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The global drug discovery informatics market is expected to grow from its initial estimated value of USD 1.85 billion in 2018 to an estimated value of USD 4.34 billion by 2026, registering a CAGR of 11.27% during the forecast period 2019-2026. The increase in R&D investments is driving the growth of this market.
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Market Definition: Global Drug Discovery Informatics Market
Drug discovery informatics is a method that generates a large amount of data and information about drugs and diseases that are used for research and development. It is generally used to accelerate the screening of drug molecules. Drug discovery informatics creates correct data in real time and speeds up the drug innovation process. The increase in chronic diseases like cancer, diabetes, etc. is the major factor driving the market.
The global drug discovery informatics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of drug discovery informatics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Main market competitors:
Some of the major competitors currently working in the drug discovery informatics market are Jubilant Life Sciences Ltd., IBM Corporation, Infosys Limited, Thermo Fisher Scientific, PerkinElmer Inc., Schrödinger, LLC, Dassault Systemes, Charles River, Selvita, Certara, LP, GVK Biosciences Private Limited, Collaborative Drug Discovery, Inc., OpenEye Scientific Software, IO Informatics, Inc., Albany Molecular Research Inc., Insilico Medicine, Charles River, Boehringer Ingelheim International GmbH.
- The increase in the rate of oncology and infectious diseases is driving the growth of drug discovery informatics.
- Rising R&D investment drives the market
- The high cost of installation hinders the growth of this market
- The lack of trained and qualified professionals is constraining.
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Key Market Developments:
- In November 2018, Accenture announced the launch of its Open Partner Ecosystem whose primary focus is to help software vendors and life science companies do drug discovery. It will help businesses improve their efficiency and productivity. It will also give researchers access to genomic data analysis, biological data storage, biological registration, and more.
- In February 2018, Certara announced the launch of its new version 10 of the D360™ computing platform. It is a visualization solution that will be used in chemoinformatics and bioinformatics data sources which helps the researcher to decide whether it is useful or not. This will help the researcher to make a quick decision. It also has a new presentation capability that will simply convert raw data to sample view.
Key information in the report:
- Complete and distinct analysis of market drivers and restraints
- Major market players involved in this industry
- Detailed market segmentation analysis
- Competitive analysis of key players involved
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Drug Discovery Informatics Market Opportunities, Growth and Forecast for the Next Coming Year to 2028 – Androidfun.com
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