[COVID-19] Drug Discovery Informatics Market – Analysis and In-depth Research

The future of drug discovery informatics will be the assimilation of distributed and heterogeneous data. Domain specific data mining and data integration such as genomic and chemical data will continue to offer significant opportunities for drug discovery informatics. Procurement and management of graphical, textual and undefined data are some of the challenges in this field. However, these will become a vital part of data searching as well as building knowledge and information-bases. These factors will eventually lead to the growth of the data discovery informatics market during the forecast period.

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Increasing chronic illnesses such as cancer, cardiovascular diseases (CVD), and diabetes mellitus is the chief concern for healthcare professionals and government organizations around the globe. The U.S. government in association with President’s Council of Advisors on Science and Technology (PCAST) has taken initiatives intended to improve financial stimulus to induce modernization in the pharmaceutical industry, which will drive the overall market for drug discovery informatics. Furthermore, collaborations amongst pharmaceutical companies have given rise to infusion of money and sharing of technologies amongst them, which has enabled these companies to develop local as well as global products.

With the advent of technology, innovative cloud-based and analytics technologies, storage and analysis of large amount of data is now possible at a lower cost. For example, Infosys popularized a cloud-based application to accelerate the management of data services for clinical trials. This in turn is likely to drive the whole drug design procedure. Infosys has been working in partnership with various clinical trial organizations and pharmaceutical companies to master the application and to provide easy access and management of data.

The facilities that are offered can be outsourced to other organizations or can be used in-house via licensed solutions. In-house informatics segment holds a significant market share in the present scenario owing to the presence of information technology platforms in most of the companies. However, outsourced informatics segment is likely to grow at a considerable pace during the forecast period as the key industry players are opting for collaborations with the IT providers to increase their access to the tools and databases for clinical drug discovery.

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Europe accounted for the major market share in the drug discovery informatics market. Some of the major factors for the same are rise in the clinical discovery ventures as well as various activities carried out by research institutes, universities, and companies. Nonetheless, Asia Pacific is predicted to grow at a significant pace during the forecast period owing to high prospect of drug nanotechnology sector in this region as well as advancements in research software.

Some of the key players operating in the global drug discovery informatics market are Albany Molecular Research, GVK Biosciences, Infosys, Certara, ChemAxon, Jubilant Biosys, DiscoverX, Novo Informatics, Charles River Laboratories, Boehringer Ingelheim GmbH, and Selvita.

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Drug Discovery Informatics market Taxonomy

On the basis of mode, the global drug discovery informatics market is classified into:

In-House Informatics
Outsourced Informatics
On the basis of service segment, the global market is classified into:

Sequence Analysis Platforms
Molecular Modelling
Docking
Clinical Trial Data Management
Others
On the basis of product segment, the global market is classified into:

Discovery Informatics
Identification & Validation Informatics Assay Development Informatics
Lead Generation Informatics
Development Informatics
Lead Optimization
FHD Preparation
Phase IA Informatics
Phase IB/2 Informatics

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