Chemoinformatics Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Application (Drug Discovery, Chemical Analysis, Drug Validation); End-Users (Chemical & Pharmaceutical Industry, Research & Academic Institutions, Others); Region/Country
Detailed Analysis of COVID-19 Impact on the Chemoinformatics Market
The chemoinformatics market is expected to register a CAGR of around 13% over the period of 2021-2027. Cheminformatics is a new area of information technology (IT) focused on the collection, storage, analysis, and manipulation of chemical data. Chemical data includes small molecule formulas, structures, properties, spectra, and biological and industrial activities. Cheminformatics helps define archived data logs and depict three-dimensional (3D) molecular structures, further enabling the search and comparison of compounds with specific properties. As a result, it is widely used in the pharmaceutical industry to discover and develop new biotechnology processes and products. Chemoinformatics is being widely utilized in drug discovery & designing, information handling, screening, molecular modelling, analytical chemistry, Quantitative structure-activity relationship (QSAR), and also in polymers, food science & material science. The applications of this technique are in chemical data collection, representation, analysis, database designing, structure prediction, and building statistical models.
The rise in the investment in research and development (R & D) projects is driving the demand for chemoinformatics to validate potential drug candidates and effectively manage data generated during molecular and atomic reactions. Moreover, the increasing awareness about personalized medicine is driving the market growth. For instance, in 2012, the number of personalized medicine in the U.S was 81 which increased to 286 in 2020.
Furthermore, 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 discovery, increases the industry funding, mergers and acquisition, and investments in the industry is anticipated to positively impact the chemoinformatics market globally. For example, In 2020, Optibrium, a developer of software for drug discovery, 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.
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. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Applications, the chemical analysis category accounted for the majority share in the market in 2020”
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.
“Among End-Users, the chemical and pharmaceutical industry is expected to witness highest CAGR during the forecast period”
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 attributed to the increased demand for personalized medicine, and novel drug discoveries and development.
“North America to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the chemoinformatics market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the chemoinformatics market industry in 2020 owing to the strong healthcare infrastructure and growing adoption of chemoinformatics in the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.1. Market Definitions|
|1.3. Stake Holders|
|1.4. Currency used in Report|
|2.1. Research Process of the Chemoinformatics Market|
|2.2. Research Methodology of the Chemoinformatics Market|
|2.3. Forecasting Method|
|2.4. Respondent Profile|
|2.5. Main Objective of the Chemoinformatics Market Study|
|3. MARKET SYNOPSIS|
|4. EXECUTIVE SUMMARY|
|5. GLOBAL CHEMOINFORMATICS MARKET COVID-19 IMPACT|
|6. GLOBAL CHEMOINFORMATICS MARKET REVENUE, 2019-2027F|
|7.1. Drug Discovery|
|7.2. Chemical Analysis|
|7.3. Drug Validation|
|8.1. Chemical And Pharmaceutical Industry|
|8.2. Research And Academic Institution|
|9.1. North America Chemoinformatics Market|
|9.1.1. United States|
|9.1.3. Rest of North America|
|9.2. Europe Chemoinformatics Market|
|9.2.3. United Kingdom|
|9.2.6. Rest of Europe|
|9.3. Asia Pacific Chemoinformatics Market|
|9.3.5. Rest of Asia Pacific|
|9.4. Rest of World Chemoinformatics Market|
|10.1. Market Drivers|
|10.2. Market Challenges|
|10.3. Impact Analysis|
|11. CHEMOINFORMATICS MARKET OPPORTUNITIES|
|12. CHEMOINFORMATICS MARKET TRENDS|
|13. LEGAL & REGULATORY FRAMEWORK|
|14.1. Demand Side Analysis|
|14.2. Supply Side Analysis|
|15. VALUE CHAIN ANALYSIS|
|16.1. Porter’s Five Forces Analysis|
|17.1. Jubilant Biosys|
|17.2. Molecular Discovery Ltd.|
|17.3. OpenEye Scientific Software|
|17.4. Dassault Systemes|
|17.5. Agilent Technologies|
|17.6. Bio-Rad Laboratories, Inc.|
|17.7. BioSolveIT GmbH|
|17.8. Schrödinger, LLC|
|17.9. ChemAxon Ltd.|
|17.10. Golden Helix, Inc.|
Research Methodology for the Global Chemoinformatics Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global chemoinformatics market were the three major steps undertaken to create and analyze the adoption of chemoinformatics in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global chemoinformatics market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Seek More Details About Research Methodology
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the chemoinformatics market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the chemoinformatics market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as application and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the chemoinformatics market. Further, we conducted factor analysis using dependent and independent variables such as various applications and end-users of chemoinformatics. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Chemoinformatics market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global chemoinformatics market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the chemoinformatics market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global chemoinformatics market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global chemoinformatics market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of application and end-users in the global chemoinformatics market.
The main objective of the Global Chemoinformatics Market Study
The current & future market trends of global chemoinformatics market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the chemoinformatics market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of application and end-users.
- Define and analysis of the regulatory framework for the chemoinformatics market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the chemoinformatics market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the Chemoinformatics market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry