Drug Discovery Informatics Market by Function (Target Data, Sequencing Data Analysis, Docking) Solution (Software, Services), Application (Drug Development), End User (Pharmaceutical, Biotechnology, Contract Research Organizations)-Global Forecast to 2025" The global drug discovery informatics market is projected to reach USD 3.5 billion in 2025 from USD 2.2 billion in 2020, at a CAGR of 9.3% during the forecast period. Market growth is largely driven by factors such as the rising RD expenditure, growing support for research, especially in the area of rare diseases, and the increasing use of informatics in drug discovery.
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Key Market Players
The major companies in the drug discovery informatics market include Jubilant Life Sciences Limited (India), Charles River Laboratories (US), IBM (US), Clarivate Analytics (US), and Accenture (Ireland). These players have adopted various growth strategies such as product launches, acquisitions, to increase their presence in the global drug discovery informatics market.
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By function, the sequencing and target data analysis segment accounted for the largest share for the drug discovery informatics market.
The sequencing and target data analysis segment accounted for the largest share of the drug discovery informatics market for the function segment of the market in 2019. The large share of this segment can be attributed to increased application for sequencing analysis for the new drug entity and ease of handling of information from different sources and different domains.
By the end-user, the pharmaceutical companies segment accounted for the largest share of the drug discovery informatics market.
The pharmaceutical companies segment accounted for the largest share of the drug discovery informatics market in 2019, and pharmaceutical companies are using these informatics software extensively for pre-clinical research development, target identification, compound screening and lead identification, and streamlining their drug discovery process which is the major factor for driving the growth of this segment
By application, the drug development segment accounted for the largest share of the drug discovery informatics market.
The drug development segment accounted for the largest share of the drug discovery informatics market in 2019, large share of this segment is primarily attributed to the increasing investments in the research and development of new drug molecules and the growing need for time and cost optimization for drug discovery and development.
This report categorizes the drug discovery informatics market into the following segments and subsegments:
By Function
- Sequencing and Target Data Analysis
- Docking
- Molecular Modelling
- Library Database Preparation
- Other functions
By Application
- Drug Discovery
- Drug Development
By Solution
- Software
- Services
By End User
- Pharmaceutical Companies
- Biotechnology Companies
- Contract Research Organization (CROs)
Recent Developments:
- In May 2019, Jubilant selected the CDD Vault informatics platform as its discovery research informatics platform for five years
- In May, 2019, Dassault Systemes acquired Medidata Solution adding its clinical expertise and cloud-based solutions to Dassault portfolio
- In September 2019 Evotec collaborated with Takeda Pharmaceutical Company Limited to establish five drug discovery programs with clinical candidates from Evotec for further clinical development by Takeda across multiple therapy areas
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North America accounted for the largest share of the market.
The drug discovery informatics market is divided into four major regions-North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2019, North America accounted for the largest share of the global drug discovery informatics market, closely followed by Europe. The large share of North America in the global market can be attributed to the presence of well-established CROs, rising RD expenditure by pharmaceutical and biopharmaceutical companies
The Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Factors such as the rapid growth in the pharmaceutical and biopharmaceutical industry, rising number of CROs, and the presence of less-stringent regulations for drug discovery processes
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