Drug Discovery Informatics Market Demands and Gross Margin 2026
Drug discovery
informatics and development is an extremely complex process that
involves generation of large volumes of data. At present the market
for drug discovery informatics is largely unmet. The existing
approaches to gather information from various sources have been dealt
with in some cases where the data types are very least well-defined
or largely homogeneous. Nonetheless, the world on the verge of a new
age of drug discovery informatics, the methods and approaches in
which are dealing with gathering information from data and knowledge
from information are experiencing a paradigm shift. The demands of
this industry are well defined: huge amounts of data are produced
using various innovative technologies and the restraint is searching,
integrating, and accessing this data. Additionally, the inclination
is to make important development decisions in the early life cycle of
the discovery process.
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It has become
crucial to take care of these issues with the vast amount of data
available from ongoing projects and also from early efforts of drug
development. The future of drug discovery informatics will be the
assimilation of distributed and heterogeneous data. Domain specific
data mining and data integration such as genomic and chemical data
will continue to offer significant opportunities for drug discovery
informatics. Procurement and management of graphical, textual and
undefined data are some of the challenges in this field. However,
these will become a vital part of data searching as well as building
knowledge and information-bases. These factors will eventually lead
to the growth of the data discovery informatics market during the
forecast period.
Increasing chronic
illnesses such as cancer, cardiovascular diseases (CVD), and diabetes
mellitus is the chief concern for healthcare professionals and
government organizations around the globe. The U.S. government in
association with President’s Council of Advisors on Science and
Technology (PCAST) has taken initiatives intended to improve
financial stimulus to induce modernization in the pharmaceutical
industry, which will drive the overall market for drug discovery
informatics. Furthermore, collaborations amongst pharmaceutical
companies have given rise to infusion of money and sharing of
technologies amongst them, which has enabled these companies to
develop local as well as global products.
Drug Discovery
Informatics market Taxonomy
On the basis of
mode, the global drug discovery informatics market is classified
into:
In-House
Informatics
Outsourced
Informatics
On the basis of
service segment, the global market is classified into:
Sequence
Analysis Platforms
Molecular
Modelling
Docking
Clinical
Trial Data Management
Others
On the basis of
product segment, the global market is classified into:
Discovery
Informatics
Identification & Validation Informatics Assay Development
Informatics
Lead
Generation Informatics
Development
Informatics
Lead
Optimization
FHD
Preparation
Phase IA
Informatics
Phase
IB/2 Informatics
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Advent of
technology and the increasing number of clinical trials will drive
the overall drug discovery informatics market
With the advent of
technology, innovative cloud-based and analytics technologies,
storage and analysis of large amount of data is now possible at a
lower cost. For example, Infosys popularized a cloud-based
application to accelerate the management of data services for
clinical trials. This in turn is likely to drive the whole drug
design procedure. Infosys has been working in partnership with
various clinical trial organizations and pharmaceutical companies to
master the application and to provide easy access and management of
data.
The facilities that
are offered can be outsourced to other organizations or can be used
in-house via licensed solutions. In-house informatics segment holds a
significant market share in the present scenario owing to the
presence of information technology platforms in most of the
companies. However, outsourced informatics segment is likely to grow
at a considerable pace during the forecast period as the key industry
players are opting for collaborations with the IT providers to
increase their access to the tools and databases for clinical drug
discovery.
Europe accounted for
the major market share in the drug discovery informatics market. Some
of the major factors for the same are rise in the clinical discovery
ventures as well as various activities carried out by research
institutes, universities, and companies. Nonetheless, Asia Pacific is
predicted to grow at a significant pace during the forecast period
owing to high prospect of drug nanotechnology sector in this region
as well as advancements in research software.
Some of the key
players operating in the global drug discovery informatics market are
Albany Molecular Research, GVK Biosciences, Infosys, Certara,
ChemAxon, Jubilant Biosys, DiscoverX, Novo Informatics, Charles River
Laboratories, Boehringer Ingelheim GmbH, and Selvita.
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