Molecular Modelling Market See Radical Growth at 15.16% CAGR During 2018-2023 | Cresset, Acellera Ltd., Schrödinger, LLC, Optibrium, BioSolve-IT, Simulations Plus, Inc. etc.by 2023

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 But a generic answer is no longer valid as the diseases are changing their features according to their real-life hosts.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.

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Rising cases of chronic diseases have become quite daunting in their impact on the popular psyche, and it keeps the experts on their toe. Finding a solution with long-lasting upshot has become the need of the hour. Molecular modelling, many experts feel, has the potential answer. Reports published by the World Health Organization (WHO) reveals in 2015 around 8.8 million people died from cancer. To be precise, worldwide, cancers such as lung cancer, liver cancer, colorectal cancer, stomach cancer, and breast cancer caused 1.69 million, 788 thousand, 774 thousand, 754 thousand, and 571 thousand deaths, respectively. This has made the research regarding molecular modelling, even more, pertaining spurring the market growth further.

Molecular modelling’s ability to predict the outcome of a drug composition using both computational and experimental techniques has a profound bearing on the healthcare industry. Subtle it may sound now, but in future, it can be an overarching one. Its simple methods have made it accessible in diverse fields such as computational chemistry, computational biology, and material science. It empowers researchers with a 3D view of the molecular structure which further helps in investigating, interpreting, and seeking of specific explanation regarding better drug architecture.

However, software for such modelling is quite expensive which requires efficiency in the calculation of the potential benefit the implementer can earn upon investing. The customization of the software to suit the purpose can trigger the price to rise which can bottleneck the market.

Opportunity:

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.

Segmentation:

Based on the product, the market can be segmented by software and services. Software, by generating the maximum revenue, is helming the market and is expected to scale rapidly with an impressive CAGR of 13.55% during the forecast period. However, services can score high with the fastest CAGR during the review period, and it can rise to a stellar 18.64% to impact the market considerably. The services segment had accounted for 63.1% share of the market in 2017.

Application-wise segmentation includes drug development, drug discovery, and others. Various prevalent diseases and growing resistance power of diseases are asking for a countermeasure owing to which drug development is witnessing the maximum expansion. A leap of about 13.26% CAGR from the current market valuation of USD 111.56 million during the forecast period is expected. Meanwhile, the drug discovery segment is expected to register the fastest CAGR of 17.30% as new methods of countering the existing diseases have turned into utmost priority.

Based on end-users, the market consists pharmaceutical and biotechnological companies, research centers and academic institutions, and others. The evolving market requires constant researches to facilitate further trendsetting developments which have turned the pharmaceutical and biotechnological companies into market doyens. After earning USD 182.46 million in 2017, the market is eyeing for a CAGR of 13.84% during the forecast period. Research centers and academic institutions have also stepped in taking the market ahead with a promising CAGR of 19.16% projection during the forecast period.

Regional Analysis:

Region-wise analysis of the global market encompasses four regions namely the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).

Superiority in technology, advanced technology, increasing cases of chronic diseases and high healthcare investment have rightly set the ground for the Americas to becomes the market forerunners. As per the National Cancer Institute (NCI), 2014 alone had new 1,666,540 cancer cases registered. This massive patient pool contributes significantly to the growth of the market.

Government initiatives are proving beneficial for the market in Europe. The region is second only to the Americas. According to Eurostat, Germany spend over USD 371 billion in just 2014 to have some groundbreaking progress that can shape the future healthcare industry.

The APAC is expecting a robust growth as countries such as Singapore, Australia, Malaysia, India, and China with their huge patient pool and advancing healthcare technologies are investing substantially in research of the said market. However, lack of capital investment in various other regions can rig the market growth during the review period.

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Competition Analysis:

Strong global presence is a definite answer for companies who are eyeing for a substantial prospect. For instance, Simulations Plus, Inc presence in all the four regions have helped it maintain a robust presence and expand portfolio which can cement its current position further.

The market study reveals companies such as Simulations Plus, Inc, Schrödinger, LLC, Dassault Systèmes, Chemical Computing Group, OpenEye Scientific Software, BioSolve-IT, Cresset, Optibrium, Cambridge Crystallographic Data Centre, Acellera Ltd, Certara, L.P, and others as key market influencers.

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This release was published on openPR.