Drug Discovery Informatics Market size to exceed USD 6.5 billion by 2023

1
Drug Discovery Informatics Market size
anticipated to reach USD 6.5 billion by 2023
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Regional Analysis of Drug Discovery Informatics
Market

• North America drug discovery informatics market
  share was around 30 in 2015 owing to the
  introduction of novel insilico tools by some
  organizations.
• In Europe, demand for these services increased
  due to upsurge in the therapeutic discovery
  ventures and activities carried out by
  universities, research institutes, and other
  companies.
• Asia Pacific is forecast to be an attractive
  regional segment over the next few years. Factors
  responsible for this growth include drug
  nanotechnology sector and ongoing research in
  software.

3
Application Analysis of Drug Discovery
Informatics Market

• Rising chronic illness such as cardiovascular
  diseases (CVD), oncology, diabetes mellitus, and
  other infectious diseases is the major concern
  for healthcare providers and government
  organizations worldwide.
• Collaborations between pharmaceutical companies
  and insilico vendors have resulted in efficient
  growth of the industry to develop global as well
  as local products.
• Shortage of information technology and critical
  aspects of data evaluation are forecast to hamper
  global demand in the coming years.
• With the introduction of innovative analytics and
  cloud based technologies, it is possible to
  process, store and analyze large amount of
  datasets at lower cost.
• For instance, Infosys developed a cloud based
  application to expedite the supply management
  services for clinical trials, which is
  anticipated to improve the whole drug design
  procedure.

4
Competitive Market Share of Drug Discovery
Informatics Market

• Global drug discovery informatics market size is
  expected to record considerable progress over the
  forecast timeframe because of the introduction of
  novel platforms and related data analysis
  services obtained from clinical trials.
• Perkin Elmer and Albany Molecular Research Inc.
  (AMRI) collaborated for facilitating
  translational research in drug design sector in
  2015.
• Key participants involved are Infosys, Certara,
  Charles River Laboratories, Boehringer Ingelheim
  GmbH, Albany Molecular Research, ChemAxon,
  Selvita, GVK Biosciences, Novo Informatics,
  DiscoverX, and Jubilant Biosys.
• Companies are involved in geographical expansion
  by providing services in untapped regional
  industries and also collaborate with universities
  and academic research institutes.

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