Stratview Research has launched a new report, titled Drug Discovery Informatics Market is Segmented by Function Type (Sequencing & Target Data Analysis, Docking, Molecular Modelling, Library & Database Preparation, and Others), by Application Type (Drug Discovery, Drug Development), by Solution Type (Software, Services), by End-User Type (Pharmaceutical Companies, Biotechnology Companies, Contract Research Organizations (CROs), and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Covid-19 Impact Analysis:

Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.

According to the report, Drug Discovery Informatics market is likely to witness an impressive CAGR of 9.3% during the forecast period. The prime factors that are likely to drive the market are the increasing expenditure in R&D activities, growing support for research in the pharmaceutical areas, especially for rare diseases, and the escalating use of informatics for discovery of new drugs.

Market Segments’ Analysis

Based on the function type, the market is segmented as sequencing & target data analysis, docking, molecular modelling, library & database preparation, and others. The sequencing & target data analysis segment held the largest share of the market in 2019, owing to the increased application of sequencing analysis and ease of handling information from different sources and domains. The segment is likely to maintain its leading position during the forecast period as well.

Based on the end-user type, the drug discovery informatics market is segmented as pharmaceutical companies, biotechnology companies, contract research organizations (CROs), and others. The pharmaceutical companies’ segment led the market in 2019, and is expected to dominate the market over the forecast period. The growth of the segment is driven by the extensive use of software for pre-clinical research & developmental activities, target identification, compound screening and lead identification, and streamlining drug discovery processes.

In terms of regions, North America held the largest share of the market in 2019, followed by Europe. North America is expected to command the market during the forecast period as well. The dominant position of North America is due to the presence of major CROs and increasing expenditure by pharmaceutical and biopharmaceutical companies. On the other hand, Asia-Pacific is likely to grow at the highest CAGR during the forecast period, driven by the rapid growth of pharmaceutical and biopharmaceutical industries and growing number of CROs in the region, with China and India being the major countries offering promising growth opportunities over the forecast period.

Key Players

The following are the key players in the Drug Discovery Informatics Market.

  • Accenture PLC
  • Albany Molecular Research Inc.
  • Charles River Laboratories International, Inc.
  • Clarivate Analytics LLC
  • Eurofins Scientific SE
  • IBM Corporation
  • Jubilant Life Sciences Limited
  • PerkinElmer Inc.
  • Schrödinger, Inc.
  • Thermo Fisher Scientific Inc.

Frequently Asked Questions –

This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:

  • What is the current and future market size of Drug Discovery Informatics Market?
  • How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
  • What will be the short and long-term effects of the pandemic?
  • How are other market factors affecting the market dynamics?
  • Which segments offer high-growth opportunities in the long run?
  • How fierce is the Drug Discovery Informatics Market competition?
  • What are the key emerging trends and unmet needs in the present market?
  • What are the strategic growth opportunities and key success factors?

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