Apr 08, 2021, 08:57 EST
Shibuya-ku, Tokyo, Japan, Japan, Apr 08, 2021, 08:57 /Comserve / -- The report analyze market size, share, growth, trends, segmentation, top key players, strategies, demand, statistics, competitive landscape and forecast.
The propelling factors for the growth of the global chemoinformatics market include the innovations and advancements in the drug development process and increased demand for personalized medicine. The ever increasing growth of the drug development market is likely to boost the demand for chemoinformatics, owing to its numerous applications in drug designing at various stages. Right from target identification to its development as a potential drug candidate, chemoinformatics tools play a crucial part.
There has also been growing awareness related to personalized medicine, which has been driving the demand for effective medication, coupled with the unsustainable burden of chronic diseases. This serves as a compelling factor for new drug development, which promotes a positive impact on the growth of the global chemoinformatics market. These techniques find a vast array of applications in the various stages of drug designing. Furthermore, with the growing R&D intensity, the segment is further reinforced, owing to technological innovation inputs.
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Key Market Trends
Chemical Analysis Segment by Application is Expected to Grow Fastest Over the Forecast Period
The chemical analysis segment accounted for the majority of the revenue share. The major factors that are contributing to the segment’s growth include the increasing investments in R&D and the relatively low success rate of the potential leads as drug molecules.
The factors in conjunction with each other are expected to boost the usage of these platforms. Increasing demand for personalized medicine is a major cause for the market growth. Increasing prevalence of concerned other chronic diseases, which boosts demand for personalized diagnostics and therapeutics, is also one of the key factors responsible for the growth of the segment.
North America Holds the Largest Share and is Expected to Follow the Same Trend Over the Forecast Period
North America is likely to contribute to the largest share in the chemoinformatics market, owing to factors, such as enhanced healthcare of infrastructure, funds in initiatives of R&D, and technological enlargements in the United States and Canada. There has also been an increasing patient awareness about healthcare services and growing demand for personalized medicine that are likely to boost the market growth.
The global chemoinformatics market has gained significant momentum in research institutions, pharmaceutical companies, biotechnology industry, research laboratories, and academic institutions. Therefore it is expected that over the course of time, there may be an influx of well-established players in the chemoinformatics market.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Innovations and Advancements in the Drug Development Process
4.2.2 Increased Demand of Personalized Medicine
4.3 Market Restraints
4.3.1 Cost Associated with Chemoinformatics Software
4.3.2 Lack of Skilled Labors
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Chemical Analysis
126.96.36.199 Chemical Databases
188.8.131.52 Chemo metrics
184.108.40.206 Molecular Modelling
220.127.116.11 Other Chemical Analyses
5.1.2 Drug Discovery and Validation
5.1.3 Virtual Screening
5.1.4 Other Applications
5.2.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.2.4 Middle East & Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
5.2.5 South America
22.214.171.124 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Dassault Systemes
6.1.2 Agilent Technologies
6.1.3 Bio-rad Laboratories Inc.
6.1.4 BioSolveIT GmbH
6.1.5 Cerep Inc.
6.1.6 ChemAxon Inc.
6.1.7 Chemical Computing Group Inc.
6.1.8 Jubilant Biosys Inc.
6.1.9 Molecular Discovery Ltd
6.1.10 OpenEye Scientific Software
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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The research report analyze market size, share, growth, trends, segmentation, top key players, strat
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