These top data modeling tools and applications enable users to build conceptual and logical data models that deliver significant competitive advantage.
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Quantitative Structure-Activity Relationship Market for Drug Discovery Segment to Grow at Highest CAGR during 2020-2027.
Quantitative Structure-Activity Relationship (QSAR) Market is expected to reach US$ 1,888.5 million in 2027 from US$ 1,388.1 million in 2019, it is estimated to grow at a CAGR of 4.0% from 2020 to 2027.
The market growth is mainly attributed to the increasing adoption rate of modeling tools in drug discovery and rising investments for drug discovery. However, low adoption rate of the technique in emerging countries is hindering the quantitative structure-activity relationship market growth.
Based on application, the quantitative structure-activity relationship market is segmented into drug discovery, molecular modeling, chemical screening, regulatory and decision-making, and other applications. In 2019, the drug discovery segment accounted for the largest share, and it is further expected to register the highest CAGR in the market during the forecast period.