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The global drug modeling software market is expected to grow in the forecast period due to the rising drug discovery and development activities and rising demand for novel therapies. The market is also influenced by precision medicine and intervention of AI in drug modelling However, the global drug modeling software market is expected to be hampered by a lack of quality data base and the high cost of manufacturing drug modelling software.
Key Growth Drivers:
- Rising drug discovery and development activities
Drug development covers all the activities undertaken to transform the compound obtained during drug discovery into a product that is approved for launch into the market by regulatory agencies.
The process of creating a new drug product can be broadly divided into three main phases:
- Drug discovery – entailing the conceptualization of the therapeutic into a molecule with known pharmacologic effects.
- Drug development – covering the steps taken to convert the molecule above into an approved and registered drug product.
- Commercialization – This includes all the steps taken to convert the product into an approved therapeutic, launch it into the market, and generate sales.
The report outlines the involvement of key players, including:
Dotmatics, BC Platforms, InSilicoTrials Technologies., VeriSIM Life., Atomwise Inc., Certara, USA., GENECODE, Cresset., and Nanome Inc. SIMULATIONS PLUS., Dassault Systèmes, Scripps Research, XtalPi Inc., Xybion, ArgusLab, Schrödinger, Inc. among others.
Key Market Segmentation
Components (Software, and Services), Operating System (Windows, Linux, Mac Os, and Others), Deployment Mode (Cloud Based, Hybrid-Based, and On-Premises), Enterprise Size (Large Enterprise Size, Small & Medium Enterprise Size), Application (Graphical Molecular Modeling, Gene Sequence Analysis, Protein Modeling, Modeling Crystal Structures, Cheminformatics, High Throughput Virtual Screening, Gas & Solution Phase Reaction, Medical Imaging, and Others), Purchase Model (Subscription Based, and One- Time License), End User (Pharmaceutical & Biotechnology Companies, Contract Research Organization, Research Institutes, Regulatory Authorities, and Others)
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