Computer-aided drug discovery market to reach $7.5 billion globally by 2030 at a CAGR of 11.48%: Allied Market Research
Rising cases of chronic and unknown diseases and rapid drug development are driving the growth of the global computer-aided drug discovery market.
PORTLAND, Oregon., July 13, 2022 /PRNewswire/ — Allied Market Research has released a report titled, ‘Computer-aided drug discovery market by type (Structure Based Drug Design, Ligand-Based Drug Design, Sequence-Based Approaches), by therapeutic area (oncology, neurology, cardiovascular diseases, respiratory diseases, diabetes, others), by end user (pharmaceutical companies, biotechnology companies, Research Laboratories): Global Opportunities Analysis and Industry Forecast, 2021-2030.’ According to the report published by Allied Market Research, the global computer-aided drug discovery market was estimated at $2.9 billion in 2021 and is expected to reach $7.5 billion by 2030, registering a CAGR of 11.48% from 2022 to 2030. The report provides detailed analysis of changing market dynamics, major segments, value chain, major investment pockets , the regional scenario and the competitive landscape.
Download the report (PDF of 180 pages with information, graphs, tables, figures): https://www.alliedmarketresearch.com/request-sample/17201
Main determinants of growth-
Rising cases of chronic and unknown diseases and rapid drug development are driving the growth of the global computer-aided drug discovery market. On the other hand, the shortage of skilled manpower to operate the computer-aided drug discovery solutions is hampering the growth to some extent. However, several growth prospects in both developed and developing economies have been beneficial for the growth of the market.
Despite the fact that the Covid-19 pandemic has had a devastating effect on several industries, the computer-aided drug discovery market has been driven positively throughout the global health crisis.
Increase in R&D activities among scientists, researchers, biotech and biopharmaceutical companies to limit the spread of the disease has had a positive impact on the market.
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The oncology segment to retain the lion’s share-
Based on therapeutic area, the oncology segment held the largest share in 2021, attracting nearly a quarter of the global computer-aided drug discovery market. The same segment should also quote the fastest CAGR of 12.29% throughout the forecast period. Increase in R&D activities to discover new drugs is driving the growth of the segment.
The segment of pharmaceutical companies to dominate by 2030-
By end-user, the pharmaceutical companies segment contributed the lion’s share in 2021, holding more than two-fifths of the global computer-aided drug discovery market. The biotech company segment, on the other hand, is expected to show the fastest CAGR of 11.97% from 2022 to 2030. Rising dispatch of R&D to develop biologics for the treatment of several diseases is propelling the growth of the segment.
North America exhibited the fastest CAGR throughout the forecast period-
By region, the market across North America dominated in 2021, attracting more than a third of the global computer-aided drug discovery market. The Asia Pacific The region, simultaneously, is expected to quote the fastest CAGR of 12.84% throughout the forecast period. Growing number of biotechnology companies and R&D expenditures are the major factors driving the market growth.
Key Industry Players-
- Schrodinger, Inc.
- Bayer AG
- Aragen Life Sciences Pvt. ltd.
- Aris Pharmaceuticals, Inc.
- Astra Zeneca
- Albany Molecular Research Inc. (AMRI)
- Bioduro Sundia
- Charles River Laboratories
Main benefits for stakeholders
The study provides an in-depth analysis of the Computer-Aided Drug Discovery market size along with current trends and future estimations to elucidate the impending investment pockets.
It offers an analysis of the Computer-Aided Drug Discovery market from 2021 to 2031, which is expected to enable stakeholders to capitalize on the existing opportunities in the market.
A comprehensive analysis of four regions is provided to determine the prevailing opportunities.
The profiles and growth strategies of key players are thoroughly analyzed to understand the competitive prospects for the growth of the global computer-aided drug discovery market.
We also offer regional and national reports –
North America Computer Aided Drug Discovery Market
Japanese computer-aided drug discovery market
South Korea Computer Aided Drug Discovery Market
Singapore Computer Aided Drug Discovery Market
Australian market for computer-aided drug discovery
European market for computer-aided drug discovery
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Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. CEO of Allied Market Research Pawan Kumar is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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SOURCE Allied Market Research