Drug Discovery Informatics Market Size Worth $5.62 Billion By 2028 | CAGR: 11.4%
The global drug discovery informatics market size is expected to reach USD 5.62 billion by 2028 according to a new study by Polaris Market Research. The report “Drug Discovery Informatics Market Share, Size, Trends, Industry Analysis Report, By Workflow (Discovery Informatics, Development Informatics); By Mode (Outsourced, In-house); By Services (Sequence Analysis Platforms, Molecular Modeling, Docking, Clinical Trial Data Management, Others); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
In 2020, the sequence analysis market segment accounted for the largest share and is likely to register a significant market growth over the study period. For sequence analysis, bioinformatics tools play an important role. They are widely used for the development of in-proprietary databases of protein, nucleic acid, and other biomolecule sequences. With the rising application of informatics solutions, gene sequencing is done through the identification of proteins and genes, which could further help in the development of potential drugs.
Basic drug discovery requires the involvement of different sets of databases, sequence analysis tools, such as BLAST, FASTA, and CLUSTALW. Moreover, the introduction of new products and software tools with higher computing capabilities are further contributing to the segment’s market growth. In July 2019, Certara introduced its new version of D360, a drug discovery platform. The platform enabled analysis, representation, alignment of the small sections of peptides.
The molecular modelling market segment is projected to witness a lucrative market growth over the study period. The technique is gaining popularity, owing to its wide applicability in the drug discovery process. Such tools are mostly used for the simulation of small molecules to predict their behaviour at the molecular level. Moreover, the technique is also able to accelerate cost-efficiency in the drug discovery process.
Moreover, accelerated COVID-19 drug discovery programs across the globe are further favouring
Similarly, companies in the marketplace are introducing services supporting or speeding up the drug development process. In this line, in June 2020, IBM visual molecular explorer platform was used to segregate a set of molecules targeting COVID-19. This is the open-source sharable AI-enabled platform involved in the initial screening of potential drug candidates.
Market participants in the industry include Certara, Infosys Ltd., Albany Molecular Research Inc., Charles River Laboratories, Boehringer Ingelheim, Collaborative Drug Discovery, Jubilant Biosys, Selvita, Novo Informatics, Eurofins DiscoverX Products, ChemAxon Ltd., Oracle, Accenture, Agilent Technologies, Inc., and Illumina, Inc.
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Polaris Market Research has segmented the drug discovery informatics market report on the basis of workflow, mode, Services, and region:
Drug Discovery Informatics, Workflow Outlook (Revenue – USD Million, 2016 – 2028)
· Discovery Informatics
o Identification, Validation, & Assay Development Informatics
o Lead Generation
· Development Informatics
o Lead Optimization
o FHD Preparation
o Phase IA
o Phase IB/2
Drug Discovery Informatics, Mode Outlook (Revenue – USD Million, 2016 – 2028)
· Outsourced
· In-house
Drug Discovery Informatics, Services Outlook (Revenue – USD Million, 2016 – 2028)
· Sequence Analysis Platforms
· Molecular Modeling
· Docking
· Clinical Trial Data Management
· Other Services
Drug Discovery Informatics, by Regional Outlook (Revenue – USD Million, 2016 – 2028)
· North America
· U.S.
· Canada
· Europe
· France
· Germany
· UK
· Italy
· Spain
· Netherlands
· Austria
· Asia Pacific
· China
· India
· Japan
· Malaysia
· South Korea
· Indonesia
· Central & South America
· Mexico
· Brazil
· Argentina
· Middle East & Africa
· UAE
· Saudi Arabia
· Israel
· South Africa
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Polaris Market Research is a global market research and consulting company. The company specialises in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semiconductor.
