What is the Projected Market Size and Growth of the Global Chemoinformatics Market?
The chemoinformatics market size has experienced moderate growth in recent years. It is projected to rise from $4.29 billion in 2024 to $4.36 billion in 2025 at a compound annual growth rate (CAGR) of 1.6%. Factors attributing to the growth include high throughput screening, increased accessibility to data, efficiency in drug discovery, personalized medicine, and the introduction of artificial intelligence and machine learning.
The chemoinformatics market size is expected to maintain its steady growth, predicted to reach $5.21 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth can be credited to significant improvements in biological data integration, structural biology, data management and security, regulatory compliance, and drug discovery efficiency. Trending advancements during the forecast period include high-throughput screening, structural biology integration, biological data mining, virtual chemical libraries, and personalized medicine.
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What are the Key Drivers of the Chemoinformatics Market?
Anticipated growth in the chemoinformatics market is largely driven by the escalating prevalence of chronic diseases. Chronic illnesses, lasting a year or longer requiring continuous medical attention, have experienced a surge in recent years. As the number of chronic diseases like neglected tropical diseases increase, the demand for new drug discoveries and novel chemicals for treatment, where chemoinformatic is heavily utilized, also grows. For instance, according to the World Health Organization, 500 million people are expected to develop chronic and noncommunicable diseases such as obesity, diabetes, and heart diseases, from 2020 to 2030 due to physical inactivity, further driving the demand for chemoinformatics.
How is the Global Chemoinformatics Market Segmented?
The chemoinformatics market is segmented as follows:
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
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Who are the Major Players in the Chemoinformatics Market?
Key companies operating in the chemoinformatics market include 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 among others.
What Trends are Influencing the Chemoinformatics Market?
Innovative technological advancements are a crucial trend in the chemoinformatics market. Key companies are actively developing advanced software and platforms to remain competitive. For instance, in March 2023, NVIDIA Corporation launched the BioNeMo Cloud service, a platform for generative AI models and drug development. This service supports companies like AstraZeneca and Evozyne in developing forward-thinking protein designs, contributing to quicker advancements in therapeutic solutions by reducing time and cost associated with traditional methods.
What Regions are Growing the Fastest in the Chemoinformatics Market?
In 2024, North America held the largest market share in the chemoinformatics industry. Asia-Pacific is projected to be the fastest-growing region during the forecast period. Additionally, the chemoinformatics market report covers other regions such as Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Chemoinformatics Market Report 2025 Offer?
Chemoinformatics focuses on compiling, storing, analyzing, and manipulating chemical data. It analyzes the relationship between molecular activity, chemical properties, and structure. The Chemoinformatics Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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