The potential growth difference for the chemoinformatics market between 2021 and 2026 is USD 5.19 billion. To estimate the size of the market, Technavio has considered various aspects including the number of users per hospital or clinic, on-premises vs cloud-based infrastructure preference in the healthcare industry, revenue generated by healthcare technology companies, disposable income, per capita income, healthcare budget and spending by government, among others. Understand the scope of our full report on the global chemoinformatics market. Download PDF Sample Report
Key Market Dynamics:
Market Driver
Market Challenges
The increasing approvals of new molecules and biosimilars and the rise in digitalization in the pharmaceutical industry are some of the key market drivers. However, factors such as concerns related to data safety will challenge market growth.
The chemoinformatics market report is segmented by application (chemical analysis, drug discovery and validation, virtual screening, and others) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
By application, the market will observe maximum growth in the chemical analysis segment during the forecast period. The rising R&D expenditure across the healthcare sector and the relatively low success rates of the promising leads as drug molecules are driving the growth of the segment.
In terms of region, the market will observe strong growth in North America. The region will account for 36% of the global market share over the forecast period. Factors such as the presence of improved healthcare infrastructure increased funding for research and development initiatives, and technological advancements in the healthcare sector in the US and Canada are driving the growth of the regional market.
The global chemoinformatics market is concentrated in nature. The competition in the market is intense, which is creating pricing pressure on various global and local vendors. Leading vendors are focusing on inorganic growth strategies by acquiring small and local players to broaden their product portfolio and capture new markets. They are also investing in R&D to enhance and upgrade their existing product portfolio and introduce innovative software with advanced technological features to have a competitive edge. Besides, the market is witnessing the entry of many new small and large players. This is expected to further intensify the competition in the market during the forecast period.
Technavio identifies the following as the dominant vendors in the market.
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 36%
Key consumer countries
US, China, Germany, UK, and France
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Advanced Chemistry Development Inc., Altoris, BioSolveIT GmbH, Certara Inc., ChemAxon Ltd., Chemical Computing Group ULC, Collaborative Drug Discovery Inc., Danaher Corp., Dassault Systemes SE, Daylight Chemical Information Systems Inc., EPAM Systems Inc., Genedata AG, Modgraph Consultants Ltd., Molinspiration Cheminformatics, Molsoft LLC, OpenEye Scientific Software Inc., PerkinElmer Inc., Scilligence Corp., and Tecan Group Ltd.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Application
Exhibit 06: Executive Summary ? Chart on Incremental Growth
Exhibit 07: Executive Summary ? Data Table on Incremental Growth
Exhibit 08: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers ? Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers ? Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants ? Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes ? Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry ? Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
5.1 Market segments
Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Chemical analysis - Market size and forecast 2021-2026
Exhibit 28: Chart on Chemical analysis - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Chemical analysis - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Chemical analysis - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Chemical analysis - Year-over-year growth 2021-2026 (%)
5.4 Drug discovery and validation - Market size and forecast 2021-2026
Exhibit 32: Chart on Drug discovery and validation - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Drug discovery and validation - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Drug discovery and validation - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Drug discovery and validation - Year-over-year growth 2021-2026 (%)
5.5 Virtual screening - Market size and forecast 2021-2026
Exhibit 36: Chart on Virtual screening - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Virtual screening - Market size and forecast 2021-2026 ($ million)
Exhibit 125: OpenEye Scientific Software Inc. - Overview
Exhibit 126: OpenEye Scientific Software Inc. - Product / Service
Exhibit 127: OpenEye Scientific Software Inc. - Key offerings
10.12 Scilligence Corp.
Exhibit 128: Scilligence Corp. - Overview
Exhibit 129: Scilligence Corp. - Product / Service
Exhibit 130: Scilligence Corp. - Key offerings
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 131: Inclusions checklist
Exhibit 132: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 133: Currency conversion rates for US$
11.4 Research methodology
Exhibit 134: Research methodology
Exhibit 135: Validation techniques employed for market sizing
Exhibit 136: Information sources
11.5 List of abbreviations
Exhibit 137: List of abbreviations
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