The Drug Discovery Informatics Market Size was surveyed at USD 3.56 billion out of 2023 and is supposed to addition to USD 8.52 billion by 2031, stretching out at a CAGR of 11.5% from 2024 to 2031.
A technology approach for evaluating and deciphering massive amounts of biological data is called drug discovery informatics. The information is gathered from clinical laboratory research experiments and is used to produce insights into the creation of various medications. Drug discovery informatics uses complex bioinformatics algorithms to process information about drugs, diseases, proteins, pathways, gene expression, and sequence data. It also extends the flexible architecture to build new, specialised approaches and algorithms for various aspects of drug discovery, which would help to lower the cost of drug development. Numerous hardware- and software-based tools are used for sequencing, target data processing, data visualization, docking, molecular modelling, and database security in the process of finding and developing new drugs. Because of this, it is commonly utilised by healthcare facilities, businesses involved in the pharmaceutical and biotechnology industries, and contract research organisations (CROs).
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DRIVERS
Increased investment in informatics research by the biotechnology and pharmaceutical sectors
Growing interest in, funding for, and demand for research into orphan drugs and uncommon diseases
Utilize informatics to concentrate on drug discovery
RESTRAINTS
Informatics software setup fees are very expensive
OPPORTUNITIES
Expired patents
expanding market for biologics and the biotechnology sector
expansion in emerging markets
CHALLENGES
Lack of qualified professionals
Countries' health systems have made significant investments in R&D to fight the COVID-19 virus during the current pandemic. Finding small molecule medications for COVID-19 treatment has been a focus of research teams around the world. The need for the drug discovery bioinformatics market therefore increases as a result of the ongoing pandemic and the increased drug development of medications. According to a study published in the journal Chemical Society Review with the title "A critical overview of computational approaches employed for COVID-19 drug discovery," a significant portion of research has been devoted to the identification of new drug candidates or the repurposing of already approved medications for COVID-19. According to the researcher, in order to find new drugs and drug combinations, computational tools must produce testable, experimentally actionable hypotheses. He also contends that open science and quick dissemination of research findings are essential for accelerating the development of novel, urgently needed COVID-19 therapeutics. As a result, the COVID-19 has a big impact on the market for drug discovery information.
By Workflow Type
Drug Discovery and Drug Development are two segments of the market. A substantial focus on the creation of precision pharmaceuticals caused the discovery informatics to dominate the industry. Personalized medical care is provided to patients based on their genetic and molecular profiles. Businesses offer discovery informatics solutions for utilising analytics for quick drug discovery, such PerkinElmer, Inc. The use of bioinformatics for quick medicine discovery is also being supported by the governments of numerous developing nations.
By Mode Type
Due to an increase in collaborations between pharmaceutical companies and contract development and manufacturing businesses, the category will continue to grow at a consistent CAGR during the projection period (CDMOs). Reports on novel drug entities are created by contract research organisations (CROs), which are then used by the sponsor or drug maker to submit to the U.S. FDA.
Partnering with a CRO that offers the same informatics solution as a pharmaceutical or biotechnology company has advantages. The CRO and the companies use a shared informatics platform to track study progress in a manner similar to how they track their own internal research. This aids the business in reducing costs and increasing productivity, which is anticipated to present the market's firms with a wealth of lucrative prospects.
By Service Type
With the fastest CAGR during the forecast period, the category will continue to hold the leading position. The creation of primary and secondary databases of nucleic acid, protein, and other biomolecule sequences makes extensive use of bioinformatic tools. The mining and storage of genome sequencing data are done using informatics tools in order to discover the genes and targeted proteins that will aid in the creation of prospective medications. Additionally, using various databases and sequence analysis tools like CLUSTALW, BLAST, and FASTA are necessary for doing fundamental drug discovery research. The introduction of novel and cutting-edge software is also a factor in the segment's expansion.
Users of the informatics platform can organize peptide sequences according to colour code and property. Due to its extensive use in the drug development process, molecular modelling is becoming more and more popular. These technologies are used to model and simulate biological systems and tiny molecules in order to comprehend and predict their molecular behavior. Additionally, they improve hit-to-lead optimization and hit discovery's cost-efficiency more quickly.
