Global Structural Biology and Molecular Modeling Techniques Market to Reach $33 Billion by 2030
The global market for Structural Biology and Molecular Modeling Techniques estimated at US$11.2 Billion in the year 2023, is expected to reach US$33 Billion by 2030, growing at a CAGR of 16.7% over the analysis period 2023-2030. SaaS & Standalone Modeling, one of the segments analyzed in the report, is expected to record a 17.8% CAGR and reach US$20.2 Billion by the end of the analysis period. Growth in the Databases segment is estimated at 14.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 21.6% CAGR
The Structural Biology and Molecular Modeling Techniques market in the U.S. is estimated at US$2.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.7 Billion by the year 2030 trailing a CAGR of 21.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 14.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.6 Billion by the year 2030.
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