Press release
In-Silico Drug Discovery Market is on an Upward Growth Curve
According to the latest research by InsightAce Analytic, the Global In-Silico Drug Discovery Market Size is valued at USD 3.4 Billion in 2024 and is predicted to reach USD 12.8 Billion by the year 2034 at a 14.5% CAGR during the forecast period for 2025-2034.
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In-silico drug discovery refers to the utilization of computational methodologies to identify and develop new pharmaceutical compounds through advanced algorithms, molecular simulations, and software-based modeling. This approach is instrumental in forecasting the biological activity, safety profile, and therapeutic efficacy of potential drug candidates, thereby expediting the overall drug development process. By minimizing the time and financial resources required for traditional experimental screening, in-silico techniques enable researchers to evaluate a wider spectrum of chemical entities and uncover novel therapeutic prospects that may be overlooked by conventional discovery methods.
List of Prominent Players in the In-Silico Drug Discovery Market:
• Chemical Computing Group ULC.
• Collaborative Drug Discovery Inc.
• Dassault Systemes
• Aragen Life Sciences Pvt. Ltd.
• Curia Global, Inc.
• Certara,
• Charles River
• e-therapeutics plc.
• Evotec
• Insilico Medicine
• Ligand Pharmaceuticals Incorporated
• Numerate, Inc.
• PerkinElmer Inc.
• Schrödinger, Inc.
• Aragen Life Sciences Pvt. Ltd.
• Curia Global, Inc.
• Certara,
• Charles River
• Selvita
• Simulations Plus
• Tracxn Technologies
• WuXi AppTec
Market Dynamics:
Drivers-
The global in-silico drug discovery market is witnessing robust growth, primarily driven by advancements in computational biology and related technologies. These innovations have significantly transformed the process of identifying novel therapeutic compounds by optimizing data analysis and sequencing methodologies. Improved computational biology techniques have enhanced the precision and efficiency of drug discovery, resulting in faster research cycles.
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Challenges:
Despite its numerous advantages, the in-silico drug discovery sector encounters several challenges, primarily due to the high computational demands of simulating complex biological systems. The duration of these simulations often depends on the complexity of the system, typically spanning from nanoseconds to microseconds.
Regional Trends:
North America is expected to lead the in-silico drug discovery market in terms of revenue share and is projected to register a high compound annual growth rate (CAGR) in the coming years. This dominance is driven by the increasing demand for treatments targeting rare diseases, such as cystic fibrosis and amyotrophic lateral sclerosis (ALS), as well as the region's advanced supply chain capabilities. In contrast, the Asia-Pacific region is anticipated to experience significant market expansion, supported by government-led initiatives to upgrade healthcare infrastructure, increased research and development spending, and the growing implementation of cloud-based technologies in the pharmaceutical discovery process.
Recent Developments:
• In May 2023, Aragen Life Sciences and FAR Biotech spearheaded a collaborative initiative to advance the neurodegeneration preclinical program. To support FAR Biotech's quantum biomodelling approach, Aragen has been chosen to provide integrated drug discovery (IDD) services.
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Segmentation of In-Silico Drug Discovery Market-
By Products-
• Software
• Software-as-a-Service (SaaS)
• Consultancy-as-a-Service
By Workflow-
• Discovery
o Target Identification
Bioinformatics
Reverse Docking
Protein Structure Prediction
o Target Validation
o Lead Discovery
Library Design
Pharmacophore
o Pre-Clinical Tests
o Clinical Trials
By Technology-
• Artificial Intelligence
• Graphics Processing Unit (GPU)
• Other Technologies
o In-Silico Fishing
o RNN for Drug Design
By Software Type-
• Molecular modelling and de novo drug design software
• Pharmacophore Modelling software
By End User-
• Contract Research Organizations
• Pharmaceutical and Biopharmaceutical Companies
• Academic and Research Institutes
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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