The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Chemoinformatics Global Market Report 2023, the chemoinformatics market is expected to show significant growth in the forecast period.

Key insights from the chemoinformatics market forecast include:

1. Market Size

The global chemoinformatics market is expected to grow from $4.15 billion in 2022 to $4.31 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The chemoinformatics market size is expected to grow to $4.79 billion in 2027 at a CAGR of 2.7%.

2. Major Driver

The rising frequency of chronic diseases is projected to drive the chemoinformatics industry forward. Chronic diseases are illnesses that persist a year or longer and necessitate continuing medical care. The increasing prevalence of chronic diseases, such as neglected tropical diseases, necessitates the development of new drugs and the search for novel chemicals for their treatment, for which chemoinformatics is applied. According to the World Health Organisation, a Switzerland-based organisation for international public health, 500 million people are expected to develop chronic diseases such as obesity, diabetes, heart disease, or other noncommunicable diseases (NCDs) as a result of physical inactivity between 2020 and 2030 if governments around the world do not take immediate action to promote exercise.

View More On The Chemoinformatics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/chemoinformatics-global-market-report

3. Key Trend

Technological advancements are a prominent trend that is gaining traction in the chemoinformatic industry. To maintain their market position, major industry players are producing software and platforms with modern technology. For example, Optibrium, a UK-based provider of drug discovery software, released the latest version of StarDropTM, a comprehensive software platform for small molecule production, optimisation, and data analysis, in January 2021. StarDrop 7.0 provides drug discovery scientists with new artificial intelligence (AI) technology capabilities while also extending the software’s compound design approaches, giving better workflows, and connecting with Optibrium’s CerellaTM platform. StarDrop 7.0’s seamless integration with Cerella, Optibrium’s recently acquired discovery platform, enables intuitive methods that shorten discovery cycles and reduce costs while focusing on high-quality molecules.

4. Major Players

Major players in the chemoinformatics market are ChemAxon Ltd., Jubilant Biosys Inc., BIOVIA, OpenEye Scientific Software Inc., Schrödinger Inc., Advanced Chemistry Development Inc., Scilligence Corporation, Dassault Systemes SE, Chemical Computing Group Inc., Collaborative Drug Discovery Inc., UVJ Technologies, Golden Helix Inc., The Cambridge Crystallographic Data Centre (CCDC), KNIME.COM AG, and Simulations Plus Inc.

5. Top Market Segments

The global chemoinformatics market is segmented –

1) By Type: Chemistry, Computer Science, Information Science

2) By Application: Chemical Analysis, Drug Discovery and Validation, Virtual Screening, Other Applications

3) By End User: Chemical and Pharmaceutical Industries, Research and Academic Institution, Other End Users

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https://www.thebusinessresearchcompany.com/sample.aspx?id=7806&type=smp

The Chemoinformatics Global Market Report 2023  provides an in-depth analysis on the chemoinformatics market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the chemoinformatics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Bioinformatics Global Market Report 2023

Laboratory Informatics Global Market Report 2023

Laboratory Automation Systems Global Market Report 2023

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