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Chemoinformatics - Global Market Growth, Trends and Forecast (2019-2024): Chemical Analysis Expected to Grow at the Fastest Rate
DUBLIN, March 13, 2019 /PRNewswire/ -- The "Chemoinformatics Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The global chemoinformatics market is expected to register a CAGR of nearly 18.7% during the forecast period, 2019-2024.
The propelling factors for the growth of the global chemoinformatics market include the innovations and advancements in the drug development process and increased demand of 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.
Key Market Trends
Chemical Analysis Segment by Application is Expected to Grow Fastest During 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.
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.
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
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
18.104.22.168 High Throughput Screening
22.214.171.124 Lead Identification and Optimization
126.96.36.199 Other Drug Discovery and Validations
5.1.3 Virtual Screening
5.1.4 Other Applications
5.2.1 North America
5.2.4 Middle East & Africa
5.2.5 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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