Press release
Rapid Ascend in Drug Discovery Informatics Market: Growth Propelled by Genomics Advancement and Rise in Outsourcing
Drug Discovery Informatics Market Size
What Is The Projected Market Size Of The Global Drug Discovery Informatics Market And Its Growth Rate?
• The market is predicted to grow from $3.69 billion in 2024 to $4.09 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 11.1%.
• The trend of fast-paced growth is expected to continue, with the market swelling to $6.98 billion in 2029 at a CAGR of 14.3%.
What Is Driving The Growth In The Drug Discovery Informatics Market?
The global increase in various chronic diseases is a major driver for the growth of the drug discovery informatics market. Chronic conditions, typically lasting a year or longer, require ongoing medical attention and restrict everyday activities. Drug discovery informatics tools enable complex and transient molecular analysis to shape disease progression and drug response, leading to intricate models of the entire hierarchy in healthy, diseased and treated states. In 2022, the World Health Organization reported an expected global mortality of 41 million from non-communicable diseases (NCDs), accounting for 74% of global deaths. This includes millions of premature deaths, primarily in low and middle-income countries. With the highest death toll from cardiovascular diseases followed by cancer, chronic respiratory diseases, and diabetes, the rise in chronic diseases is a significant contributor to the growth of the drug discovery informatics market.
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Who Are the Key Players Driving Drug Discovery Informatics Market Growth?
Some significant players shaping the drug discovery informatics market include:
• accenture** Plc.
• Certara Inc.
• Charles River Laboratories Inc.
• Infosys Ltd.
• Collaborative Drug Discovery Inc.
• Eurofins DiscoverX Products Inc.
• Jubilant Biosys Ltd.
• Selvita S.A.
• PerkinElmer Inc.
• International Business Machines Corporation, and others.
What Are The Key Trends In The Drug Discovery Informatics Market?
Spurring growth in the market are key trends such as:
• AI and Machine learning integration
• Digital twins in drug development
• Collaboration platforms
• Blockchain for data security
• Advancements in imaging technologies
• Cloud-based informatics platforms
What Are The Segments Of The Global Drug Discovery Informatics Market?
The drug discovery informatics market is segmented by:
1) Service: In-House, Outsourced
2) Modality: Cloud-Based Systems, In-Campus
3) Application: Data Sequencing, Molecular Docking, Identification And Validation, Target Data Analysis
4) End-User: Pharmaceutical Companies, Contract Research Organizations, Bio-Technology Companies
Which Region Leads The Drug Discovery Informatics Market?
North America leads the drug discovery informatics market spectrum as of 2024. However, Asia-Pacific is projected as the fastest-growing region in this market during the forecast period. The report also covers other regions spanning Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Drug Discovery Informatics Market Global Market Report?
- Market Size Analysis: Analyze the Drug Discovery Informatics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Drug Discovery Informatics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Drug Discovery Informatics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Drug Discovery Informatics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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