Molecular Modelling Market Summary
As per Market Research Future Analysis, the Global Molecular Modelling Market was valued at USD 3.3 billion in 2023 and is projected to reach USD 6.65 billion by 2032, growing at a CAGR of 9.10% from 2023 to 2032. The market is driven by increasing investments in R&D from biotech and pharmaceutical sectors, with a focus on enhancing medication efficacy. Notable advancements include Sandbox AQ's AQBioSim platform and Huawei's AI-assisted drug design, which significantly reduce R&D costs and time. The rising prevalence of chronic diseases and the growing elderly population further fuel market demand.
Key Market Trends & Highlights
Key trends driving the Molecular Modelling Market include advancements in technology and increasing demand for effective drug development.
- Molecular Modelling market projected to grow from USD 3.6 billion in 2024 to USD 6.65 billion by 2032.
- Software segment accounted for 51% of market revenue (USD 2.60 billion) in 2022.
- Drug Development application generated the highest revenue of about 56% (USD 2.9 billion) in 2022.
- Pharmaceutical & Biotechnology companies dominated the market with 74% share (USD 3.8 billion) in 2022.
Market Size & Forecast
2023 Market Size | USD 3.3 Billion |
2032 Market Size | USD 6.65 Billion |
CAGR | 9.10% |
Major Players
Key players include Cresset Acellera Ltd, Schrodinger LLC, Optibrium, Biosolve-IT, Simulations Plus Inc, Chemical Computing Group, Centera LP, OpenEye Scientific Software, Dassault Systems, and Cambridge Crystallographic Data Centre.