Yes, or no. Depends on you.
It seems far fetched, but let's talk about science and history of science for a while.
Science as it is today, is capable of understanding phenomena, describing them, and creating predictions based on that understanding. Especially last part is critical, this is what theories are about. Theory is as close to actual fact as science can come (most theories have limits on their scope, and need to be superseded by another theory when exceeding the scope, in turn, superseding theory has to give same results when limited to scope of superseded one), validity is usually tested by making predictions about previously unobserved phenomena that should be possible under theory, and then forcing occurrence of those phenomena. Of course, science also knows where limit of current knowledge lies, and works to actively explore beyond that limit.
Here you can find a brief explanation how transition from occultic alchemy to scientific chemistry happened.
Some especially important excerpts:
Early civilizations, such as the Egyptians Babylonians, Indians amassed practical knowledge concerning the arts of metallurgy, pottery and dyes, but didn't develop a systematic theory.
First major change happened when in 9th century:
He (Jābir ibn Hayyān, known as "Geber" in Europe) introduced a systematic and experimental approach to scientific research based in the laboratory, in contrast to the ancient Greek and Egyptian alchemists whose works were largely allegorical and often unintelligble.
Bolded part, is what is especially important, that's what differentiates science from occult and "magic". That change, set alchemy on the right track, though it wasn't until 17th century that final transitions were made.
Under the influence of the new empirical methods propounded by Sir Francis Bacon and others, a group of chemists at Oxford, Robert Boyle, Robert Hooke and John Mayow began to reshape the old alchemical traditions into a scientific discipline. (...) Boyle (...) rejected the classical "four elements" and proposed a mechanistic alternative of atoms and chemical reactions that could be subject to rigorous experiment.
At that point, chemistry as we know it today was born. Verifiable experiment took over and theories were made and verified to fit experiment, not experiments staged and picked to fit creators pet "theory". It took further years to verify and catalogue atoms, there was a phlogiston dud on the way, but from that point, they started going about it properly. Scientifically.
All main sciences (by main I mean "root" sciences, not sub-branches like for example Biophysics, which were created by either branching out of existing science, or merging branches from multiple main sciences) went this way, some earlier, some later (soft sciences seem to still be on transition period - obligatory jab at "soft" "sciences").
What does it tell us about world you are building?
You told us that there are no occultic or mystical elements in your "magic". There is something that can be measured, catalogued, verified and counted (midichlorians, eh?). This means that your "magic" is not magic the way we use this word, but it could very well be called so. Just as Alchemy turned into Chemistry, and Astrology into Astronomy (well, there are still "astrologers", but they are nothing more than frauds), at some point, most likely in your equivalent of Renaissance final transition would happen, perhaps along with change of name from "magic" to "magick" or redefinition of "thaumaturgy", maybe "metaphysics" would acquire another meaning or some completely new, made-up word would be used (most likely based on latin, arabic or greek if your world had similar history to our).
For made up ones, here are some examples I could come up with:
- "vis" (literally "force" in latin, if you want to be a bit too cheeky)
- "quww" (force in arabic, according to google translate, you would have to romanise the word a bit, though, this is if you wanted to be less obviously cheeky)
- "extentia" (portmanteau of "externus" and "potentia": external-power)
- "taqkhari" (slightly modified and romanised arabic for external-energy, according to google translate)
- "makridras" (modified greek for far-action)
or made your own, whatever you feel like. Just be wary of fact that old-sounding telekinesis was actually made up in XX century.
Disclaimer: all made up words were created with either google translate or dictionary. I know neither latin, greek or arabic. In fact, I can't even read arabic abjad and have only very vague idea how to read greek alphabet.