Regional Analysis
Cheminformatics Market Regional Insights
- North America is the largest market for cheminformatics, accounting for a 35% share in 2023. The growth of this market is attributed to the increasing investment in research and development by pharmaceutical and biotechnology companies in the region. Additionally, the presence of a large number of academic institutions and research institutes is also driving the growth of the cheminformatics market in North America. For instance, in March 2021, Elsevier, a renowned leader in the domain of research publishing and information analytics, unveiled a new partnership with LexisNexis Legal & Professional, a part of the RELX Corporation that sells data analytics products and various databases. This collaboration aims to enhance the existing patent information in Reaxys, Elsevier’s solution for chemistry Research & Development. As a result of this integration, companies and researchers can now access the intellectual property patent content from LexisNexis, which is the driving force behind LexisNexis PatentSight (Patent Analytics) and LexisNexis TotalPatent One (Patent Search), within their current workflow.
- Europe is the second-largest market for cheminformatics, accounting for a 25% share in 2023. The growth of this market is attributed to the increasing adoption of cheminformatics tools and technologies by pharmaceutical and chemical companies in the region. Additionally, the presence of a strong regulatory environment is also supporting the growth of the cheminformatics market in Europe.
- Asia Pacific is the fastest-growing market for cheminformatics, accounting for a 20% share in 2023. The growth of this market is attributed to the increasing demand for new drugs and chemicals from the emerging economies in the region. Additionally, the growing focus on personalized medicine is also driving the growth of the cheminformatics market in Asia-Pacific.
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East
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