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.

Rise in cases of chronic and unknown diseases and rapid drug development drive the growth of the global computer-aided drug discovery market. On the other hand, shortage of skilled labor to operate computer-aided drug discovery solutions impedes the growth to some extent. However, several growth prospects in the developed and developing economies have been beneficial for the market growth.

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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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• Covid 19 impact trends and perspective

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• 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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