Drug Discovery Informatics Market Size Set to Surpass USD 6.8 Billion by 2031 with 10.9% CAGR as AI Revolutionizes Data Analysis in Drug Development | Transparency Market Research, Inc.
Growing reliance on sequencing technologies for data analysis drives innovation and efficiency in drug discovery informatics.
Wilmington, Delaware, United States, Transparency Market Research Inc. – , Nov. 04, 2024 (GLOBE NEWSWIRE) — The global drug discovery informatics market (약물 발견 정보학 시장) is estimated to flourish at a CAGR of 10.9% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for drug discovery informatics is estimated to
Global Drug Discovery Informatics Market: Regional Profile
- North America stands as a frontrunner, driven by technological advancements, robust infrastructure, and substantial investments in R&D. The presence of key players like Schrödinger and Certara fuels innovation, fostering a thriving market for informatics solutions.
- In Europe, particularly in countries like Germany and the UK, a strong emphasis on research excellence and collaborations between academia and industry defines the landscape. Companies like Genedata lead with sophisticated informatics platforms, leveraging Europe’s scientific expertise to advance drug discovery.
- The Asia Pacific region emerges as a burgeoning hub, witnessing rapid growth due to increasing investments in healthcare infrastructure and rising demand for novel therapeutics. Countries like China and India foster innovation, propelled by government initiatives and a burgeoning biotech sector. While the market is evolving, companies such as WuXi AppTec and Infosys contribute significantly, amplifying the region’s prominence in the global drug discovery informatics arena.
Product Portfolio
- Biogen Inc. pioneers in neuroscience, offering innovative therapies for neurological and neurodegenerative diseases like multiple sclerosis and Alzheimer’s. With a focus on groundbreaking research, Biogen aims to redefine treatment approaches, improving lives worldwide through advanced biotechnology and pharmaceutical solutions.
- Boehringer Ingelheim GmbH excels in healthcare, dedicated to enhancing patients’ lives. Focused on pharmaceuticals, the company delivers high-quality products in various therapeutic areas like respiratory, cardiovascular, and oncology, emphasizing innovation and patient-centricity in its global reach.
- Insilico Medicine, Inc. specializes in AI-driven drug discovery and development. Combining deep learning algorithms and bioinformatics, Insilico accelerates drug development, striving to address unmet medical needs efficiently. By revolutionizing traditional approaches, it aims to bring novel therapeutics to market faster, transforming healthcare landscapes globally.
Drug Discovery Informatics Market: Key Segments
By Product
- Discovery Informatics
- Development Informatics
By Mode
- In-house Informatics
- Outsourced Informatics
By Function
- Sequencing and Target Data Analysis
- Docking
- Lead Generation Informatics
- Identification and Validation Informatics
- Molecular Modeling
- Others
By End User
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations
- Others
By Region
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East & Africa
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