Cheminformatics is a field of science that uses software tools to process chemical data and information to enable the discovery and development of new pharmaceutical drugs and chemical products. It helps in analyzing chemical structures and reactions.
Market Dynamics:
The growing adoption of artificial intelligence (AI) and machine learning technologies in the pharmaceutical and chemical industries is driving the growth of the cheminformatics market. AI and machine learning are increasingly being used for virtual screening, molecular generation and optimization, and predictive toxicology. They help speed up the drug discovery process and reduce costs by identifying promising drug candidates. Additionally, the increasing focus on reducing drug development costs is also fueling the demand for cheminformatics solutions. By integrating cheminformatics tools with AI, it is possible to analyze huge chemical databases and clinical trial data more efficiently.
Market Drivers:
Increasing Demand for Computational Chemistry to Speed up Drug Discovery: Cheminformatics plays a key role in computational chemistry that helps automate various processes in drug discovery like development, screening, optimization and validation of lead compounds. With high attrition rates and mounting R&D costs faced by pharma companies, demand for computational chemistry techniques using cheminformatics tools is growing significantly to accelerate drug discovery and reduce failure rates. This shift towards in silico methods acts as a major driver for the cheminformatics market.
Need for Effective Management of Chemical Data Due to Growing Chemical Databases:
With the explosion of chemical databases due to research activities in pharmaceutical and biotech industries, managing the huge volumes of chemical data has become a challenging task. Cheminformatics solutions help scientists and researchers organize, analyze and draw insights from extensive chemical information databases, facilitating data-driven decision making. The growing complexity of chemical data is boosting the demand for sophisticated cheminformatics software and services.
Market Restrain Lack of Adequately Skilled Workforce:
While cheminformatics is a multidisciplinary field encompassing domains like chemistry, biology, computer science and mathematics, finding professionals with expertise across these diverse areas remains an issue. The technical skills required for developing and utilizing advanced cheminformatics tools are not widely available. The shortage of trained chemists and data scientists proficient in cheminformatics techniques poses challenges for organizations to leverage the full potential of cheminformatics and limits market growth to some extent.
Market Opportunity:
Scope for Outsourcing of Cheminformatics Services Given the specialized expertise and resources needed, developing in-house cheminformatics capabilities may not always be viable, especially for smaller companies. This provides opportunities for specialist cheminformatics service providers to tap into the outsourcing market. As pharmaceutical and biotech firms increasingly rely on outsourcing non-core activities, demand is growing for third-party cheminformatics consulting, custom software development and other outsourced services.
Market Trends
Rise of Cloud-Based Cheminformatics Tools Cloud computing is revolutionizing various industries by offering highly scalable and flexible solutions. In cheminformatics as well, the trend is shifting towards cloud-based platforms and software-as-a-service models that provide on-demand access to applications and databases over the internet. Cloud delivery of cheminformatics eliminates the need for organizations to make huge upfront capital investments and maintain their own IT infrastructure. This emerging deployment model is attracting more users and propelling future market trends.
This report focuses on top manufacturers in Global Market.The Global Chemoinformatics Market size is expected to value at USD 21.18 billion by 2024.
In addition, rising importance towards development of various drug validation techniques, and integration of potential drug candidates that are developed by combinatorial chemical methods, are expected to stimulate the growth of chemoinformatics market over the forecast period.
Shifting focus towards the effective management of data, gathered during molecular and atomic reactions is anticipated to boost chemoinformatics market demand over the next seven years.
The recent technological advances in computer technology for healthcare sector is estimated to favor the growth of chemoinformatics market in the upcoming years.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
This report studies the global market size of Robotic Surgery Systems in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Robotic Surgery Systems in these regions.
This report also studies the global Robotic Surgery Systems market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Market size by End User
Rest of Central & South America
The study objectives of this report are:
To study and analyze the global Robotic Surgery Systems market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.