By Workflow Type
Discovery Informatics
Identification, Validation, & Assay Development Informatics
Lead Generation
Development Informatics
Lead Optimization
FHD Preparation
Phase IA
Phase IB/2
By Mode Type
Outsourced
In-house
By Service Type
Sequence Analysis Platforms
Docking
Clinical Trial Data Management
There are four primary geographic divisions for the medication revelation informatics market: North America, Europe, Asia Pacific, and the Rest of the World (RoW). The market for drug discovery informatics was dominated by North America, with Europe a close second. The presence of established CROs and increased R&D spending by pharmaceutical and biopharmaceutical businesses are two factors that contribute to North America's significant market share globally.
During the projected period, the CAGR for the Asia Pacific region is predicted to be the highest. Factors include the booming pharmaceutical and biopharmaceutical industries, the rise in CROs, and the lack of strict standards for drug discovery processes are all contributing factors.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the major key players are as follows: Accenture, Boehringer Ingelheim International GmbH, Oracle, Certara, Agilent Technologies, Inc., Charles River, Infosys Ltd., Eurofins DiscoverX Products, Laboratories, Jubilant Biosys, Collaborative Drug Discovery, Inc., Selvita and Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 3.56 Billion |
| Market Size by 2031 | US$ 8.52 Billion |
| CAGR | CAGR of 11.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Workflow Type (Discovery Informatics (Identification, Validation, & Assay Development Informatics, Lead Generation), Development Informatics (Lead Optimization, FHD Preparation, Phase IA, Phase IB/2) • By Mode Type (Outsourced, In-house) • By Service Type (Sequence Analysis Platforms, Molecular Modeling, Docking, Clinical Trial Data Management) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Accenture, Boehringer Ingelheim International GmbH, Oracle, Certara, Agilent Technologies, Inc., Charles River, Infosys Ltd., Eurofins DiscoverX Products, Laboratories, Jubilant Biosys, Collaborative Drug Discovery, Inc., Selvita |
| DRIVERS | • Increased investment in informatics research by the biotechnology and pharmaceutical sectors • Growing interest in, funding for, and demand for research into orphan drugs and uncommon diseases • Utilize informatics to concentrate on drug discovery |
| RESTRAINTS | • Informatics software setup fees are very expensive |
Ans: The Drug Discovery Informatics market size was valued at US$ 3.56 billion in 2023.
Ans: The Drug Discovery Informatics Market is to grow at a CAGR of 11.5% over the forecast period 2024-2031.
Outsourced, and In-house are the sub segments of component of Drug Discovery Informatics market.
Drivers, Restraints, Opportunities, and Challenges are the factors of marketing dynamics Drug Discovery Informatics market.
The growing interest in, funding for, and demand for research into orphan drugs and uncommon diseases utilize informatics to concentrate on drug discovery are the key drivers of the Drug Discovery Informatics market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Drug Discovery Informatics Market Segmentation, By Workflow Type
8.1 Discovery Informatics
8.1.1 Identification, Validation, & Assay Development Informatics
8.1.2 Lead Generation
8.2 Development Informatics
8.2.1 Lead Optimization
8.2.2 FHD Preparation
8.2.3 Phase IA
8.2.4 Phase IB/2
9. Drug Discovery Informatics Market Segmentation, By Mode Type
9.1 Outsourced
9.2 In-house
10. Drug Discovery Informatics Market Segmentation, By Service Type
10.1 Sequence Analysis Platforms
10.2 Molecular Modeling
10.3 Docking
10.4 Clinical Trial Data Management
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12.Company Profiles
12.1 Accenture
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Boehringer Ingelheim International GmbH
12.3 Oracle
12.4 Certara
12.5 Agilent Technologies, Inc.
12.6 Charles River
12.7 Infosys Ltd.
12.7 Eurofins DiscoverX Products
12.8 Laboratories
12.9 Jubilant Biosys
12.10 Collaborative Drug Discovery, Inc.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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