Stratview Research published a new report on the “Drug Discovery Informatics Market” that offers detailed segmentation of the market by Function Type (Sequencing & Target Data Analysis, Docking, Molecular Modelling, Library & Database Preparation, and Others), by Application Type (Drug Discovery, Drug Development), by Solution Type (Software, Services), by End-User Type (Pharmaceutical Companies, Biotechnology Companies, Contract Research Organizations (CROs), and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report, Drug Discovery Informatics market is likely to witness an impressive CAGR of 9.3% during the forecast period. The prime factors that are likely to drive the market are the increasing expenditure in R&D activities, growing support for research in the pharmaceutical areas, especially for rare diseases, and the escalating use of informatics for discovery of new drugs.
The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Covid Impact –
The Corona Virus Pandemic has caused significant losses in nearly every industry all over the world. The pandemic has had a rapid impact on the global economy, affecting the market's manufacturing, demand, and distribution network. The Drug Discovery Informatics Market has also been influenced by the unprecedented COVID-19 outbreak. The market analysts have thoroughly examined the market and gathered insightful data related to covid impact such as before and after market size, regional impact, financial losses, organic and inorganic growth factors, etc.
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Leading players in the market -
To build a successful business, it is vital to understanding the market - both the customers and the competitors. The report published consists of a list of key players active in the Drug Discovery Informatics Market, is given below -
· Accenture PLC
· Albany Molecular Research Inc.
· Charles River Laboratories International, Inc.
· Clarivate Analytics LLC
· Eurofins Scientific SE
· IBM Corporation
· Jubilant Life Sciences Limited
· PerkinElmer Inc.
· Schrödinger, Inc.
· Thermo Fisher Scientific Inc.
Report Findings
Based on the function type, the market is segmented as sequencing & target data analysis, docking, molecular modelling, library & database preparation, and others. The sequencing & target data analysis segment held the largest share of the market in 2019, owing to the increased application of sequencing analysis and ease of handling information from different sources and domains. The segment is likely to maintain its leading position during the forecast period as well.
Based on the end-user type, the drug discovery informatics market is segmented as pharmaceutical companies, biotechnology companies, contract research organizations (CROs), and others. The pharmaceutical companies’ segment led the market in 2019, and is expected to dominate the market over the forecast period. The growth of the segment is driven by the extensive use of software for pre-clinical research & developmental activities, target identification, compound screening and lead identification, and streamlining drug discovery processes.
In terms of regions, North America held the largest share of the market in 2019, followed by Europe. North America is expected to command the market during the forecast period as well. The dominant position of North America is due to the presence of major CROs and increasing expenditure by pharmaceutical and biopharmaceutical companies. On the other hand, Asia-Pacific is likely to grow at the highest CAGR during the forecast period, driven by the rapid growth of pharmaceutical and biopharmaceutical industries and growing number of CROs in the region, with China and India being the major countries offering promising growth opportunities over the forecast period.
FAQs in the report -
The research report aims to help the users learn about their market size and potential to connect with customers. This report answers to the following questions:
- How big is the potential Drug Discovery Informatics Market?
- Will this market grow or shrink in the future?
- Who are our top competitors or key players?
- What market share do the competitors own?
- How Covid19 has affected the market?
- How long will it take to recover from the Covid-impact?
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