Drug Discovery Informatics Market - Growth, Trends, and Forecast (2019-2024)

The market is segmented by Function (Sequencing and Target Data Analysis, Docking, Molecular Modelling, Libraries and Database Preparation, and Others), End-User, and Geography.

Market Snapshot

Drug Discovery Informatics Market_1
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

15.3%

Key Players:

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Market Overview

  • The drug discovery informatics market is estimated to register a CAGR of 15.3%, over the forecast period, 2019-2024. 
  • The cost of research and development in drug discovery is rising significantly.
  • Most clinical trials for drugs are sponsored by pharmaceutical companies that spend millions of money for drug development. This, in turn, acts as the primary reason for the products to turn so expensive.
  • Drug discovery is the area of research and development that accounts for the most amount of time and money.
  • The time frame can range from 4–25 years and costs can be thousands of millions of dollars.
  • The healthcare industry was facing major challenges, such as increasing costs, unacceptable error rates, and dissatisfied patients and providers.
  • Drug discovery informatics uses sophisticated bioinformatics algorithms to process data related to drug, disease, protein, pathway, gene expression, and to sequence data and extend the flexible architecture to build new customized approaches and algorithms for diverse aspects of drug discovery which would help to minimize the cost for drug development.
  • The other factors, such as pharmaceutical companies gaining more interest in drug discovery and the urgent need to limit the drug discovery and development cost, are driving the drug discovery informatics market.

Scope of the Report

  • The information technology supporting the drug discovery process is known as drug discovery bioinformatics.
  • With the vast amount of biochemical data generated from experiments conducted by research laboratories around the world, there is strong demand for software to analyze and manage the data effectively which will drive the market studied.
Function
Sequencing and Target Data Analysis
Docking
Molecular Modeling
Libraries and Database Preparation
Other Functions
End User
Pharmaceutical and Biotechnology Companies
Contract Research Organizations (CROS)
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia - Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Pharmaceutical and Biotechnology Companies are Expected to Grow with High CAGR in the Forecasted Period

  • Informatics analysis in drug discovery not only accelerates drug target identification and drug candidate screening and refinement but also facilitates the characterization of side effects and predict drug resistance. 
  • High-throughput data, such as genomic, epigenetic, genome architecture, cistromic, transcriptomic, proteomic, and ribosome profiling data have all made a significant contribution to mechanism-based drug discovery.
  •  Informaticians in drug discovery use high-throughput molecular data in comparisons between symptom-carriers (patients, animal disease models, cancer cell lines, etc.) and normal controls. 
  • Additionally, only 10 percent of drug molecules that are identified in research make it through development which means that many potential drugs do not make it to market, and expensive time and resources are invested m molecules that will generate no revenue.
  •  So, simulation and informatics can significantly increase the odds by improving the efficiency of drug development, cutting costs, and improving margins for pharmaceutical and biotechnology companies.
  • Thus, increasing the application of Informatics in drug discovery is augmenting the growth of the market.
  • Additionally, major pharmaceutical companies have established high throughput screening facilities and have invested in automation to screen large compound libraries.
  • There is pharmaceutical bioinformatics which is a new discipline in the area of the genomics revolution.
  • It is central to biomedicine with application in areas, like pharmacy, medicine, biology, and medicinal chemistry, which will help in the growth of the market in future forecast.

 

Drug Discovery Informatics Market_6

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North America Dominates the Market and is Expected to do Same in the Forecast Period

  • North America is expected to dominate the overall market, throughout the forecast period.
  •  In the North America region, the United States holds the largest market share and this is due to the increasing R&D on drug discovery and technological advancements in data mining and analytics.
  • This has helped the growth of the drug discovery informatics market in the country.
  • The advancement terms of informatics research are well supported by the healthcare IT sectors, the demand for new drugs in a lesser timeline, and the cost for infrastructure.
  • These factors drive the importance and market growth in the North America region better than other parts of the world. 
Drug Disovery Informatics Image 3

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Competitive Landscape

  • The drug discovery informatics market is competitive and consists of a few major players. In terms of market share, these major players currently dominate the market.  
  • Some of the major players in the market are GVK Biosciences, Infosys, IBM, and PerkinElmer, among others.

Major Players

  1. GVK Biosciences
  2. Infosys
  3. IBM
  4. Novo Informatics
  5. PerkinElmer

* Complete list of players covered available in the table of contents below

Drug Discovery Informatics Market_4

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Technological Advancements in Data Mining and Analytics

      2. 4.2.2 Increasing R&D on Drug Discovery

    3. 4.3 Market Restraints

      1. 4.3.1 High Pricing and Setup Cost of Informatics Software

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Function

      1. 5.1.1 Sequencing and Target Data Analysis

      2. 5.1.2 Docking

      3. 5.1.3 Molecular Modeling

      4. 5.1.4 Libraries and Database Preparation

      5. 5.1.5 Other Functions

    2. 5.2 End User

      1. 5.2.1 Pharmaceutical and Biotechnology Companies

      2. 5.2.2 Contract Research Organizations (CROS)

      3. 5.2.3 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia - Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Collaborative Drug Discovery

      2. 6.1.2 Dassault Systmes

      3. 6.1.3 GVK Biosciences

      4. 6.1.4 IBM

      5. 6.1.5 Infosys

      6. 6.1.6 IO Informatics

      7. 6.1.7 Jubilant Life Sciences

      8. 6.1.8 Novo Informatics

      9. 6.1.9 Perkinelmer

      10. 6.1.10 Thermo Fisher Scientific

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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