About Computational Medicine and Drug Discovery Software
Computational medicine and drug discovery software automate the process involved in the development of quantitative approaches and mechanisms in diagnosis, treatment, and creating new drugs for treatment. The software helps in the application of computational science in the synthesis, screening, and practicing therapeutic efficiency. With this success of discovering the therapeutic efficacy and screening the further drug development process is carried out before the clinical trials. The software utilizes all the innovative technology to shorten drug development testing and selling in the market.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
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.
Entelos, Inc. (Rosa & Co. LLC) (United States), Genedata (Switzerland), Crown Bioscience, Inc. (United States), Biognos AB (Sweden), Chemical Computing Group (Canada), Quantum Benchmark (Canada), Leadscope, Inc. (United States), Nimbus Therapeutics Inc. (United States), Rhenovia Pharma (France), Schrodinger Inc. (United States), Compugen Inc. (Canada) and Dassault Systemes SE (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Computational Medicine and Drug Discovery Software market by Type (Database, Software and Others), Application (Computational Physiological Medicine, Drug Discovery And Development, Medical Imaging, Disease Modeling, Predictive Analysis Of Drug Targets, Cellular Simulation and Simulation Software) and Region.
On the basis of geography, the market of Computational Medicine and Drug Discovery Software has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Poland, Norway, Austria, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Computational Medicine and Drug Discovery Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Laboratories will boost the Computational Medicine and Drug Discovery Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Computational Medicine and Drug Discovery Software in the Screening, Predictive Analysis, and in Discovering the Computational Capabilities
Market Growth Drivers:
Emerging New Human Diseases Around the World and Need for Automation in Treatment and Diagnosis of the Disease
Challenges:
Technological Problems with the Computational Medicine and Drug Discovery Software
Restraints:
Regulatory Compliances with Technological Problems with the Computational Medicine and Drug Discovery Software
Opportunities:
Growing Research and Development in the Drug Discovery and Computation Medicine and Technological Advancement in the Computational Medicine and Drug Discovery Software
Market Leaders and their expansionary development strategies
On 25th March 2020, Fujitsu Laboratories Ltd., and Quantum Benchmark Inc. of Canada announced that they will conduct joint research on quantum algorithms using Quantum Benchmark's error suppression technology as they aim to advance the capabilities of current generation quantum computing platforms. Quantum Benchmark, is the leading provider of software solutions for error characterization, error suppression, and performance validation for quantum computing hardware.
On 29th January 2020, Schrödinger Transforming Drug Discovery with GPU-Powered Platform. The company expands the evaluation of chemical compounds from thousands to billions. the New York-based developer of a physics-based software platform designed to model and compute the properties of novel molecules for the pharma and materials industries.
Key Target Audience
Computational Medicine and Drug Discovery Software Developers, Computational Medicine and Drug Discovery Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
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.