The goal of discovery informatics is to create systems that can work more efficiently with large amounts of clinical trial and treatment data. In simple terms, drug discovery informatics uses advanced bioinformatics algorithms to process data about drugs, proteins, diseases, pathways, gene expression, and sequence data, as well as expanding the modular architecture to create new customised methods and algorithms for different aspects of drug discovery, lowering drug development costs. It also supports consumers in making critical decisions about medicine safety and efficacy profiles. Informatics technology is constantly being used by companies to reduce the time it takes to develop a new drug. Drug creation takes time and necessitates the study of vast volumes of data and knowledge.
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Key Driving Factors: Growing research spending on informatics:
One of the major factors driving the growth and demand of the drug discovery informatics market is the pharmaceutical and biotechnology industries' increasing research spending on informatics. In addition, over the forecast period of 2021 to 2027, increasing demand and funding for rare disease and orphan drug research, as well as a growing emphasis on drug discovery using informatics tools, are all contributing to the global market's growth.
This report offers the major market player’s profiles, such as Jubilant Biosys, IBM, Infosys Limited, Eurofins Scientific, Thermo Fisher Scientific, PerkinElmer Inc., Schrödinger, Inc., Dassault Systèmes, Charles River Laboratories, Selvita, Certara, GVK Biosciences Private Limited, Collaborative Drug Discovery, Inc, OpenEye Scientific Software, IO Informatics, Inc., Albany Molecular Research Inc., Accenture, Cognizant, Insilico Medicine and Boehringer Ingelheim International GmbH
Opportunities: Increase in no. of chronic illness:
The implementation of new insilico tools by some organisations, as well as an increase in chronic illness such as cardiovascular diseases, oncology, diabetes mellitus, and other infectious diseases, are all contributing to the market's growth. Furthermore, one of the major factors driving the growth of the drug discovery informatics market is the rapid advancements in software versions for processing, data aggregation and analysis, and data visualisation. Over the forecast period, increased usage of cloud-based services would ensure high market growth.
By End User:
The pharmaceuticals segment accounted for the largest share of the drug discovery informatics market; pharmaceutical companies use this informatics software extensively of pre-clinical research and development, target tracking, compound screening, and lead identification, as well as revamping their drug discovery process, which is a key factor driving the market's development.
The Drug Discovery Informatics Market report has been categorized as below
● Sequencing and Target Data Analysis
● Molecular Modelling
● Library & Database Preparation
● Other functions
● Drug Discovery
● Drug Development
By End Users
● Pharmaceutical Companies
● Biotechnology Companies
● Contract Research Organization (CROs)
● Other End Users
● North America
● Asia Pacific
● Rest of World
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Published Date : April-2021