Computational Medicine and Drug Discovery Software Market: Global Industry Analysis and Forecast (2021-2029)

Computational Medicine and Drug Discovery Software Market was valued at US$ 750 Mn. in 2021. Global Computational Medicine and Drug Discovery Software Market size is expected to grow at a CAGR of 3.7 % through the forecast period. Computational Medicine and Drug Discovery Software Market Overview: Computational Medicine and Drug Discovery Software Market Overview: Learning more about the diagnosis, process, and treatment of human disease is the goal of a new discipline called computational medicine and drug discovery software. The term "drug discovery" refers to the process of finding new medicines. Additionally, computational medicine helps in the identification of genetic defects, which helps in the identification of illness causes. Computational medicine and drug discovery tools enable the realization of protein-protein interactions as well as protein-ligand interactions, facilitating the identification of therapeutic targets. The Computational Medicine and Drug Discovery Software market is expected to be driven by rising trends in the use of tailored medications, improvements in information technology, and the introduction of quick and dependable computer technologies. Computational Medicine and Drug Discovery Software Market To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis especially with the impact of lockdown by region.

Computational Medicine and Drug Discovery Software Market Dynamics:

Market Drivers: The market for computational medicine and drug discovery software is growing as a result of the rising popularity of personalized medicine, the development of information technology, the introduction of speedy and precise computational platforms, and other factors. Utilizing computational and analytical methods to collect and comprehend biological data is known as bioinformatics. Modern biology and medicine depend on it for data management, which raises the demand for bioinformatics. The software establishes a rational and objective drug attractiveness index, which aids in making the public aware of the advantages of bioinformatics in gene expression and drug development. The development of software applications for straightforward analysis and the growth of the computational medicine and drug discovery software markets are both products of the evolution of bioinformatics, which has been a labor of love. Computer networks were built as a result, enabling simple access to biological data. Market Restraints: During the drug approval process, regulatory agencies' chief priorities are safety and efficacy. Although these strategies aid in ensuring the quality of products introduced to the market, they significantly raise the price of developing new drugs and the cost of the finished product. This aspect has a considerable impact on the uptake of a certain treatment in emerging markets that are price sensitive. In addition, a number of laws that guarantee the quality of the product (such as GMP) frequently raise the cost of manufacturing. As a result, the computational medicine and drug discovery software market are hampered. Market Opportunities: The time required for drug research and development has significantly decreased as a result of information technology advancements and the introduction of quick and precise computational platforms. This probably continues to be a market growth driver. Additionally, the market for computational medicine and drug discovery software continues to see growth due to the advancement of bioinformatics in drug discovery, the development of three-dimensional drug discovery techniques, and the prevalence of drug discovery failure in the final stages. Increased participation in research from organizations in different parts of the world, along with rising demand for biotech products, encourages a good outlook for the market. Market Challenges: Between experts, there is a sizable knowledge gap about the utilization of various software tools for drug discovery. Because researchers are not trained in digital tools and methodologies, many academic stages lack the use of software tools. Many users, especially those with weak computer skills, dislike manual interventions and protracted installation times. The expansion of the Computational Medicine and Drug Discovery Software Market is hampered by the fact that many researchers in the life sciences and medicine lack sufficient computational understanding and is unable to perform manual treatments.

Computational Medicine and Drug Discovery Software Market Segment Analysis:

Based on Product Type, the software segment held the xx% of market share in 2021. The program uses cutting-edge technologies to accelerate the testing and market introduction of new drugs. It aids in improving image quality and is expected to speed up the otherwise time-consuming process of doctors forecasting illnesses. During the forecast period, the database segment is expected to increase at the second-fastest CAGR. The database aids in electronically delivering well-structured information. Database suppliers have a great chance to enter these high-potential markets by developing new products that run on cloud and mobile platforms. Due to the engagement of numerous stakeholders and numerous functional departments inside organizations in the research process, where everyone access and utilize the data as needed, the use of cloud data access has increased in popularity. For illustration, the FDA has been provided to the organization. The FDA's post-market drug and therapeutic biologic product safety program, which is driving the market for computational medicine and drug discovery tools, is supposed to help the database. Based on the Application, the drug discovery & development segment held the xx% of share in 2021. New medications are discovered as a result of the drug development process. The investigation of chemical libraries, such as minute chemicals, natural products, or plant extracts, uses conventional pharmacology. Reverse pharmacology, which is employed in testing to find treatments for existing illnesses, has been possible by the sequencing of human DNA. Disease mechanisms, molecular compound assays, currently used medications with surprising adverse effects, and new technology all help in the drug discovery process. Drug discovery and development include the following steps: screening hits, medicinal chemistry, and optimization of hits to reduce potential adverse effects by increasing affinity and selectivity. Drug development is a labor and time-intensive process that is also dangerous, which is causing the sector expansion. The second-fastest CAGR is expected for the Predictive Analysis of Drug Targets throughout the forecast period. In the market for medication repurposing, drug-target interaction prediction has become a crucial technique. Numerous researchers were able to create various computational techniques for figuring out unidentified interactions between medication targets that are fueling sector expansion thanks to the availability of heterogeneous biological data on known drug-target interactions. Computational Medicine and Drug Discovery Software Market

Computational Medicine and Drug Discovery Software Market Regional Insights:

The North America region dominated the market with XX % share in 2021. The North America region is expected to witness significant growth at a CAGR of XX% through the forecast period. Owing to the desire for personalized medicine, their value in drug development, and rising research and development costs. The demand for drug discovery research increased as there were more ailments in the United States. As a result of this rise in research, the fields of bioinformatics and customized medical development have grown quickly. The market is likewise being driven by this in turn. The number of pharmaceutical firms and their investments in diverse technologies are both increasing in the United States. According to MMR finding estimate from Seedscientific, there were 2,946 biotech companies operating in the United States. This is helping the region to hold a significant share of the regional market for computational medicine and drug discovery. During the forecast period, Asia-Pacific is expected to experience the fastest growth. For doing research in the fields of bioinformatics and computational medicine, the area is supporting numerous conceptualized project ideas. Given the significance, a number of projects, in particular those focusing on cancer, tuberculosis and pulmonary diseases, diabetic & cardiovascular diseases, neurological disorders, and methods/drug development, are receiving funding, which is what propels the market for computational medicine and drug discovery software market. The GDP of the major Asian Pacific nations is increasing quickly. The Asia Pacific telematics in heavy equipment market is expected to be driven by the significant adoption rate of telematics in heavy equipment with various advanced wireless connectivity options, including M2M connectivity, 3G and 4G network, GPS, and Bluetooth across countries, namely China, India, and Japan. To offer integrated solutions to the end-users, heavy equipment manufacturers and telematics service providers are working together. India is expected to experience the highest CAGR growth among the Asia Pacific nations throughout the forecast period due to the country's increasing use of mobile devices and sensors from Advanced Driver Assistance Systems (ADAS). In China and the Asia Pacific region, the construction sector is anticipated to have the biggest market share. The GCC countries, which were followed by South Africa in terms of market share in the Middle East and Africa, did so as a result of infrastructure growth and the rapid development of wireless communication technologies. The objective of the report is to present a comprehensive analysis of the Global Computational Medicine and Drug Discovery Software Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Computational Medicine and Drug Discovery Software Market dynamic, structure by analyzing the market segments and projecting the Computational Medicine and Drug Discovery Software Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Computational Medicine and Drug Discovery Software Market make the report investor’s guide.

Computational Medicine and Drug Discovery Software Market Scope: Inquire before buying

Global Computational Medicine and Drug Discovery Software Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 750 Mn.
Forecast Period 2022 to 2029 CAGR: 3.7% Market Size in 2029: US$  1,002.98 Mn.
Segments Covered: by Product type • Database • Software
by Application • Drug Discovery And Development • Computational Physiological Medicine • Disease Modeling • Medical Imaging • Predictive Analysis Of Drug Targets • Simulation Software • Cellular Simulation

Computational Medicine and Drug Discovery Software Market by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Computational Medicine and Drug Discovery Software Market Key Players

