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The Cheminformatics market has experienced significant growth in recent years, driven by the rising demand for efficient drug discovery and development processes. This field combines chemistry, computer science, and information technology to manage and analyze chemical data, playing a crucial role in the pharmaceutical and biotechnology industries.
One important part of the market is how much AI and ML are used in Cheminformatics. These tools make it better to study data, guess what a substance might be like and speed up the process of finding new medicine. The big business is moving towards smart and automatic solutions, making AI tools more part of different chemistry information platforms.
As chemical data keeps growing a lot, big data analysis is becoming more important in the Cheminformatics market. Handling and understanding big chunks of information is now very important for getting helpful knowledge, making research easier, and using good choices in creating medicine.
Also, the market is changing because more and more Cheminformatics solutions are moving to cloud-based systems. Cloud platforms help researchers save, share and study data better because they grow with need, are easy to reach and let us work together. This change has not only made work management better but also lowered the costs for equipment.
More and more people are using predictive models in Chemistry because they can guess about chemical features, how dangerous a substance is or what it does to living things. Predicting results early when developing drugs saves a lot of time and money. So, there's growing interest in getting better tools and ways to predict things.
Protecting data and keeping it safe is very important in Cheminformatics because the research information can be private. Blockchain technology is being added to Cheminformatics platforms. This helps make the data safe, trackable and clear. This trend solves the industry's need for a safe and unbreakable system to handle chemical information.
Working together is very important for making new things in the Chemical Information market. Drug makers, study places and tech suppliers are more often working together to join their knowledge and help. These partnerships aim to speed up the creation of new medicines and promote improvements in a field called Cheminformatics.
The market situation isn't easy and has problems. One big worry is following the rules set by lawmakers. As the world of Cheminformatics changes, rules and standards must be set by lawmakers to make sure data is used fairly. Businesses working in this area must deal with changing rules to keep trust and respect.
The Cheminformatics market is witnessing global expansion, with companies targeting emerging markets to capitalize on growing research and development activities. Simultaneously, market consolidation is occurring as larger players acquire smaller firms with specialized expertise, leading to a more concentrated and competitive landscape.
As the trend towards personalized medicine gains momentum, Cheminformatics is playing a pivotal role in tailoring drug discovery and development to individual patient needs. The market dynamics are shifting towards solutions that enable precision medicine, where treatments are customized based on the patient's genetic makeup and other individual factors.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Application and Region |
Cheminformatics Market Highlights:
Global Cheminformatics Market Overview
Cheminformatics Market Size was valued at USD 5.5 billion in 2022. The cheminformatics market is projected to grow from USD 6.35 Billion in 2023 to USD 20.11 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.5% during the forecast period (2023 - 2032). Rising demand for efficient drug discovery and development processes, increasing adoption of AI and machine learning technologies, and growing applications of cheminformatics in personalized medicine and precision agriculture are key market drivers propelling the growth of the Cheminformatics Market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cheminformatics Market Trends
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Rising demands for efficient and cost-effective drug discovery processes to drive market growth
Cheminformatics is the application of computer and informational approaches to a wide range of chemistry problems. These methods are employed in pharmaceutical businesses during the drug discovery process. These approaches can also be employed in various chemical and associated industries. Cheminformatics combines information resources to transform data into information and information into knowledge to make better decisions faster in drug lead identification and optimization. Drug discovery is a complex and resource-intensive process involving identifying, designing, and optimizing potential drug candidates. Cheminformatics, which uses computational methods and tools for analyzing chemical data and information, is crucial in accelerating and optimizing various stages of the drug discovery process.
Traditional drug discovery methods can be time-consuming, expensive, and labor-intensive, involving extensive experimental testing of numerous chemical compounds. Cheminformatics tools enable researchers to rapidly analyze large datasets, predict the properties and activities of chemical compounds, and prioritize potential drug candidates for further experimental testing. This helps to streamline the drug discovery process, reduce the number of compounds to be synthesized and tested, and ultimately lower the costs associated with drug development, thereby driving market CAGR. The increased R&D spending is boosting the demand for cheminformatics to assess potential drug candidates and effectively manage data generated during molecular and atomic processes.
