What is Computational medicine & drug discovery software Market?
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.
The market study is being classified by Type (Database, Software and Others), by Application (Computational Physiological Medicine, Drug Discovery and Development, Medical Imaging, Disease Modelling, Predictive Analysis of Drug Targets and Cellular Simulation and Simulation Software) and major geographies with country level break-up.
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 profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Computational medicine & drug discovery software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Computational medicine & drug discovery software market by Type, Application and Region.
On the basis of geography, the market of Computational medicine & drug discovery software 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Emerging New Human Diseases Around the World
- Need for Automation in Treatment and Diagnosis of the Disease
Market Trend
- Increasing Use of Computational Medicine and Drug Discovery
- Software in the Screening, Predictive Analysis, and in Discovering the Computational Capabilities
Restraints
- Regulatory Compliances with Technological
- High Cost of the Software
Opportunities
- Regulatory Compliances with Technological
- High Cost of the Software
Challenges
- Regulatory Compliances with Technological
- High Cost of the Software
Market Leaders and some 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 the 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
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Computational medicine & drug discovery software, Venture Capitalists and Private Equity Firms and End-Use Industry