Breaking Down Molecules: Structural Biology's Big Innovations

The Business Research Company recently released a comprehensive report on the Global Structural Biology And Molecular Modeling Techniques Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The structural biology and molecular modeling techniques market size has grown rapidly in recent years. It will grow from $7.58 billion in 2023 to $9 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%. The growth in the historic period can be attributed to emergence of cryo-electron microscopy, pharmaceutical research and drug discovery, understanding enzyme mechanisms, growth in structural genomics initiatives, validation of drug targets, structural insights into viral proteins, drug resistance studies.

The structural biology and molecular modeling techniques market size is expected to see rapid growth in the next few years. It will grow to $17.39 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to expansion of fragment-based drug design, advancements in hybrid methods, rapid expansion of structural proteomics, precision medicine applications in oncology, structural biology in neuroscience research, application in rna biology, advancements in structural bioinformatics. Major trends in the forecast period include integration of artificial intelligence (ai), hybrid methods for structural determination, single-particle analysis in cryo-em, membrane protein structures, open-source software development, nmr spectroscopy, structural biology in personalized medicine, technological advances in x-ray crystallography.

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Market Drivers and Trends:

The increasing adoption of personalized medicine is expected to propel the growth of structural biology and molecular modeling techniques market going forward. Personalized medicine is an innovative healthcare approach that tailors medical treatment and interventions to the individual characteristics of each patient. Structural biology and molecular modelling techniques play a crucial role in personalized medicine by enabling the identification and validation of molecular targets, supporting drug discovery and development, understanding genetic variations, predicting drug-target interactions, optimizing drug delivery, and contributing to biomarker discovery. For instance, in 2022, according to the Personalized Medicine Coalition, a US-based professional membership organization, the Food and Drug Administration's Center for Drug Evaluation and Research (CDER) approved 37 new molecular entities (NMEs) in 2022. Out of the 35 therapeutic NMEs, approximately 34%, which amounts to 12 of them, are classified as personalized medicines by the Personalized Medicine Coalition (PMC). Therefore, the increasing adoption of personalized medicine is driving the growth of the structural biology and molecular modelling techniques market.

Technological advancements are the key trend gaining popularity in the structural biology and molecular modeling techniques market. Major companies operating in the market are developing innovative technologies such as next-generation sequencing-based ctDNA Testing, silico screening of 3-D chemical structures, advanced software, and others to sustain their position in the market. For instance, in March 2022, PerkinElmer Inc., a US-based provider of products, solutions, and services to the applied services, life sciences, and diagnostics markets introduced ChemDraw V21 software that enables quick native import, animation, and sharing of 3D chemical structures in Microsoft PowerPoint. The essential improvement makes it quicker and simpler for chemists to produce more insightful research reports. By using the brand-new ChemDraw V21 software, scientists may easily paste a live 3D rendition of their molecule into the Microsoft PowerPoint program, where they can see, rotate, and share the image with its atom and bond color highlights fully preserved.

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Major Key Players of the Market:

Thermo Fisher Scientific Inc., Agilent Technologies Inc., Agile Molecule Inc., Bruker Corporation, Dassault Systèmes SE, Illumina Inc., Chemical Computing Group ULC, Biomax Informatics AG, Affymetrix Inc., Horiba Ltd., Charles River Laboratories Inc., Adjuvance Technologies Inc., Novartis AG, QIAGEN N.V., Avanti Polar Lipids Inc., Acellera Ltd., Schrödinger Inc., OpenEye Scientific Software Inc., BioSolveIT GmbH, Optibrium Ltd., Simulations Plus Inc., Certara L.P., Genedata AG, Inte:Ligand GmbH, Molecular Networks GmbH, Molecular Discovery Ltd., Cresset Group Ltd., Biotherapeutics Inc., Biovista Inc., Collaborative Drug Discovery Inc., Dotmatics Ltd., Insilico Biotechnology AG, Leadscope Inc.

Structural Biology And Molecular Modeling Techniques Market 2024 Key Insights:

• The structural biology and molecular modeling techniques market size is expected to see rapid growth in the next few years. It will grow to $17.39 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%.
• Rising Prevalence Of Chronic Diseases To Drive Market Growth
• Tecchnological Advancements Transforming The Structural Biology And Molecular Modeling Techniques Market
• North America was the largest region in the structural biology and molecular modelling techniques market in 2023

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This release was published on openPR.