Moreover, rising awareness of personalized medicine is propelling market expansion. For example, in 2012, there were 81 personalized medicines in the United States, which is expected to expand to 286 by 2020. Furthermore, the rising frequency of numerous chronic conditions increases the need for therapies, which increases the market discovery of new drugs. This increase in drug discovery, industry funding, mergers & acquisitions, and industry investments will benefit the cheminformatics market revenue. For example, Optibrium, a software provider for drug discovery, announced a partnership with MSD, a brand of Merck & Co., Inc, Kenilworth, NJ, USA, in 2020. MSD has embraced Optibrium's StarDropTM software as a key component of their cheminformatics infrastructure as part of the collaboration.
Cheminformatics Market Segment Insights
Cheminformatics Application Insights
Based on application, the Cheminformatics Market segmentation includes chemical analysis, drug discovery, drug validation, and others. The chemical analysis segment dominated the global market, accounting for 37% of market revenue (2.04 billion). Cheminformatics is a field that integrates chemistry and informatics to solve challenges in drug creation, bioinformatics, molecular modeling, and biological databases. Cheminformatics assists in resolving problems related to high-throughput screening (HTS), molecular diversity, and virtual libraries of tiny molecules or compounds. It also helps develop a database of huge compound collections with computational methods for searching the library during analysis depending on various attributes. The broad applicability of the field's tools across the drug development spectrum, including target identification, lead optimization, drug validation, ADMET predictions, establishing structure-quantitative relationships, molecular modeling, and 3D structure development, contributes to its prominence in the development of novel medicines.
Figure 1: Cheminformatics Market, by Application, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The drug discovery application segment is expected to grow at the fastest CAGR in the cheminformatics industry in the coming years. Cheminformatics is important in drug development as it allows researchers to quickly analyze, organize, and interpret chemical data to identify and design prospective drug candidates. The increasing demand for novel and effective treatments to address unmet medical requirements is one of the primary drivers for the drug discovery application segment. With the rising frequency of chronic diseases, there is an urgent need to develop novel therapeutic molecules with increased efficacy, safety, and specificity. Cheminformatics tools and software provide significant insights into molecules' chemical characteristics, structures, and interactions, assisting researchers in identifying prospective drug candidates with optimized properties.
Cheminformatics Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American cheminformatics market was valued at USD 2.51 billion in 2022 and is expected to grow at a significant CAGR during the study period due to high R&D intensity and the incorporation of highly innovative technologies, the increasing prevalence of chronic disorders, and the presence of some of the leading players in the drug manufacturing industry. Increased patient awareness of healthcare services and rising demand for personalized medication will drive growth. Moreover, North America has a major position in the worldwide pharmaceuticals business and a substantial R&D footprint.
Also, the major countries studied in the market report are the U.S., German, Canada, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CHEMINFORMATICS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The European cheminformatics market accounts for the second-largest market share. Europe is home to many top pharmaceutical and biotech firms, prominent research organizations, and university institutions engaged in drug discovery and development. The demand for modern cheminformatics tools and software is increasing to support these research activities, enable efficient data processing, and quicken drug discovery in the European market. Besides, European countries have strict drug approval standards and procedures requiring significant safety and efficacy data. Cheminformatics techniques can help anticipate ADMET (absorption, distribution, metabolism, excretion, and toxicity) features of chemical compounds, allowing researchers to optimize therapeutic prospects while ensuring regulatory compliance. Further, the German cheminformatics market held the largest market share, and the UK cheminformatics market was the fastest-growing market in the European region.
