Press release
Global Molecular Modeling Market Share to Reach $17.12 Billion by 2029, Growing at 15.8% CAGR
Molecular Modeling Market Share
The molecular modeling Market Share is set to be driven by the growth in drug development. Defined as the process of discovery, design, testing, and delivery of new pharmaceutical compounds or medical treatments, drug development heavily relies on molecular modeling. This is due to its ability to understand molecular interactions, assess the stability of protein-ligand complexes, functional dependability, and measure drug effectiveness. For example, the Accessibility Standards Canada indicated in June 2023, that there were 9,000 new drugs in clinical trials in 2022, marking a significant increase from the approximately 8,500 drugs tested in 2021. Hence, the growing commitments towards drug development are catalyzing the expansion of the molecular modeling Market Share. The proliferation of personalized medicine is also anticipated to stimulate the molecular modeling Market Share's growth. As a health approach that customizes healthcare decisions and treatments to individuals based on distinct genetic, molecular, and clinical traits, personalized medicine leverages molecular modeling. It can predict individual patient responses to treatments, design specific drug therapies, and optimize treatment plans according to patients' molecular structures. For instance, the Personalized Medicine Coalition reported that the Food and Drug Administration's Center for Drug Evaluation and Research (CDER) sanctioned 37 new molecular entities (NMEs) in 2022. Of the 35 therapeutic NMEs, nearly 34% (12 in total) are identified as personalized medicines by the Coalition. Hence, the escalating adoption of personalized medicine is promoting the growth of the molecular modeling Market Share.
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What is the projected compound annual growth rate (CAGR) of the molecular modeling Market Share from 2025 to 2034, and what factors influence it?
The rapid expansion of the molecular modeling Market Share has been noticeable over the recent past. The Market Share is projected to rise from $8.25 billion in 2024 to $9.51 billion in 2025, with a compound annual growth rate (CAGR) of 15.2%. The historical growth period is linked with the evolution of computational chemistry and molecular dynamics, the early application in environmental and sustainability domains, improved visualization instruments, an increased application rate in enzyme and protein engineering, along with the development of biomolecular modeling techniques.
In the upcoming years, a substantial expansion is anticipated in the molecular modeling Market Share, with estimations forecasting its growth at a compound annual growth rate (CAGR) of 15.8%, reaching $17.12 billion by 2029. Several factors contributing to this predicted surge include the increasing use of AI and machine learning techniques, the escalating demand for drug research and development, and the widening prospects in material science, precision medicine and individualized treatment strategies. Also, the molecular modeling Market Share's growth in the forecast period will be influenced by advancements in computer performance, AI and machine learning integration, a bolstered emphasis on drug discovery and development, material science application expansion, and a shift toward predictive medicine.
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How are the latest trends influencing the growth of the molecular modeling Market Share?
Key businesses in the molecular modeling industry are pioneering innovative technologies, like molecular modeling platforms, to fulfill the requirements of current users more efficiently. A molecular modeling platform is a software collection providing various tools for visualizing, simulating, and examining molecules. For instance, in August 2023, Cresset Group, a UK-established drug discovery solution provider, unveiled Flare V7, a state-of-the-art drug design platform. Flare V7 effectively combines the strengths of ligand- and structure-based methods to foster improved small-molecule discovery, marking a significant breakthough in molecular modeling. It comes with features like ensemble docking, leveraging of Quantum Mechanics (QM) and Quantitative Structure-Activity Relationship (QSAR) methods, and several tools to simplify the Flare FEP experiment troubleshooting, studying of dynamics trajectories, and preparation of ligand structures for more comprehensive research.
What are the major segments of the molecular modeling Market Share and their role in driving growth?
The molecular modeling Market Share 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
Subsegments:
1) By Software: Molecular Visualization Software, Molecular Dynamics Software, Quantum Chemistry Software, Docking Software, Simulation Software, Other Specialized Software
2) By Services: Consulting Services, Custom Modeling Services, Training And Support Services, Data Analysis Services, Cloud-Based Services
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Which regions are key players in the growth of the molecular modeling Market Share?
North America was the largest region in the molecular modeling Market Share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the molecular modeling Market Share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the molecular modeling Market Share?
Major companies operating in the molecular modeling Market Share 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.
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What Is Covered In The Molecular Modeling Global Market Share Report?
•Market Share Size Forecast: Examine the molecular modeling Market Share size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the molecular modeling Market Share for a structured understanding.
•Key Players Overview: Analyze major players in the molecular modeling Market Share, including their Market Share value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the molecular modeling Market Share.
•Segment Contributions: Evaluate how different segments drive overall growth in the molecular modeling Market Share.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the molecular modeling Market Share.
•Industry Challenges: Identify potential risks and obstacles affecting the molecular modeling Market Share.
•Competitive Landscape: Review strategic developments in the molecular modeling Market Share, including expansions, agreements, and new product launches.
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