Chemoinformatics Market by Application and Geography - Forecast and Analysis 2022-2026

The chemoinformatics market share is expected to increase by USD 5.19 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 15.09%.

This chemoinformatics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers chemoinformatics market segmentation 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). The chemoinformatics market report also offers information on several market vendors, including 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. among others.

What will the Chemoinformatics Market Size be During the Forecast Period?

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Chemoinformatics Market: Key Drivers, Trends, and Challenges

The increasing approvals of new molecules and biosimilars is notably driving the chemoinformatics market growth, although factors such as concerns related to data safety may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the chemoinformatics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Chemoinformatics Market Driver

One of the key factors driving growth in the chemoinformatics market is the increasing approvals of new molecules and biosimilars. A surge in approvals of new molecular entities and biosimilars to promote the demand for safety monitoring during pre- and post-marketing phases has been observed. Drug manufacturers and developers largely rely on the successful entry and performance of their drug products in the market. Failure of their products may impact drug manufacturers adversely due to the high capital and research cost associated with drug discovery and development. The pharmaceutical market is experiencing a rise in the adoption of storing a large amount of chemical data among drug manufacturers. As a result, the rise in the approval of new molecular entities and biosimilars and registered activities of clinical trials globally has resulted in a surge in the adoption of chemoinformatics services, which is expected to drive significant market growth.

Key Chemoinformatics Market Trend

The extensive adoption of cloud technology in pharmaceutical manufacturing and testing is a chemoinformatics market trend that is expected to have a positive impact in the coming years. Pharmaceutical companies and contract research organizations (CROs) are increasingly adopting cloud technologies to accelerate their drug development and safety process, perform seamless integration in applications, manage storage and backup requirements, and provide a common platform for multiple access and real-time upgrades. These benefits have resulted in the availability of a significant number of cloud-based solutions in the market, such as LifeSphere Safety by ArisGlobal LLC., PvNET solution by Sarjen Systems Pvt. Ltd. (Sarjen Systems), and PV-Works Human by Ennov, resulting in the growth of the focused market during the forecast period. The use of cloud-based architecture allows pharmaceutical manufacturers and CROs to collect information and event reports from healthcare professionals and comply with defined regulations, facilitating the easy upgradation of databases. Thus, the increasing adoption of cloud technologies is a trend in the global chemoinformatics market during the forecast period.

Key Chemoinformatics Market Challenge

The concerns related to data safety will be a major challenge for the chemoinformatics market during the forecast period. Chemoinformatics allows the collection, storage, and mining of relevant chemical data regarding adverse drug events or reactions on a big data source. The rise in the incidence of healthcare and medical data breaches has been a significant concern for end-users such as pharmaceutical and contract research organizations, which is hampering the adoption of cloud-based chemical data storage services. For instance, the medical and healthcare segment was observed to be the largest segment in terms of record breach incidence. The total number of record breaches was found to be above 240,000 in the first four months of 2021 in the US.

This chemoinformatics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global chemoinformatics market as a part of the healthcare technology segment, which, in turn, is a part of the global healthcare market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the chemoinformatics market during the forecast period.

Who are the Major Chemoinformatics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• 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.
• Tecan Group Ltd.

 

This statistical study of the chemoinformatics market encompasses successful business strategies deployed by the key vendors. The chemoinformatics market is concentrated and the vendors are deploying growth strategies such as focusing on chemical data-storing capabilities and increasing existing software capabilities to compete in the market.

Product Insights and News

• acdlabs.com - The company offers chemoinformatics such as ACD Spectrus Platform which serves to connect analytical content with chemical context enabling collaborative science and faster decision making.

• acdlabs.com - Under the unified segment, the company specializes in the design of software, with a focus on the R&D and chemistry of molecules.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The chemoinformatics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Chemoinformatics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the chemoinformatics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Chemoinformatics Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for chemoinformatics in North America. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.

The improved healthcare infrastructure, funding for R&D initiatives, and technological advancements in the US and Canada will facilitate the chemoinformatics market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 slowed down the economy of the US and other North American countries in 2020. However, chemoinformatics service providers prominently gained demand during the initial pandemic lockdown period as numerous trade activities in the pharmacovigilance sector across the region were forced to transform to the online medium. Additionally, in 2020, the outbreak of COVID-19 increased the demand for pharmacovigilance for drug safety in North America. Therefore, the demand for chemoinformatics services to innovate and develop new, more efficient ways of collecting and utilizing data on molecular compositions have increased to maintain the universal standards of drug safety, which led to the growth of the chemoinformatics market in North America in 2020. 

What are the Revenue-generating Application Segments in the Chemoinformatics Market?

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The chemoinformatics market share growth in the chemical analysis segment will be significant during the forecast period. The rising R&D expenditures across the healthcare sector and the comparatively low success rate of the promising leads as drug molecules are the main drivers of the expansion of the segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the chemoinformatics market size and actionable market insights on post COVID-19 impact on each segment.

 

Chemoinformatics Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 15.09%
Market growth 2022-2026	$ 5.19 billion
Market structure	Concentrated
YoY growth (%)	13.49
Regional analysis	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
Key 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 recovery analysis 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.

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What are the Key Data Covered in this Chemoinformatics Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive chemoinformatics market growth during the next five years
• Precise estimation of the chemoinformatics market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the chemoinformatics industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of chemoinformatics market vendors

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