The Asia-Pacific Cheminformatics Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the robust growth of the pharmaceutical and biotechnology sectors in countries like India, China, Japan, and South Korea. These countries are witnessing significant investments in research and development, leading to an increased demand for advanced cheminformatics tools and software to support drug discovery and development efforts. The growing adoption of digitalization and AI technologies in the Asia Pacific healthcare industry also drives the demand for cheminformatics. AI-based algorithms and machine learning techniques can analyze and interpret large-scale chemical data, enabling researchers to efficiently analyze and predict the properties and activities of chemical compounds. The increasing adoption of AI in drug discovery and development in the region drives the demand for cheminformatics tools and software to support these advanced research efforts. Moreover, China’s cheminformatics market held the largest market share, and the Indian cheminformatics market was the fastest-growing market in the Asia-Pacific region.
Cheminformatics Key Market Players & Competitive Insights
Major players in the cheminformatics market, such as Agilent Technologies Inc, OpenEye Scientific Software, Bio-Rad Laboratories Inc, Jubilant Biosys Inc, and ChemAxon Ltd, are actively investing in R&D operations to introduce innovative solutions, expand their product portfolios, and cater to the evolving needs of the pharmaceutical, biotechnology, and agrochemical industries. The global cheminformatics industry also benefits from technological advancements such as AI, ML (machine learning), and big data analytics, which drive innovation and enable faster and more accurate drug discovery processes.
Leading market players in the cheminformatics industry further drive growth through strategic market developments. These market developments include new product launches, collaborations, partnerships, acquisitions, and higher investments to strengthen their market position and expand their global footprint.
Agilent Technologies Inc is a global manufacturer of analytical instruments, software, services, consumables, and solutions for the life sciences, diagnostics, and applied chemical markets. The company provides a comprehensive range of cheminformatics tools and solutions, including software for data analysis, data management, and predictive modeling. Pharmaceutical and biotechnology firms, academic and research organizations, government agencies, and other chemical and life sciences customers use the company's products and services. Agilent Technologies Inc launched the Agilent ChemID, a comprehensive database of chemical substances for use in cheminformatics and chemical research, in September 2021. The database is intended to increase data accuracy and efficiency in chemical data analysis and modeling.
Bio-Rad Laboratories Inc is an international supplier of life science research instruments, reagents, consumables, software, and services for the life sciences, clinical diagnostics, and food safety markets. Researchers, scientists, and healthcare professionals use the company's products in various applications, including genomics, proteomics, cell biology, and molecular diagnostics. Bio-Rad Laboratories Inc announced the introduction of KnowItAll Informatics System 2021, a new version of its cheminformatics software suite, in August 2021. The latest edition provides researchers with superior chemical data analysis and interpretation tools, including increased data analysis and visualization capabilities, improved search functionality, and expanded spectral libraries.
Key Companies in the cheminformatics market include
- Agilent Technologies Inc
- Bio-Rad Laboratories Inc
- BioSolveIT GmbH
- BIOVIA (Dassault Systèmes)
- ChemAxon Inc
- Eurofins CEREP SA (Eurofins Panlabs Inc)
- Jubilant Biosys Inc
- Molecular Discovery Ltd
- OpenEye Scientific Software Inc
- Schrödinger Inc
Cheminformatics Industry Developments
September 2022Â Cadence Design Systems, a computer software business based in the United States, purchased OpenEye Scientific Software for an unknown sum. The acquisition advances Cadence's Intelligent System DesignTM strategy by extending Cadence's computational software core competence to life sciences molecular modeling and simulation. OpenEye Scientific Software is a software company based in the United States that provides molecular modeling and cheminformatics software solutions.
July 2022Â Dotmatics has released new chemical software for discovering small-molecule drugs. The platform promotes collaboration and productivity across research teams, reducing operational inefficiencies and facilitating data-driven decision-making. The new program also includes templates for drug development workflows ranging from hit discovery to lead optimization studies.
October 2021Â CDD Visualisation, a free, standalone, full-featured software program, was released by Collaborative Drug Discovery (CDD). It is a browser-based tool that allows scientists to visualize data and generate publication-ready graphs and plots.
Cheminformatics Market Segmentation
Cheminformatics Application Outlook
- Chemical Analysis
- Drug Discovery
- Drug Validation
- Others
Cheminformatics Regional Outlook
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North America
- US
- Canada
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Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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