Drug Discovery Informatics Market to grow at a CAGR of 14.45%|
NEW YORK, Oct. 18, 2021 /PRNewswire/ — The drug discovery informatics market is expected to grow by USD 3.54 billion from 2021 to 2025, progressing at a CAGR of 14.45% according to the latest market report by Technavio.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Certara Inc., Collaborative Drug Discovery Inc., Dassault Systemes SE, Infosys Ltd., International Business Machines Corp., Melissa Inc., OpenEye Scientific Software Inc., PerkinElmer Inc., Schrodinger Inc., and Thermo Fisher Scientific Inc. are some of the major market participants. The increasing R&D investment by the pharmaceutical and biopharmaceutical companies, drug discovery with reduced time and cost by using in silico modeling tools, and the increasing outsourcing activities for drug discovery will offer immense growth opportunities. However, the high setup cost of drug discovery informatics might hamper the market growth.
Drug Discovery Informatics Market 2021-2025: Segmentation
Drug Discovery Informatics Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our drug discovery informatics market report covers the following areas:
Drug Discovery Informatics Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Drug Discovery Informatics Market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Drug Discovery Informatics Market 2021-2025: Key Highlights
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CAGR of the market during the forecast period 2021-2025
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Detailed information on factors that will assist drug discovery informatics market growth during the next five years
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Estimation of the drug discovery informatics market size and its contribution to the parent market
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Predictions on upcoming trends and changes in consumer behavior
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The growth of the drug discovery informatics market
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Analysis of the market’s competitive landscape and detailed information on vendors
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Comprehensive details of factors that will challenge the growth of drug discovery informatics market vendors
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