NEWARK, N.J., March 21, 2022 /PRNewswire/ -- As per the report published by The Brainy Insights, The Global Structural Biology and Molecular Modeling Market is expected to grow from USD 6.11 Billion in 2020 to USD 21.26 Billion by 2028, at a CAGR of 13.56% during the forecast period 2021-2028.
The increasing occurrence of chronic diseases is one of the factors fuelling the Structural Biology and Molecular Modeling Market.
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Structural biology studies the molecular structure of biological macromolecules like proteins and nucleic acids, giving a critical insight into biological reactions which fuel life. Advancements in technologies, virtual reality, and software can transform this drug discovery field. Structural biologists mainly focus on protein because of its central role in the body. They study the functionality of the molecules and how they react to give a new life. All the drug designing companies are focusing on modeling projects to understand the structure of newly made drugs so that they can go for biding. The unhealthy lifestyle of people these days leads to increased cases of chronic disease. The increase in the geriatric population in developed countries also increases the cases of chronic diseases like diabetes, cancer, etc. This structural biology and molecular modeling is beneficial in the medicinal and healthcare sector as it helps find remedies for several diseases. The increase in investment in R&D by the pharmaceuticals company would drive this market as this can come up with the fruitful discovery that could give solution to many incurable diseases. The outbreak of a new disease like coronavirus and Ebola etc., would also drive this market in the future.
Thou, the government, is working hard and encouraging the research and pharmaceuticals company to improve the quality of medicines. However, also they are imposing stringent regulations to control the research and pharmaceuticals company, to make them follow the guidelines so that in improving and coming up with the better quality and outcome they do not hamper other things.
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Key players operating in the global structural biology and molecular modeling market include AlDassaultSystemes, Agile Molecule, Accellera Ltd., Bioinformatic LLC, Affymetrix, Agilent Technologies, Inc., Illumina, BrukerDaltonics Inc., Biomax Informatics AG, Chemical Computing Group, CLC bio, and Roche, among others.
- The key players are now concentrating on implementing strategies such as adopting new technology, mergers & acquisitions, product innovations, joint venture, alliances, and partnerships to improve their market position in the global structural biology and molecular modeling industry. For instance, in December 2019, Roche made a merger agreement with Spark Therapeutics Inc. This merger agreement had strengthened the company's presence in the field of gene therapy.
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SaaS and standalone modeling segment is dominating the market with the highest market value of USD 2.47 Billion in 2020
Tools segment include SaaS and standalone modeling, visualization and analysis, databases, and others. The SaaS and standalone modeling segment held a substantial market value of over USD 2.47 Billion in 2020. This is because much-advanced software has come up to study and analyze the structure of the molecules.
The drug development segment is dominating the market with the highest market value of USD 2.98 Billion in 2020
The application segment includes drug discovery, drug development, and others. The drug development segment accounted for the highest market value of USD 2.98 Billion in 2020. It is due to the increase in investment in R&D to come up with new solutions for the illness and the outbreak of new diseases.
Regional Segment Analysis of the Structural Biology and Molecular Modeling Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and Rest of South America)
- Middle East and Africa (UAE, South Africa, Rest of MEA)
North America region is the leading segment because it has the most advanced and better infrastructure. In North America, many big pharmaceutical companies are investing in R&D to develop a better solution to cure the illness. Also, the big players are collaborating among themselves to heighten the R&D capabilities to create a better solution for the diseases that will drive this market in this region. Asia Pacific is anticipated to have an exponential CAGR as the government in the developing countries of this region gives favorable initiatives to the pharmaceutical companies for the R&D. In India and China, the government is focusing on the betterment of healthcare infrastructure. Also, the increasing disposable income of the people in a country like China and India has led them to change their lifestyles. Most of them live an unhealthy lifestyle because of the long hours of working routine and unhealthy eating habits, which has increased the cases of many chronic diseases. This fuels the growth of the Structural Biology and Molecular Modeling Market.
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About the report:
The global structural biology and molecular modeling market is analyzed on the basis of value (USD Billion). All the segments have been analyzed on a global, regional, and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining key insight into the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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