Overview and Scope
Chemoinformatic refers to an emerging area of information technology that concentrates on the gathering, storing, analyzing, and manipulating of chemical data. It is further used to analyse the association between the target molecular activity, chemical characteristics, and structure.
Sizing and Forecast
The chemoinformatics market size has grown steadily in recent years. It will grow from <b>$4.28 billion in 2023 to $4.4 billion in 2024 at a compound annual growth rate (CAGR) of 2.8%. </b> The growth in the historic period can be attributed to high throughput screening (hts), data availability, drug discovery efficiency, personalized medicine, artificial intelligence (ai) and machine learning.
The chemoinformatics market size is expected to see steady growth in the next few years. It will grow to <b>$4.94 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. </b> The growth in the forecast period can be attributed to biological data integration, structural biology, data management and security, regulatory compliance, drug discovery efficiency. Major trends in the forecast period include high-throughput screening, structural biology integration, biological data mining, virtual chemical libraries, personalized medicine.
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Segmentation & Regional Insights
The chemoinformatics market covered in this report is segmented –
1) By Type: Chemistry, Computer Science, Information Science
2) By Application: Chemical Analysis, Drug Discovery and Validation, Virtual Screening, Other Applications
3) By End User: Chemical and Pharmaceutical Industries, Research and Academic Institution, Other End Users
<b>North America</b> was the largest region in the chemoinformatics market in 2023. <b>Asia-Pacific </b>is expected to be the fastest-growing region in the forecast period. The regions covered in the chemoinformatics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The surging prevalence of chronic diseases is expected to propel the growth of the chemoinformatic market going forward. Chronic diseases refer to illnesses that last a year or longer and require ongoing medical attention. The rising number of chronic diseases such as neglected tropical diseases demands the need for new drug discoveries and the search for novel chemicals for their treatment, for which chemoinformatic is used. For instance, according to the World Health Organization, a Switzerland-based organization for international public health, between 2020 and 2030, 500 million people are expected to develop chronic diseases such as obesity, diabetes, heart diseases, or other noncommunicable diseases (NCDs) due to physical inactivity, if governments globally do no take immediate action to promote exercises. Therefore, the surging prevalence of chronic diseases is driving the demand for the chemoinformatic market.
Key Industry Players
Major companies operating in the chemoinformatics market include <b> ChemAxon Ltd., Jubilant Biosys Inc., BIOVIA, OpenEye Scientific Software Inc., Schrödinger Inc., Advanced Chemistry Development Inc, Scilligence Corporation, Dassault Systemes SE, Chemical Computing Group Inc, Collaborative Drug Discovery Inc., UVJ Technologies, Golden Helix Inc., KNIME.COM Aktiengesellschaft, Simulations Plus Inc., Agilent Technologies Inc., Cambridgesoft Corp., Bio-Rad Laboratories Inc., Molecular Discovery Ltd., Optibrium Ltd., Cresset Group Ltd., Dotmatics Ltd., Genedata AG, Inte:Ligand GmbH, MolPort Inc., PerkinElmer Inc., Cheminformatics LLC, Chemspace, InfoChem GmbH, Molecular Networks GmbH, VLife Sciences Technologies Pvt. Ltd., Xemistry GmbH, Cheminnovation Software Inc. </b>
The chemoinformatics market report table of contents includes:
1. Executive Summary
2.Chemoinformatics Market Characteristics
3.Chemoinformatics Market Trends And Strategies
4.Chemoinformatics Market analysis
5.Chemoinformatics Market Size And Growth
6.Chemoinformatics Segmentation
7.Chemoinformatics Regional And Country Analysis
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27.Chemoinformatics Competitive Landscape And Company Profiles
28.Chemoinformatics Key Mergers And Acquisitions
29.Chemoinformatics Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- ChemAxon Ltd.
- Jubilant Biosys Inc.
- BIOVIA
- OpenEye Scientific Software Inc.
- Schrödinger Inc.
- Advanced Chemistry Development Inc
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