Overview and Scope
Molecular modeling refers to the generation, representation, and/or manipulation of the three-dimensional structures of chemical and biological molecules and the determination of physicochemical attributes that can be used to understand the structural activity relationship (SAR) of the biological molecules. It involves using computer programs and mathematical algorithms to predict and visualize molecules' three-dimensional structure and properties.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
North America was the largest region in the molecular modeling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the molecular modeling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the molecular modeling market report are Thermo Fisher Scientific Inc., BioNTech SE, Dassault Systemes SE, Bruker Corporation, Qiagen N.V., Physiomics plc, SilcsBio LLC, Compugen Ltd., Certara Inc., Schrödinger Inc., Jubilant Biosys Ltd., Simulations Plus Inc. , Genedata AG , Labvantage-Biomax GmbH, Acellera Ltd., Advanced Chemistry Development Inc., Molsoft L.L.C., Nimbus Therapeutics Inc., Crown Bioscience Inc., OTAVA Ltd., Chemical Computing Group, Molport SIA, Optibrium Ltd., BioSolveIT GmbH, Cyclica Inc., Cresset Group, Cyrus Biotechnology Inc., 3D Molecular Designs LLC, Inhibrx Inc., Leadscope Inc.
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
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32. Global Molecular Modeling Market Competitive Benchmarking
33. Global Molecular Modeling Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Molecular Modeling Market
35. Molecular Modeling Market Future Outlook and Potential Analysis
36. Appendix
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