Computer-Aided Drug Discovery Market Will Exhibit an Impressive Expansion by 2024-2031

The global computer aided drug discovery market is anticipated to grow at a CAGR of 11.5% during the forecast period. Rising drug discovery and development activities owing to the rising prevalence of infectious and chronic diseases is contributing to the growth of the global computer-aided drug discovery market. Several partnerships for drug discovery and development have been witnessed over the years, which in turn, are boosting the market growth.

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Recent Partnerships for Drug Discovery

• September 2021- Huadong Medicine and Insilico Medicine entered into a co-development agreement to accelerate the discovery of breakthrough small-molecule therapeutics by leveraging an innovative approach in the oncology field. Under the collaboration, Insilico and Huadong Medicines launched a new drug discovery project involving the R&D team of both parties. The collaboration will leverage Huadong Medicine's advanced innovative drug discovery in combination with Insilico's end-to-end AI-driven rug discovery platform. The project leads to hit undruggable targets that regulate tumor growth.

• May 2022- SOM biotech announced that it has signed a licensing agreement with the Ministry of Minnesota. With this collaboration, the University of Minnesota conducted a series of in vitro studies on potential pre-clinical product candidates for Duchenne and Becker muscular dystrophy identified using SOM Biotech's exclusive platform, SOMAIPRO. Somaipro assists in identifying drugs effective for the treatment of a specific disease, discovering new mechanisms of action and new applications for a drug, and predicting the toxicity of the compounds, as well as the molecular scaffolds for compounds active on a given target. While other AI-based approaches use methods based on data mining, structural similarity, or the target structure, SOMAIPRO uses molecular fields, allowing for an increased rate of success, with results achieved in the shortest possible time and considerably reducing the costs associated with drug discovery.

Global Computer-Aided Drug Discovery Market Report by Segment

By Type

• Structure-Based Drug Design
• Ligand-Based Drug Design
• Sequence-Based Approaches

By Therapeutic Area

• Oncology
• Neurology
• Cardiovascular Disease
• Respiratory Disease
• Diabetes

By End-User

• Pharmaceutical Companies
• Biotechnology Companies
• Research Laboratories

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Computer-Aided Drug Discovery Market- Segment by Region

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Aris Pharmaceuticals Inc.
• ArrayGen Technologies Pvt. Ltd.
• BioDuro- Sundia
• BOC Sciences
• Nimbus Therapeutics
• Oxford Drug Design
• Pharmaron
• Profacgen
• WuXi AppTec

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