inc., Cambridge Crystallographic Data Centre OpenEye Scientific Software, Certara, L.P, Dassault Systèmes, and others. MRFR included these companies and profiled them for a better analysis of the global process. Such a report also includes various strategic moves taken by these companies. These moves are merger, acquisition, collaboration, and other methods.
In August 2019, Voronoi, a Korean company known for its drug discovery and development, has decided to collaborate CDD Vault. The step is going to be beneficial for the regional molecular modelling market.
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