• Entelos Inc • Crown Bioscience Inc • Chemical Computing Group Inc • Nimbus Therapeutics Inc • Schrodinger Llc • Dassault Systemes • Genedata Ag • Biognos Ab • Leadscope Inc • Rhenovia Pharma Limited • Compugen • Instem PLC • Roche • Certara Lp • Acellera ltd. • Quantum Benchmark Frequently Asked Questions: 1] What segments are covered in the Global Computational Medicine and Drug Discovery Software Market report? Ans. The segments covered in the Computational Medicine and Drug Discovery Software Market report are based on Product Type and Application. 2] Which region is expected to hold the highest share in the Global Computational Medicine and Drug Discovery Software Market? Ans. The North America region is expected to hold the highest share in the Computational Medicine and Drug Discovery Software Market. 3] What is the market size of the Global Computational Medicine and Drug Discovery Software Market by 2029? Ans. The market size of the Computational Medicine and Drug Discovery Software Market by 2029 is expected to reach US$ 1,002.98 Mn. 4] What is the forecast period for the Global Computational Medicine and Drug Discovery Software Market? Ans. The forecast period for the Computational Medicine and Drug Discovery Software Market is 2022-2029. 5] What was the market size of the Global Computational Medicine and Drug Discovery Software Market in 2021? Ans. The market size of the Computational Medicine and Drug Discovery Software Market in 2021 was valued at US$ 750 Mn.
1. Computational Medicine and Drug Discovery Software Market: Research Methodology 2. Computational Medicine and Drug Discovery Software Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Computational Medicine and Drug Discovery Software Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Computational Medicine and Drug Discovery Software Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Computational Medicine and Drug Discovery Software Market Segmentation 4.1. Computational Medicine and Drug Discovery Software Market, by Product Type (2022-2029) • Database • Software 4.2. Computational Medicine and Drug Discovery Software Market, by Application (2022-2029) • Drug Discovery And Development • Computational Physiological Medicine • Disease Modeling • Medical Imaging • Predictive Analysis Of Drug Targets • Simulation Software • Cellular Simulation 5. North America Software-Defined Networking and Network Function Virtualization Market(2022-2029) 5.1 North American Software-Defined Networking and Network Function Virtualization Market, By Product Type (2022-2029) • Database • Software 5.2 North America Software-Defined Networking and Network Function Virtualization Market, By Application (2022-2029) • Drug Discovery And Development • Computational Physiological Medicine • Disease Modeling • Medical Imaging • Predictive Analysis Of Drug Targets • Simulation Software • Cellular Simulation 5.3 North America Software-Defined Networking and Network Function Virtualization Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Software-Defined Networking and Network Function Virtualization Market (2022-2029) 6.1. European Software-Defined Networking and Network Function Virtualization Market, By Product Type (2022-2029) 6.2. European Software-Defined Networking and Network Function Virtualization Market, By Application (2022-2029) 6.3 European Software-Defined Networking and Network Function Virtualization Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Software-Defined Networking and Network Function Virtualization Market (2022-2029) 7.1. Asia Pacific Software-Defined Networking and Network Function Virtualization Market, By Product Type (2022-2029) 7.2. Asia Pacific Software-Defined Networking and Network Function Virtualization Market, By Application (2022-2029) 7.3. Asia Pacific Software-Defined Networking and Network Function Virtualization Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Software-Defined Networking and Network Function Virtualization Market (2022-2029) 8.1. Middle East and Africa Software-Defined Networking and Network Function Virtualization Market, By Product Type (2022-2029) 8.2. Middle East and Africa Software-Defined Networking and Network Function Virtualization Market, By Application (2022-2029) 8.3. Middle East and Africa Software-Defined Networking and Network Function Virtualization Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Software-Defined Networking and Network Function Virtualization Market (2022-2029) 9.1. South America Software-Defined Networking and Network Function Virtualization Market, By Product Type (2022-2029) 9.2. South America Software-Defined Networking and Network Function Virtualization Market, By Application (2022-2029) 9.3 South America Software-Defined Networking and Network Function Virtualization Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Entelos Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Crown Bioscience Inc 10.3 Chemical Computing Group Inc 10.4 Nimbus Therapeutics Inc 10.5 Schrodinger Llc 10.6 Dassault Systemes 10.7 Genedata Ag 10.8 Biognos Ab 10.9 Leadscope Inc 10.10 Rhenovia Pharma Limited 10.11 Compugen 10.12 Instem PLC 10.13 Roche 10.14 Certara Lp 10.15 Acellera ltd. 10.16 Quantum Benchmark

About This Report

Report ID 25395
Category Information Technology & Telecommunication
Published Date July 2022
Updated Date
Contact Us