Drug Discovery Informatics Market Forecast, Regional Trends and Potential of the Market 2027

[Priya Raut]

Overview:

The global report on the drug discovery informatics market, as Market Research Future (MRFR) suggests, can grow by 11.5% CAGR during the forecast period of 2018 to 2023.

Demand for specific knowledge about diseases, boost in funding and research facilities from various pharmaceutical companies, and better technological integration would mainly promote the drug discovery informatics market forecast. Growing participation from biotechnology companies would be a plus for the market. The market is also getting driven by the rising demand for precision drugs and joint ventures between pharmaceutical companies or academic institutes and IT companies. Countering chronic diseases has also emerged as a market booster.

However, higher setup costs and the price of the associated tools may act as a market restraint. In developing and underdeveloped countries, the prospect of such a market is bleak. But changes in South Korea, China, and India are showing positive opportunities.

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Segmentation:

The global market for drug discovery informatics has been discussed by MRFR analysts on the basis of product, mode, service, and end user. This segmentation provides a better understanding of the global market and facilitates various possibilities in terms of future development of strategies.

By product, the report on the drug discovery informatics market includes discovery informatics and development informatics. Both of these segments are getting better support from pharmaceutical companies.

By mode, the market report on the drug discovery informatics comprises in-house informatics and outsourced informatics. Several pharmaceutical companies are now relying on outsourced informatics for better precision and results.

By service, the market includes molecular modelling, docking, clinical trial data management, sequencing and target data analysis, and others. The sequencing and target data analysis segment is slated to take charge of the global market as it is getting substantial traction from end users.

By end user, the market report on the drug discovery informatics includes contract research organizations (CROs), pharmaceutical and biotechnology industries, and others.

Regional Analysis:

The Americas have a leading position in the market as it is getting a high level of investment from countries like the US and Canada. These countries have a superior infrastructure to support the research and development facilities. Also, the influx of investments to boost the procedures do not slacken much. The demand for better drugs is quite high owing to which regional companies have locked their horns. This has become productive for the market.

In Europe, the state expenditure to boost the study in this field is rising. France, Germany, Italy, the UK, Sweden, and others are spending notably, which can boost the market in the coming years.

Competitive Landscape:

The global market for drug discovery informatics is gaining significant traction from several end user companies who are trying to get improvise and increase their profit margin. These companies are PerkinElmer, Inc., Thermo Fisher Scientific, Inc., Infosys Limited, Certara, L.P., Collaborative Drug Discovery Inc., Novo Informatics Pvt. Ltd., Charles River Laboratories, Inc., Selvita, Jubilant Life Sciences Ltd., International Business Machines Corporation, GVK Biosciences Private Limited, IO Informatics, Inc., and Dassault Systèmes. Among their several marketing strategies, mergers, acquisitions, collaborations, spurring investment for R&D, innovations, branding, and others play prominent roles. MRFR recorded its latest moves in the report to provide greater insight into the market and its probable formative options for the coming years.

Industry News:

In April 2020, IBM Research declared that it are developing a new cloud and artificial intelligence-based technologies that would help researchers accelerate drug discovery and treatment. This is particularly to take control of the situation of the COVID-19 pandemic. The entire process was made in collaboration with IBM Watson Health. The company also announced that they would also provide free tools that would help with the informatics.

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