Drug Designing Tools Market to Expand with Significant CAGR During 2027

Drug designing tools are software and databases that are used at an early stage of modern drug discovery process. The use of computers and computational tools have permeated all aspects of drug-discovery and have formed essential part of structure-based drug design. Drug discovery and development is tremendous lengthy process involving multiple disciplines such as chemistry, biology, biophysics, structural biology and computational science. Typical drug discovery starts with target identification, lead discovery & optimization, pre-clinical in vitro and in vivo studies involving approximately 12 to 14 years and costs up to US$ 1.2 to 1.4 Bn. However, in silico screening of chemical database has now become the important tool to reduce the time, cost and chances of failure of lead at later stage of development. Computer aided drug designing or in silico drug designing has gained significant momentum in past 3 decades. There are different techniques used in in silico drug designing and including visualization, molecular dynamics simulation, homology, energy minimization tools, molecular docking etc. drug discovery tools can be used in all stages of drug development including discovery pre-clinical and clinical stage. Today all pharmaceutical and biotechnology companies take the advent of drug designing tools to cut down the time and resources required in drug development process and modern drug discovery is almost impossible without the use of computational tools. Thus market for drug designing tools is ever growing with rapid technological advancements developments.

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The primary factor driving the growth of global drug designing tools market is increasing pace of research and development in all verticals of pharmaceutical, biotechnology and life science industries. Moreover, immediate need of medicines to treat chronic diseases such as cancer, diabetes, etc., increasing complexity of drug discovery due to huge amount of biological data, need for simplified ways to handle big data generated during drug discovery process, growing stringency in regulations for animal handling, etc. are some others factors fueling the demand for drug designing tools. The only factors hampering the growth of global drug designing tools market are high cost of such tools and lack of skilled professionals to operate the tools.

The global market for drug designing tools is highly consolidated and very few number of big players constitute 70% the entire market. Development of drug designing tools also require huge investment of time and is thus limited to IT giants.

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Geographically, drug designing tools market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to be the leader in global drug designing tools market owing to increasing pace and capability of research and development. Europe is expected to be the second largest market for drug designing tools. The market in Asia Pacific and Japan is expected to grow at significant CAGR due to increasing academic research activities and growing number of academic institutes. Market in MEA and Eastern Europe is expected to witness sluggish growth over the forecast period.

Some of the major players in the drug designing tools market are Schrödinger LLC, Gaussian Inc., Accelrys, BioSolveIT GmbH, COSMOlogic GmbH & Co., Certara, L.P, PerkinElmer Inc., Simulations Plus, ChemAxon, OpenEye Scientific Software Inc., in silico toxicology gmbh among others.

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This release was published on openPR.