Drug Discovery Informatics Market to witness growth by 2028 | Drivers and Opportunities| Key player Analysis IBM Corporation, Infosys Limited, Thermo Fisher Scientific

Global Drug Discovery Informatics market is accounted for $2.24 billion in 2020 and is expected to reach $5.27 billion by 2028 growing at a CAGR of 11.3% during the forecast period. Rising research & development (R&D) expenditure, growing support for research, especially in the area of rare diseases, and the increasing use of informatics in drug discovery are the major factors driving the market growth.

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By geography, North America is going to have high growth during forecast period due to the large share in the global market can be attributed to the presence of well-established contract research organization (CROs), rising R&D expenditure by pharmaceutical and biopharmaceutical companies.

Some of the key players profiled in the Drug Discovery Informatics Market include Albany Molecular Research Inc., Certara, L.P., Charles River, Selvita, Collaborative Drug Discovery, Inc, Dassault Systèmes, GVK Biosciences Private Limited, IBM Corporation, Infosys Limited, Insilico Medicine, IO Informatics, Inc., Jubilant Life Sciences Ltd., OpenEye Scientific Software, PerkinElmer Inc., Schrödinger, LLC and Thermo Fisher Scientific.

Types Covered in Drug Discovery Informatics Market
• In-House
• Outsourced

Solutions Covered:
• Software
• Services

Functions Covered:
• Clinical Trial Data Management
• Docking
• Library & Database Preparation
• Molecular Modelling
• Screening & Absorption, Distribution, Metabolism, Excretion and Toxicity (ADMET) Characterization
• Sequencing and Target Data Analysis

Informatics Workflows Covered:
• Discovery Informatics
• Development Informatics

Modalities Covered:
• Cloud Based Systems
• In Campus Platform

Applications Covered:
• Drug Discovery
• Drug Development

End Users Covered:
• Academic Institutes
• Biotechnology Companies
• Contract Research Organization (CROs)
• Government Organizations
• Hospital
• Pharmaceutical Companies
• University

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