Molecular Modeling Market to reach USD 19.47 billion by 2032 and grow at a CAGR of 13.18%.
The molecular modeling market is growing rapidly because of its vital contribution to ongoing drug discovery, materials science, biotechnology, and more. High efficiency in the process of research and development simplifies processes, which stimulates demand for tools in these areas, especially for the biotechnology and pharmaceutical industries. Organizations invest much of their resources in molecular modeling technology to promote drug discovery and development. This helps researchers predict molecular interactions and behaviors that can help them identify promising drug candidates faster and more economically.