Transparency Market Research finds that recent advancements in drug discovery and development and the growing use of in-silico techniques are the leading factors driving the global chemoinformatics market. In a report titled “Chemoinformatics Market – Global Industry Analysis, Size, Share, Trends and Forecast 2016–2024”, TMR addresses the numerous queries readers may have regarding this emerging market and its prospects over the coming years.
The technique of chemoinformatics finds application in the collection, representation, and evaluation of chemical data, building statistical models, structure prediction, and database designing. It is also extensively used in information handling, molecular modeling, quantitative structure-activity relationship, food science, drug discovery and designing, screening, analytical chemistry, polymers, and material science.
The report studies the global chemoinformatics market on the basis of certain parameters and each of the segments are evaluated in absolute detail to furnish readers with a 360-degree outlook of the overall market. By way of application, the market can be divided into virtual screening, drug discovery, drug analysis and validation, and others. The major end users of chemoinformatics include public organizations, pharmaceutical companies, the chemical industry, and academic and research institutions.
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From a geographical point of view, the chemoinformatics market is classified into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America accounts for a major share in the global market, with Europe not too far behind. The chemoinformatics market in these two regions is driven by technological innovations and expansions, increased investments in research and development activities, high prevalence of lifestyle-associated diseases, and the presence of several leading companies. On the other hand, Asia Pacific holds immense potential for growth in the chemoinformatics market thanks to rising initiatives pertaining to drug research and development. Recognizing the lucrative nature of the APAC market in terms of low labor cost, lower cost of manufacturing, and comparatively lenient regulations, a number of multinational firms are setting up shop in Asia Pacific.
Some of the leading players competing in the global chemoinformatics market are Simulations Plus, Inc., Bio-Rad Laboratories, Inc., PerkinElmer Inc., KNIME.COM AG, OpenEye Scientific, Certara, L.P., Chemical Computing Group, Inc., Agilent Technologies, BIOVIA, Scilligence Cambridge Soft ACX, EPAM Systems, Accelrys Software Inc., The Cambridge Crystallographic Data Centre (CCDC), ChemAxon, Inc., Schrödinger, LLC, and Advanced Chemistry Development, Inc. (ACD/Labs). TMR notes that despite the nascent nature of the chemoinformatics market, there will be a number of well-established players entering this market in due course of time.
The report presents an in-depth evaluation of the most prominent companies in the chemoinformatics market and profiles some of the top names on the basis of key parameters such as company and business overview, financial performance, product portfolio, recent developments, and individual strengths and weaknesses. The study serves as an invaluable database of sharp and practical insights for clients looking to invest in the global chemoinformatics market.
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