Global Drug Discovery Informatics Market is expected to rise 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% in the forecast period of 2019-2026. Increasing investment on R&D is driving the growth of this market.
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Few of the major competitors currently working in drug discovery informatics market are Jubilant Life Sciences Ltd., IBM Corporation, Infosys Limited, Thermo Fisher Scientific, PerkinElmer Inc., Schrödinger, LLC, Dassault Systèmes, Charles River, Selvita, Certara, L.P., 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 study objectives of this report are :
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
- To analyze and study the global Drug Discovery Informatics sales, value, status (2019-2026) and forecast (2019-2026);
- To analyze the top players in North America, Europe, China, Japan, Southeast Asia and India, to study the sales, value and market share of top players in these regions.
- Focuses on the key Drug Discovery Informatics players, to study the sales, value, market share and development plans in future.
- Increasing rate of oncology and infectious disease is driving the growth of drug discovery informatics.
- Increasing investment on R&D is driving the market
- High installation cost is restraining the growth of this market
- Lack of trained and skilled professional is restraining.
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Segmentation: `Global Drug Discovery Informatics Market
(Sequencing & Target Data Analysis, Docking, Molecular Modelling, Libraries & Database Preparation, Other Functions),
(Pharmaceutical and Biotechnology Companies, Contract Research Organizations (CROS), Other End Users),
(Discovery Informatics, Development Informatics),
(In-House Informatics, Outsourced Informatics),
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Key Developments in the Market:
- In November 2018, Accenture announced the launch of their open partner ecosystem whose main aim is to help the software vendors and life sciences companies so that they can do drug discovery. It will help the companies to improve their efficiency and productivity. This will also give the access to the researchers to do genomics data analysis, biological data storage, biological registration etc.
- In February 2018, Certara announced the launch of their new informatics platform version 10 of D360™. It is a visualize solution which will be used in cheminformatics and bioinformatics data sources which help the researcher to decide whether it is useful or not. This will help the researcher in quick decision making. It also has new presentation capability that will simply convert raw data into the sample view.
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