Top 5 Insights From The Structural Biology And Molecular Modeling Techniques Market Report 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
According to The Business Research Company’s Structural Biology And Molecular Modeling Techniques Global Market Report 2024, the structural biology and molecular modeling techniques market is expected to show promising growth in the forecast period.
The structural biology and molecular modeling techniques market size has experienced remarkable growth in recent years. The market surged from $7.58 billion in 2023 to $9 billion in 2024, boasting a compound annual growth rate (CAGR) of 18.7%.
Contributing Factors to Historic Growth
- Emergence of cryo-electron microscopy
- Pharmaceutical research and drug discovery
- Understanding enzyme mechanisms
- Growth in structural genomics initiatives
- Validation of drug targets
- Structural insights into viral proteins
- Drug resistance studies
Forecasted Growth and Influential Factors
Expectations are high for the market’s future, with a projected size of $17.39 billion by 2028, marking a CAGR of 17.9%. Anticipated growth drivers include:
- Expansion of fragment-based drug design
- Advancements in hybrid methods
- Rapid expansion of structural proteomics
- Precision medicine applications in oncology
- Structural biology in neuroscience research
- Application in RNA biology
- Advancements in structural bioinformatics
Embracing Technological Trends
Major trends shaping the forecast period entail:
- Integration of artificial intelligence (AI)
- Hybrid methods for structural determination
- Single-particle analysis in cryo-EM
- Membrane protein structures
- Open-source software development
- NMR spectroscopy
- Structural biology in personalized medicine
- Technological advances in X-ray crystallography
Rising Prevalence Of Chronic Diseases To Drive Market Growth
Understanding Chronic Diseases
The rising prevalence of chronic diseases significantly contributes to the market’s growth. Common chronic ailments include cancer, heart disease, stroke, diabetes, and arthritis.
Role of Structural Biology
Structural biology aids in understanding the origins of illnesses and contributes to early drug discovery. It helps comprehend the effects of human genetic mutations, cancer treatment resistance, and infectious diseases.
Statistics and Market Implications
According to the National Center for Biotechnology Information (NCBI), chronic disease cases are expected to double by 2050. This surge underscores the importance of structural biology and molecular modeling techniques in healthcare.
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Technological Advancements Transforming The Structural Biology And Molecular Modeling Techniques Market
Innovative Technological Solutions
Key companies are spearheading technological advancements in the market. Next-generation sequencing-based ctDNA Testing and silico screening of 3-D chemical structures are some notable innovations.
Case Studies of Innovation
- PerkinElmer Inc. introduced ChemDraw V21 software, facilitating quick import and sharing of 3D chemical structures.
- Cadence Design Systems Inc. acquired OpenEye Scientific Software, enhancing its molecular modeling capabilities.
Segmentation of the Market
The structural biology and molecular modeling techniques market is segmented based on:
- Tools: SaaS And Standalone Modeling, Visualization And Analysis, Databases, Other Tools
- Application: Drug Development, Drug Discovery, Other Applications
- End-Users: Pharmaceutical, Biotechnological, Academic, Clinical Trial
Regional Insights
North America dominated the market in 2023, reflecting the region’s significant contribution to the advancement of structural biology and molecular modeling techniques.
In conclusion, the structural biology and molecular modeling techniques market presents a promising landscape with substantial growth opportunities driven by technological innovations, rising chronic disease prevalence, and expanding applications across various sectors. As the market continues to evolve, stakeholders must remain agile and proactive in harnessing emerging trends and technologies to stay ahead in this dynamic industry.
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