Dublin, Nov. 09, 2022 (GLOBE NEWSWIRE) — The report “Global Computing Computing Market by Application, End User, Company and Region: Competition Forecast and Opportunities to 2027” has been added to from ResearchAndMarkets.com offer.
The global computer computing market is expected to witness impressive growth during the forecast period. Major factors such as growing awareness of personalized medicine combined with unsustainable chronic disease liability propel the growth of the global IT market.
Additionally, due to people’s awareness of personalized drugs, a sudden increase in the use of layered drugs has had a positive influence on the cheminformatics market.
Additionally, the other factors that are driving the growth of the market are increasing investments in research and development to validate potential drug candidates and efficiently exploit the data generated during molecular and atomic reactions. Advances in the process of new drug discovery are a contributing factor to the growth of the market as they help design targeted drugs that help advance public health and care.
Raising Awareness About Personalized Medicines
Rising awareness of personalized medicines and surge in chronic diseases is driving the growth of the Cheminformatics market globally. Nowadays, people are aware of these precision medicines through various initiatives such as the European Cancer Patient Coalition (ECPC) launched a campaign in 2018 to raise awareness about personalized medicines and their function. Therefore, owing to the rising awareness among the people, the demand for personalized medicine is expected to have a positive impact on the Cheminformatics market.
Design and developments
Cheminformatics is mainly concerned with the discovery of new drugs that help in treating various diseases without any side effects, propelling the growth of the global cheminformatics market. When these drugs are synthesized, a large amount of data is produced, which results in the design of a new drug molecule. In addition, major market players are combining innovative information storage and retrieval technologies in cheminformatics.
Also, advancements in the drug development process have boosted the growth of the market as various modern drug development techniques are used in place of the traditional method of drug discovery. For example, in silico techniques are used instead of traditional animal experimentation models because this technique makes it possible to predict toxicity and assess the risk associated with it. Hence, these technological advancements and developments will enhance the growth of the global cheminformatics market in the coming years.
Increase Investments to Drive Cheminformatics Market
Various investments in research and development (R&D) projects are being made, which also fuels the demand for chemoinformatics to validate potential drug candidates and efficiently exploit the data generated during molecular reactions. For example, in 2020, research and development spending by pharmaceutical companies in the United States was $91.1 billion.
The global IT computing market is segmented into application, end user, company, and region. Based on application, the market is divided into chemical analysis, drug discovery and validation, virtual screening, and others. Based on end-user, the market is divided into chemical and pharmaceutical companies, academic and research institutions, etc.
In terms of countries, the United States is expected to be a lucrative market over the forecast period as the government invests in R&D initiatives and technology expansions in the country.
Agilent Technologies Inc., Bio-Rad Laboratories Inc., PerkinElmer NC., Accelrys Software Inc., Chemical Computing Group, Inc., Certara, LP, Advanced Chemistry Development, Inc. (ACD/Labs), BioSolveIT GmbH, BIOVIA (Dassault Systems), ChemAxon Inc., Eurofins CEREP SA (Eurofins Panlabs Inc.), Jubilant Biosys Inc., Molecular Discovery Ltd., OpenEye Scientific Software Inc., Schrodinger Inc. are the major players operating in the chemoinformatics market.
Main topics covered:
1. Product introduction
2. Research methodology
3. Executive Summary
4. Impact of COVID-19 on the Global Chemoinformatics Market
5. Voice of the customer
6. Global Chemoinformatics Market Outlook
6.1. Market size and forecast
6.1.1. By value
6.2. Market share and forecasts
6.2.1. By Application (Chemical Analysis, Drug Discovery & Validation, Virtual Screening, Others)
6.2.2. By end user (chemical and pharmaceutical companies, academic and research institutions, others)
6.2.3. By company (2021)
6.2.4. By region
6.3. Commodity Market Map
7. North America IT Market Outlook
8. Europe IT Market Outlook
9. Asia-Pacific IT Market Outlook
10. South America IT Market Outlook
11. Middle East & Africa IT Market Outlook
12. Market dynamics
13. Market trends and developments
14. Competitive Landscape
14.1. Agilent Technologies Inc.
14.2. Bio-Rad Laboratories Inc.
14.3. PerkinElmer, Inc.
14.4. Accelrys Software Inc.
14.5. Chemical Computing Group, Inc.
14.6. Certara, LP
14.7. Advanced Chemistry Development, Inc. (ACD/Laboratories)
14.8. BioSolveIT GmbH
14.9. BIOVIA (Dassault Systems)
14.10. ChemAxon Inc.
14.11. Eurofins CEREP SA (Eurofins Panlabs Inc.)
14.12. Jubilant Biosys Inc.
14.13. Molecular Discovery Ltd.
14.14. OpenEye Scientific Software Inc.
14.15. Schrodinger Inc.
15. Strategic Recommendations
For more information about this report, visit https://www.researchandmarkets.com/r/yzfm67