Industry Background:
Drug modeling software is used in developing and modeling pharmaceutical drugs, it helps in providing effectiveness in drug discovery and treating a particular disease. This software automates the whole process of drug discovery including modeling, development, testing, etc as it uses innovative technology. It analyses the molecular modeling of genes, gene expressions, analyses the sequence and 3D structure of proteins. It is widely used by researchers and scientists in research institutes and laboratories.This growth is primarily driven by Growing Research and Development in Drug Discovery
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Internet Software & Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Dassault Systemes (BIOVIA) (United States), AutoDock (Germany), Schrodinger, Inc. (United States), ArgusLab (United States), Crown Bioscience Inc. (United States), Nimbus Therapeutics, LLC (United States), Genedata AG (Switzerland), Acellera (Spain), Leadscope, Inc. (United States) and Certara, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 6th August 2020, Dassault Systemes Partners in Drug Discovery Hackathon 2020. DDH2020 aims to establish an open innovation model for in silico drug discovery against COVID-19. Dassault Systèmes will offer access to BIOVIA Discovery Studio to hackathon participants. Partnership is part of the company’s commitment to empowering Life Sciences companies and the broader healthcare ecosystem in the fight against the virus.
On 24th June 2020, Certara, Inc., the global leader in biosimulation, announced the launch of version 8.3 of its Phoenix platform, the industry gold standard in pharmacokinetic/ pharmacodynamic (PK/PD) and toxicokinetic modeling and simulation software. Version 8.3 delivers new features to drive efficiencies and quality and save valuable time. and On 8th January 2020, Schrodinger and Bayer Collaborate to Co-Develop de novo Design Technology to Accelerate Drug Discovery. The technology is expected to be capable of enumerating, screening, and scoring billions of synthetically feasible, virtual compounds supporting the identification and optimization of potential new therapeutic candidates.
Influencing Trend:
Increasing Use of Drug Modeling Software in Laboratories and Research Institutes
Market Growth Drivers:
Growing Research and Development in Drug Discovery and Demand for Automation in the Drug Chemistry for Effective Results
Challenges:
Problems with Unexpected Network Connectivity
Restraints:
Requirements of Professional Skills in Drug Modeling Software and Regulatory Compliance with Drug Modeling Software
Opportunities:
Technological Upgradation in Drug Modeling Software and Integration of Artificial Intelligence in Drug Modeling Software
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Drug Modeling Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Drug Modeling Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Drug Modeling Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Drug Modeling Software Study Sheds Light on
The Drug Modeling Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Drug Modeling Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Drug Modeling Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.