The Global Molecular Modelling Market is expected to grow at a CAGR of ~ 15.4% during the forecast period 2017-2023.
Molecular modelling is a widely used tool in the field of pharmaceutical industries and chemistry for the drug development. It investigate, interpret, explain, and discover new phenomenon of molecules. Molecular modeling is easy to perform with currently available software, but it is difficult get right model and proper interpretation. The major driving factors for the market are increasing investments in R&D, increasing prevalence of chronic diseases, and increasing demand for the better treatment.
According to the World Health Organization (WHO), chronic diseases are the leading cause of mortality across the world, representing around 60% of all deaths. Changing lifestyle and increasing geriatric population have increased the probability of causing the different diseases.
In addition to this, technological advancements, increasing need for the cost-effective treatment and growth in the biology and biosimilars markets have fuelled the market growth. However, high cost of the research and limited availability of skilled professional may affect the growth of the market over the assessment period, negatively.
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Some of key the players in the market are
- Fisher Scientific Company LLC. (US),
- Indigo Instruments (US),
- Simulation Plus (US),
- Certara L.P. (US),
- Dassault Systèmes (France),
- Advanced Chemistry Development (Canada),
- Schrödinger LLC (US),
- Genedata AG (Switzerland),
- Chemical Computing Group ULC (Canada),
- Physiomics PLC (UK)
- Entelos Inc. (US)
The global molecular modelling market has been segmented on the basis of approach, application, products, and end user.
On the basis of approach, the market is segmented into molecular mechanics approach, and quantum chemistry approach.
On the basis of product, the market is segmented into instruments, reagents, kits, and others.
On the basis of application, the market is segmented into drug development, drug discovery, and other application. The drug discovery is further segmented into direct drug design, indirect drug design, and molecular mimicry. The direct drug design is sub-segmented into lead identification, target identification, and others. The indirect drug design is sub-segmented into pharmacophore, quantitative structure-activity relationships (QSAR), and others.
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On the basis of end user, the market is segmented into pharmaceutical & biotechnological companies, research organizations, and others.
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