Size of the $6.25 billion drug discovery informatics market, globally, by 2028 at a CAGR of 11.3%: Verified Market Research®
JERSEY CITY, NJ, January 12, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Drug Discovery Informatics Market“By mode (in-house, outsourced), by workflow (drug discovery, drug development), by services (sequence analysis platforms, docking) and by geography. According to verified market research, the size of the global drug discovery informatics market has been valued at $2.39 billion in 2020 and is expected to reach $6.25 billion by 2028, growing at a CAGR of 11.3% from 2021 to 2028.
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202 – Pages
126 – Tables
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Overview of the global drug discovery informatics market
The drug discovery informatics market is expected to gain momentum in the coming years driven by advancements in high-performance computing and web services, increasing adoption of in silico modeling tools, growing volume of drug discovery data and growing demand for new medical fractions. . The launch of advanced drug discovery information technology is expected to intensify industry competition. For example, in January 2021, Certara, Inc. released version 20 of the Simcyp Physiologically-based Pharmacokinetic Simulator (PBPK) platform.
The new models help to assess and analyze the action of drugs during pregnancy and lactation. In addition, he helps clients make critical decisions regarding optimizing the safety and efficacy profile of drugs. Companies are also increasingly adopting IT solutions to shorten the long lead time to drug discovery. For example, in December 2020, Curve Therapeutics Ltd. set up the CDD Vault platform to manage its genetically encoded Microcycle platform. It is a ubiquitous hosted platform suitable for applications in pharmaceutical, biotechnology and academic institutes for securing and transparently sharing real-time data, thus facilitating collaborative discoveries.
Significant growth in the healthcare and pharmaceutical industries across the globe represents one of the major factors creating a positive outlook for the market. Additionally, the rising prevalence of chronic medical conditions and growing need for effective solutions to treat rare diseases are also increasing the market growth. Drug discovery informatics is widely used by pharmaceutical organizations for the analysis of new drug entities and the processing of biological information from multiple sources.
- In May 2019, Jubilant has chosen the CDD Vault computing platform as its discovery research computing platform for five years.
- In May 2019, Dassault Systèmes has acquired Medidata Solution adding its clinical expertise and cloud-based solutions to Dassault’s portfolio.
- In September 2019 Evotec has collaborated with Takeda Pharmaceutical Company Limited to establish five drug discovery programs with Evotec clinical candidates for further clinical development by Takeda in several therapeutic areas.
Major market players are Infosys Ltd., Charles River Laboratories, Collaborative Drug Discovery, Inc., Eurofins DiscoverX Products, Jubilant Biosys, Selvita, Novo Informatics Pvt. Ltd., ChemAxon Ltd., Albany Molecular Research Inc. and Oracle.
Verified Market Research has segmented the global drug discovery informatics market on the basis of mode, workflow, services, and geography.
- Drug Discovery Informatics Market, By Mode
- Drug Discovery Informatics Market, By Workflow
- drug discovery
- Drug development
- Drug Discovery Informatics Market, By Services
- Sequence analysis platforms
- Drug Discovery Informatics Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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