About Chemoinformatics
Chemoinformatics is defined as the application of computer and information techniques applied to a range of problems in the field of chemistry to develop and process chemical data. It also involves the study of chemical structures using computational tools and methods. It designs, organizes, analyse and visualize the data which is required for pharmaceutical and biotechnology research. Chemoinformatics is being widely utilized in drug discovery and designing, screening, information handling, molecular modelling, analytical chemistry, quantitative structure-activity relationship and are also in polymers material science and food science.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The biotechnology industry, pharmaceutical firms, academic institutions, research labs, and institutes of higher learning have all seen a considerable increase in the global chemoinformatics market. As a result, it is anticipated that the chemoinformatics market may see an influx of well-known firms over time. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Chemoinformatics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dassault Systemes (France), Bio-rad Laboratories Inc. (United States), Agilent Technologies (United States), Cerep Inc. (United States), BioSolveIT GmbH (Germany), Jubilant Biosys Inc. (India), Molecular Discovery Ltd (United Kingdom) and ChemAxon Inc. (Hungary) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are OpenEye Scientific Software (United States) and Chemical Computing Group Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Chemoinformatics market by , Application (Chemical Analysis, Drug Discovery, Drug Validation and Other Applications) and Region.
On the basis of geography, the market of Chemoinformatics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Influencing Trend:
Increasing Investments in R&D and the Relatively Low Success Rate of the Potential Leads as Drug Molecules
Market Growth Drivers:
Growing Occurrence and Incidence of Chronic Disease in the Global Population, Innovations and Advancements in the Drug Development Process and Shifting Focus towards the Effective Management of Data which is Gathered During Molecular and Atomic Reactions
Challenges:
Lack of Skilled Labor
Restraints:
High Cost Associated with Chemoinformatics Software
Opportunities:
Various Technological And Medication Developments In The Healthcare Industry and Emerging Market Provides Numerous Growth Opportunity
In June 2023, Vox Biomedical announced that it has received a program from the National Institute of General Medical Sciences (NIGMS) to develop an artificial intelligence based chemical identification library, for the identification of volatile organic compounds (VOCs), using a gas chromatography and differential mobility spectrometry (GC-DMS) technique.
Key Target Audience
Chemoinformatics Product Providers, Chemoinformatics Service Providers, Pharmaceutical Companies, Research Organizations, Government Agencies, Potential Investors and Educational Institutions
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.