Press release
Molecular Modeling Market Strategies 2024-2033: Opportunities, Growth Analysis, and Overview
Molecular Modeling Market Strategies
As per the report, the molecular modeling market size has grown rapidly in recent years. It will grow from $7.15 billion in 2023 to $8.25 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The molecular modeling market size is expected to see rapid growth in the next few years. It will grow to $14.65 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%.
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Rising Drug Development Activities Fuel Growth In The Molecular Modeling Market
The increasing drug development is expected to propel the growth of the molecular modeling market going forward. Drug development refers to discovering, designing, testing, and bringing new pharmaceutical compounds or medical treatments from the initial concept stage to regulatory approval and eventual market introduction. Molecular modeling plays a crucial role in various stages of drug development as it helps understand molecular interactions and evaluate the protein-ligand complex stability, functional reliability, and drug efficacy. For instance, in June 2023, according to the Accessibility Standards Canada, a Canada-based federal institution, there were 9,000 novel medications undergoing clinical trials in 2022, which is a notable increase from the approximately 8,500 drugs undergoing trials in 2021. Therefore, the increasing drug development is driving the growth of the molecular modeling market.
Advancements In Molecular Modeling Platforms
Major companies operating in the molecular modeling market are innovating new technologies, such as molecular modeling platforms, to meet the needs of existing consumers better. A molecular modeling platform is a software suite that provides tools for the visualization, simulation, and analysis of molecules. For instance, in August 2023, Cresset Group, a UK-based provider of drug discovery solutions, launched Flare V7, a cutting-edge drug design platform. Flare V7 seamlessly integrates the power of ligand and structure-based approaches to promote more effective small-molecule discovery. This represents a substantial advancement in molecular modeling. It is equipped with ensemble docking, reinforcement of Quantum Mechanics (QM) and Quantitative Structure-Activity Relationship (QSAR) methodologies, and a variety of tools to make Flare FEP experiment troubleshooting, examination of dynamics trajectories, and preparation of ligand structures for in-depth studies easier.
The molecular modeling market covered in this report is segmented -
1) By Product: Software, Services
2) By Approach: Molecular Mechanics Approach, Quantum Chemistry Approach
3) By Application: Drug Development, Drug Discovery, Other Applications
4) By End-User: Pharmaceutical And Biotechnology Companies, Research Centers And Academic Institutions, Other End Users
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Major companies operating in the molecular modeling market report are Thermo Fisher Scientific Inc., BioNTech SE, Dassault Systemes SE, Bruker Corporation, Qiagen N.V., Physiomics plc, SilcsBio LLC, Compugen Ltd., Certara Inc., Schrödinger Inc., Jubilant Biosys Ltd., Simulations Plus Inc. , Genedata AG , Labvantage-Biomax GmbH, Acellera Ltd., Advanced Chemistry Development Inc., Molsoft L.L.C., Nimbus Therapeutics Inc., Crown Bioscience Inc., OTAVA Ltd., Chemical Computing Group, Molport SIA, Optibrium Ltd., BioSolveIT GmbH, Cyclica Inc., Cresset Group, Cyrus Biotechnology Inc., 3D Molecular Designs LLC, Inhibrx Inc., Leadscope Inc.
Contents of the report:
1. Executive Summary
2. Molecular Modeling Market Report Structure
3. Molecular Modeling Market Trends And Strategies
4. Molecular Modeling Market - Macro Economic Scenario
5. Molecular Modeling Market Size And Growth
…..
27. Molecular Modeling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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