Press release
Advancements and Opportunities in the Global Computer-Aided Drug Discovery Market
The global computer-aided drug discovery market is witnessing growth due to the rise in chronic and unknown diseases and accelerated drug development. While a shortage of skilled labor hampers growth, various growth prospects in developed and developing economies are fostering market expansion.
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Impact of COVID-19 on the Market:
Despite the challenges posed by the COVID-19 pandemic to many industries, the computer-aided drug discovery market experienced positive growth. Increased R&D efforts by scientists, researchers, biotech, and biopharmaceutical companies aimed at combating the disease contributed to this growth.
Therapeutic Area Insights:
In 2021, the oncology segment dominated the market, capturing nearly one-fourth of the global share. This segment is expected to grow at a CAGR of 12.29% during the forecast period, driven by increased R&D for new drug discovery.
End-User Analysis:
The pharmaceutical companies segment led the market in 2021, accounting for over two-fifths of the total market share. Meanwhile, the biotechnology companies segment is forecasted to grow at the fastest CAGR of 11.97% from 2022 to 2030, propelled by increased R&D for biologic drug development.
Regional Market Dynamics:
North America led the market in 2021, capturing more than one-third of the global market share. Conversely, the Asia-Pacific region is projected to grow at the fastest CAGR of 12.84% during the forecast period, driven by a growing number of biotech companies and increased R&D investment.
Key Industry Players:
Schrödinger, Inc.
Bayer AG
Aragen Life Sciences Pvt. Ltd.
Aris Pharmaceuticals, Inc.
AstraZeneca
Albany Molecular Research Inc. (AMRI)
Bioduro-Sundia
Charles River Laboratories
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Key Benefits for Stakeholders:
Comprehensive analysis of market size, current trends, and future prospects to identify investment opportunities.
Forecast for the computer-aided drug discovery market from 2021 to 2031 to guide stakeholders in leveraging market opportunities.
Detailed regional analysis to identify growth opportunities across different regions.
In-depth analysis of key players' profiles and growth strategies to understand the competitive landscape.
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About Allied Market Research:
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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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