Molecular Modeling Market Size and Forecast 2024-2033|Thermo Fisher Scientific Inc., BioNTech SE, Dassault Systemes SE, Bruker Corporation, Qiagen N.V.

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The Molecular Modeling Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Molecular Modeling Global Market Report 2024, The molecular modeling market size has grown rapidly in recent years. It will grow from $7.15 billion in 2023 to $8.25 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to computational chemistry and molecular dynamics, early environmental and sustainability applications, enhanced visualization tools, increased use in enzyme and protein engineering, development of biomolecular modeling techniques.

The molecular modeling market size is expected to see rapid growth in the next few years. It will grow to $14.65 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to integration of ai and machine learning algorithms, rise in drug discovery and development needs, expanding applications in material science, precision medicine and personalized treatment approaches, increasing utilization in virtual screening.. Major trends in the forecast period include advancements in computational power, ai and machine learning integration, growth in drug discovery and development, expansion in material science applications, focus on predictive medicine.

The increasing drug development is expected to propel the growth of the molecular modeling market going forward. Drug development refers to discovering, designing, testing, and bringing new pharmaceutical compounds or medical treatments from the initial concept stage to regulatory approval and eventual market introduction. Molecular modeling plays a crucial role in various stages of drug development as it helps understand molecular interactions and evaluate the protein-ligand complex stability, functional reliability, and drug efficacy. For instance, in June 2023, according to the Accessibility Standards Canada, a Canada-based federal institution, there were 9,000 novel medications undergoing clinical trials in 2022, which is a notable increase from the approximately 8,500 drugs undergoing trials in 2021. Therefore, the increasing drug development is driving the growth of the molecular modeling market.

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The molecular modeling market covered in this report is segmented –

1) By Product: Software, Services

2) By Approach: Molecular Mechanics Approach, Quantum Chemistry Approach

3) By Application: Drug Development, Drug Discovery, Other Applications

4) By End-User: Pharmaceutical And Biotechnology Companies, Research Centers And Academic Institutions, Other End Users

Major companies operating in the molecular modeling market are innovating new technologies, such as molecular modeling platforms, to meet the needs of existing consumers better. A molecular modeling platform is a software suite that provides tools for the visualization, simulation, and analysis of molecules. For instance, in August 2023, Cresset Group, a UK-based provider of drug discovery solutions, launched Flare V7, a cutting-edge drug design platform. Flare V7 seamlessly integrates the power of ligand and structure-based approaches to promote more effective small-molecule discovery. This represents a substantial advancement in molecular modeling. It is equipped with ensemble docking, reinforcement of Quantum Mechanics (QM) and Quantitative Structure-Activity Relationship (QSAR) methodologies, and a variety of tools to make Flare FEP experiment troubleshooting, examination of dynamics trajectories, and preparation of ligand structures for in-depth studies easier.

The molecular modeling market report table of contents includes:

1. Executive Summary

2. Molecular Modeling Market Characteristics

3. Molecular Modeling Market Trends And Strategies

4. Molecular Modeling Market – Macro Economic Scenario

5. Global Molecular Modeling Market Size and Growth

26. South America Molecular Modeling Market

27. Brazil Molecular Modeling Market

28. Middle East Molecular Modeling Market

29. Africa Molecular Modeling Market

30. Molecular Modeling Market Competitive Landscape And Company Profiles

Top Major Players: