Press release
Computer-Aided Drug Discovery Market to Witness Huge Growth by (2023 - 2030) Key Players BOC Sciences, Bioduro-Sundia, Schrödinger, Inc., Aragen Life Sciences Pvt. Ltd.
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The computer-aided drug discovery market size was $2.9 billion in 2021, and is estimated to reach $7.5 billion by 2030, growing at a CAGR of 11.48% from 2022 to 2030.
Increased cases of chronic and unknown diseases, strategic alliances among market players, and rise in drug demand drive the growth of the global computer aided drug discovery market. However, shortage of skilled labor to operate computer-aided drug discovery solutions restricts the market growth.
COVID-19 scenario:
Owing to increased R&D activities among scientists, researchers, and biotechnological and biopharmaceutical companies to limit the spread of the coronavirus disease, the market for computer-aided drug discovery has grown at a faster rate.
The increase in transmutation rate of coronavirus motivated scientists worldwide to develop an effective treatment or drug against this lethal virus. As a result, the importance of research and drug discovery skyrocketed, driving the market growth.
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VALUE PROPOSITIONS RELATED TO THE REPORT:
• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on 'Strategic Developments' registered by leading players of the market.
Leading Market Players
Schrödinger, Inc.
Bayer AG
Aragen Life Sciences Pvt. Ltd.
Aris Pharmaceuticals, Inc.
AstraZeneca
Albany Molecular Research Inc. (AMRI)
Bioduro-Sundia
Charles River Laboratories
North America exhibited the fastest CAGR throughout the forecast period-
By region, the market across North America dominated in 2021, garnering more than one-third of the global computer-aided drug discovery market. The Asia-Pacific region, simultaneously, is anticipated to cite the fastest CAGR of 12.84% throughout the forecast period. Increasing number of biotechnology companies and R&D expenditure is the major factor are the major factors driving the market growth.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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