Molecular Modelling Market is expected tom

Tushar Desale
Tushar Desale 10/22/2018 9:12:25 AM

Molecular Modelling Market is expected to reach USD 893.1
million by 2023 at a CAGR of 15.46% from 2018 to 2023

ReportBazzar has released its latest research-based report entitled ‘Molecular Modelling market.

Molecular modelling, as the name itself suggests, is concerned with molecules, their calculations, and predictions with respect to the research field. Molecular modelling can also be stated as an analysis of the ways to mimic the behaviour of molecules and molecular systems. Currently, molecular modelling is invariably associated with computer modelling, where computational biology techniques are involved. These molecular modelling techniques are widely used in the chemical and pharmaceutical industry. Molecular modelling plays a crucial role in drug discovery.

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Molecular modelling has developed as a valuable and essential tool in various healthcare applications such as drug designing, drug development, and drug discovery processes. Molecular modelling describes the generation, manipulation, or representation of three-dimensional structures of molecules and associated physicochemical properties. The growth of the global molecular modelling market is attributed to the increasing investments in research and development by pharmaceutical and biotechnology companies, technological advancements in drug design, and increasing prevalence of various chronic diseases which increases the demand for drug development. However, the high cost of research and development is restraining the growth of the market.

Molecular modelling is a powerful technique in drug designing. The development of new drugs with possible therapeutic applications is one of the most difficult processes in the pharmaceutical industry. In drug designing and discovery, both computational and experimental techniques play important roles and represent complementary approaches. However, molecular modelling is safe and easy to use tool, which helps in investigating, interpreting, explaining, and identifying molecular properties using three-dimensional structures. During drug designing, molecular modelling tries to predict the structure of the intermolecular complex formed between two or more constituent molecules.

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The global molecular modelling market is segmented based on the basis of product, application, end-user, and region.

Based on product, the market is further segmented into software and services.

Based on application, the market is segmented into drug development, drug discovery, and others.

Based on end-user, the market is segmented into pharmaceutical and biotechnological companies, research centres and academic institutions, and others.

The global molecular modelling market was valued at USD 377 million in 2017 and is expected to register a CAGR of 15.46% from 2018 to 2023.

Key Players

Simulations Plus, Inc., Chemical Computing Group, Certara, L.P, OpenEye Scientific Software, Dassault Systèmes, Cambridge Crystallographic Data Centre, Cresset, Acellera Ltd., Schrödinger, LLC, Optibrium, BioSolve-IT, and others

Key Findings

The global Molecular Modelling Market is expected to reach USD 893.1 million by 2023 at a CAGR of 15.46% from 2018 to 2023

  • Based on product, software accounted for the largest market share of 63.1% in the year 2017 and was valued at USD 237.79 million in the same year

  • Based on application, drug discovery accounted for the largest market share of 58.0% in 2017

  • The Americas holds the largest share of the global molecular modelling market which is expected to reach USD 470.6 million by 2023

  • Asia-Pacific is the fastest growing market, which is expected to register a CAGR of 14.65% from 2018 to 2023

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Tushar Desale
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Tushar Desale

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