Global Drug Discovery Informatics Market Predicted to Expand at a Remarkable CAGR of 17% During 2017 – 2025
Global drug discovery informatics market is anticipated to register CAGR of over 17.0% from 2017 to 2025 to reach value of approximately US$ 7.8 Bn by 2025.
Albany, NY -- (SBWire) -- 04/10/2018 --The global market discussion on drug discovery informatics can be found in the latest study, added to the wide repository of Market Research Hub (MRH). The research study is titled as "Drug Discovery Informatics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025", which majorly aims to provide wide-ranging insights into the market current scenario and future growth prospects during the mentioned forecast period of 2017-2025. The global market growth has been analyzed in terms of revenue and volume estimates (in US$ Mn and Thousand Units), across different geographies such as North America, Europe, Asia-Pacific, Middle East and Africa and Latin America. Besides, prominent countries covered in the report include the U.S., Canada, Germany, U.K., France, China, Japan, India, GCC, South Africa and Brazil.
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According to the research key findings, the demand in the global drug discovery informatics market will grow at a prominent CAGR of 17.0% during the forecast period of 2017 to 2025. The analysts have also estimated that the global drug discovery informatics market will be worth US$ 7.8 Bn by the end of 2025.
Market Snapshot and Factors Fueling Market Growth
Drug discovery and development is a highly complex process which requires the generation of very large amounts of data and information. Nowadays the drug discovery informatics computer applications are used by the healthcare industry and most of the pharmaceutical, and biotechnological companies have employed scientists to use drug discovery informatics for future years. The drug discovery informatics offers higher autonomy to more researchers, and also the laboratory scientists, and better decision-making tools.
The cost and time of drug discovery are reduced to a very large extent in comparison with the traditional drug discovery process, these drivers are likely to fuel the expansion of the global drug discovery informatics market from 2017 to 2025. Presently, the growing technological advancements in the drug discovery informatics that are engaged by computational informatics are leading to developments in scientific innovation. This has led the adoption of drug discovery informatics in pharmaceutical and research organizations.
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Moving further, the research provides information and data analysis of the global market with respect to the segments based on of product, mode, function, and end-user. Based on the product, the market is divided into development informatics and discovery informatics. In terms of mode the market can be categorized into outsourced informatics, and in-house informatics. Major functions of drug discovery informatics include sequencing and target data analysis, docking, lead generation informatics, identification & validation informatics, molecular modeling, and others. For clear insights on these segments, the research offers market volume forecast, until the end of 2025.
In the later section, to assist in proper decision-making, the report includes the profiling of top players in this industry. The key players include Insilico Medicine, Inc., Charles River Laboratories International, Inc., Albany Molecular Research Inc. (AMRI), Thermo Fisher Scientific, PerkinElmer Inc., Biogen Inc., Boehringer Ingelheim GmbH, International Business Machines Corporation, Schrödinger, LLC, and Certara, L.P.
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