The global chemoinformatics market is expected to grow at a significant CAGR of nearly 15% during the forecast period (2021-2027). The major factors propelling the growth of the global chemoinformatics market include the rising demand for precision medicine and growing innovation in drug development and drug discovery. Chemoinformatics has various applications in drug development including lead generation, lead identification, target identification, potential drug identification, and others.
Chemoinformatics is the application of computer and informational approaches to a variety of chemistry challenges. Chemoinformatics and chemical informatics are other terms for the same thing. Pharmaceutical companies employ these across in silico approaches in the drug discovery process. Chemoinformatics can be used to analyze data in a range of businesses, including paper and pulp, dyes, and other associated industries. The storage of information about compounds is the most common application of chemoinformatics. In addition, chemoinformatics includes quantitative structure-activity relationship (QSAR) analysis.
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The major players contributing to the growth of the market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships and collaborations include Dassault Systemes SE, Agilent Technologies, Bio-Rad Laboratories Inc., BioSolveIT GmbH, ChemAxon Ltd, among others. In August 2019, The National University of Singapore (NUS), Agilent Technologies, National University Hospital (NUH), have established Singapore’s first integrated translational R&D hub that accelerates biochemical innovation and research data analytics for the development of new methods of translating clinical research into clinical diagnostics. These kinds of initiatives are further expected to accelerate market growth.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Application
- Competitive Landscape- Dassault Systemes SE, Agilent Technologies, Bio-Rad Laboratories Inc., BioSolveIT GmbH, ChemAxon Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Chemoinformatics Market – Segmentation
By Application
- Chemical Analysis
o Chemical Databases
o Chemo Metrics
o Molecular Modelling
o Other Chemical Analyses
- Drug Discovery and Validation
- Virtual Screening
- Other Applications
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