Market Trends of Structural Biology and Molecular Modeling Techniques Industry
This section covers the major market trends shaping the Structural Biology & Molecular Modeling Techniques Market according to our research experts:
Drug Development is Expected to Hold Significant Market Share Over the Forecast Period
The propelling factors for the growth of the drug discovery market include the rising prevalence of a wide range of chronic diseases (such as cardiovascular and CNS-related disorders), rising healthcare expenditure, and the upcoming patent expiration of blockbuster drugs. For instance, the MDPI Journal research article published in September 2021 reported that the prevalence of Peripheral Arterial Disease (PAD) is estimated to be 3-12%, affecting nearly 27 million people in America and Europe in 2021. The same source also reported that in Europe, the prevalence of PAD is estimated at around 17.8% between the ages of 45 and 55 in 2021. Similarly, according to the WHO data published in February 2022, about 50 million people with epilepsy are living worldwide in 2022. The report also mentioned that approximately 80% of the population with epilepsy reside in low- and middle-income countries in 2022. Such a high frequency of various chronic diseases among the population is also expected to drive the demand for advanced drug development procedures, thereby contributing to the growth of the studied segment over the forecast period. Also, innovative product launches for drug discovery are expected to drive the growth of the studied segment. For instance, in July 2022, CD Biosciences launched a series of structural characterization services for kinase/phosphate research and drug development.
Thus, the increasing prevalence of a diverse range of diseases among all age groups and its burden globally drives the demand for drug discovery and its market. There has been an upsurge in the usage of advanced technologies, such as high throughput, bioinformatics, and combinatorial chemistry, for better drug candidate identification.
North America is Expected to Hold a Significant Share in the Market Over the Forecast Period
North America is expected to hold a significant share due to various ongoing research in biological sciences, considerable investments by various biotechnology companies, and the consistently increasing utilization of structural biology and molecular modeling techniques in the market.
Additionally, the rising prevalence of various chronic diseases and increasing demand for advanced modeling techniques to study the prevalence of the disease for the development of appropriate treatments are expected to play a crucial role in the market's growth. For instance, the Cancer Facts and Figures data published by the American Cancer Society in January 2022, there will be an estimated 1.9 million new cancer cases diagnosed in the United States in 2022. Similarly, as per the Heart Disease and Stroke Statistics, Fact Sheet published in May 2022, approximately every 40 seconds, a person in the United States is anticipated to have a myocardial infarction. Likewise, the CDC data updated in September 2021 reported that approximately 6.5 million people aged 40 and older in the United States have peripheral arterial disease. Additionally, as per the Heart and Stroke Foundation of Canada, in February 2022, 750,000 people are living with heart failure, and 100,000 people are diagnosed with heart failure each year in the country. Hence, the prevalence of chronic diseases coupled with the increasing geriatric population in the country is anticipated to create more opportunities for the development of new molecular modeling techniques for the drug discovery and development process.
Additionally, the launch of advanced structural biology and Molecular Modeling Technologies in the United States is expected to drive the growth of the studied market. In April 2021, the Accelra company released a new version of ACEMD, Accela's molecular dynamics simulation software. This is useful as a tool for ligand and system preparation and small molecule parameterization.
Thus, due to the prevalence of chronic diseases giving rise to the demand for advanced drug discovery techniques, the studied market is expected to grow during the forecast period in this region.
