Global chemoinformatics market is anticipated to grow at a considerable CAGR of 9.9% during the forecast period (2024-2031). Chemoinformatics plays a significant role in various fields, including materials science and engineering, agrochemical and crop protection, as well as personalized medicine and healthcare. It utilizes computational methods, software tools, and predictive models to support tasks such as molecular design, property prediction, pesticide optimization, toxicity assessment, chemical text mining, literature analysis, and drug response prediction. Furthermore, the market has seen considerable growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance,
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- In June 2023, Vox Biomedical developed an AI-based chemical identification library for volatile organic compounds using GC-DMS and ML-VOX1. The library, called ML-VOX1, aims to improve breath analyzer technology accuracy and streamline the identification process of complex spectral signatures.
- In September 2023, Kode Chemoinformatics introduced FAST, a product focusing on molecular descriptor selection for QSAR modeling. This method, involves three sequential steps, reduces the computational cost and dataset size, making it accessible for testing large sets of solutions on a standard laptop. The quality of each set is calculated in terms of prediction performance through machine learning models.
- In June 2017, ITMO University launched a new Master’s Degree program in Chemoinformatics and Molecular Modeling, focusing on computer-aided drug design, compound prediction, and molecular material work. The program, conducted in collaboration with the University of Strasbourg, allows graduates to continue their education in France.
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Market Coverage
- Segment Covered-
o By Application
o By Product Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o The rest of the World
- Competitive Landscape- Agilent Technologies, Inc., Collaborative Drug Discovery, Inc. Dassault Systèmes S.E., PerkinElmer Inc., Schrödinger, LLC among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Chemoinformatics Market Report Segment
By Application
- Drug Discovery
- Chemical Analysis
- Molecular Modeling
- Regulatory Compliance
- Others(Drug Validation)
By Product Type
- Software
- Services
By End-User
- Pharmaceutical Companies
- Biotechnology Companies
- Contract Research Organizations (CROs)
- Academic & Research Institutes
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