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Evolving Market Trends In The Structural Biology And Molecular Modeling Techniques Industry: Technological Advancements Transforming The Structural Biology And Molecular Modeling Techniques Market
Structural Biology And Molecular Modeling Techniques
What Is the Expected Structural Biology And Molecular Modeling Techniques Market Size During the Forecast Period?
The market for structural biology and molecular modeling techniques has witnessed a swift expansion in recent times. It is envisaged to burgeon from $8.78 billion in 2024 to $10.35 billion in 2025, reflecting a compound annual growth rate (CAGR) of 17.9%. The significant growth during the historic period is due to the advent of cryo-electron microscopy, the progression in pharmaceutical research and drug discovery, comprehension of enzyme mechanisms, advancements in structural genomics initiatives, validation of drug targets, detailed analysis of viral proteins, and studies on drug resistance.
In the upcoming years, a swift expansion is anticipated in the market for structural biology and molecular modelling techniques, with its worth forecasted to reach $20.36 billion by 2029. This would be an astounding compound annual growth rate (CAGR) of 18.4%. Various factors contribute to this predicted growth, including the broadening of fragment-based drug design, advancements in hybrid methods, rapid expansion of structural proteomics, applications of precision medicine in oncology, structural biology's role in neuroscience research, its use in RNA biology, and breakthroughs in structural bioinformatics. The forecast period also presents major trends like the incorporation of artificial intelligence, hybrid methods for structural determination, single-particle analysis in cryo-EM, unveiling of membrane protein structures, development of open-source software, NMR spectroscopy, and structural biology's application in personalized medicine, as well as technological advancements in x-ray crystallography.
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What Are the High-Growth Segments in the Structural Biology And Molecular Modeling Techniques Market?
The structural biology and molecular modeling techniques market covered in this report is segmented -
1) By Tools: SaaS And Standalone Modeling, Visualization And Analysis, Databases, Other Tools
2) By Application: Drug Development, Drug Discovery, Other Applications
3) By End-Users: Pharmaceutical, Biotechnological, Academic, Clinical Trial
Subsegments:
1) By SaaS And Standalone Modeling: Cloud-Based Modeling Tools, Desktop Modeling Software
2) By Visualization And Analysis: Molecular Visualization Software, Structural Analysis Tools
3) By Databases: Protein Structure Databases, Molecular Interaction Databases
4) By Other Tools: Simulation Software, Docking Software, Other Analytical Tools
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What Key Drivers Are Expected to Influence Future Structural Biology And Molecular Modeling Techniques Market Growth?
The increase in chronic illnesses is projected to boost the structural biology and molecular modeling techniques market. Chronic diseases, typified by prolonged durations of three months or more and a tendency to deteriorate over time, include prevalent conditions such as cancer, heart diseases, stroke, diabetes, and arthritis. Studies utilizing structural biology are exploring the root causes of these diseases. Structure-guided methods are proving their worth in various stages of early drug discovery, both theoretically and practically. These investigations are significant in comprehending the impact of genetic human disease mutations and the resistance to treatments for cancer and infectious diseases. For instance, data from the Australian Institute of Health and Welfare, a government agency in Australia, shows that in June 2024, the mortality rate due to chronic conditions escalated from 459 per 100,000 in 2021 to 490 per 100,000 in 2022, revealing a prominent increment. Consequently, the increased occurrence of chronic diseases is fueling the expansion of the structural biology and molecular modeling techniques market.
Which Companies Hold the Largest Share Across Different Structural Biology And Molecular Modeling Techniques Market Segments?
Major companies operating in the structural biology and molecular modeling techniques market are Thermo Fisher Scientific Inc., Agilent Technologies Inc., Agile Molecule Inc., Bruker Corporation, Dassault Systèmes SE, Illumina Inc., Chemical Computing Group ULC, Biomax Informatics AG, 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.
What Trends Are Driving Growth in The Structural Biology And Molecular Modeling Techniques Market?
The advancements in technology are the main trend gathering momentum in the structural biology and molecular modeling techniques market. Leading companies in the sector are inventing novel technologies like next-generation sequencing-based ctDNA testing, 3-D chemical structure in silico screening, sophisticated software, and more to maintain their dominance in the market. PerkinElmer Inc., a prominent US company that offers products, solutions, and services to the life sciences, applied services, and diagnostic markets, unveiled the ChemDraw V21 software in March 2022. This software allows swift native importation, animation, and sharing of 3D chemical structures in Microsoft PowerPoint, significantly simplifying and accelerating the generation of detailed research reports for chemists. It becomes conceivable for scientists to directly insert a live 3D representation of their molecule into the PowerPoint presentation. Notably, the image preserved its complete atom and bond color highlights and could be viewed, rotated, and shared effortlessly courtesy of the ChemDraw V21 software.
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What Are the Emerging Geographies for The Structural Biology And Molecular Modeling Techniques Market Growth?
North America was the largest region in the structural biology and molecular modelling techniques market in 2024. The regions covered in the structural biology and molecular modeling techniques market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Structural Biology And Molecular Modeling Techniques Market?
2. What is the CAGR expected in the Structural Biology And Molecular Modeling Techniques Market?
3. What Are the Key Innovations Transforming the Structural Biology And Molecular Modeling Techniques Industry?
4. Which Region Is Leading the Structural Biology And Molecular Modeling Techniques Market?
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