Vancouver, BC -- (SBWIRE) -- 12/23/2020 -- In Silico Drug Discovery Market

The Global In Silico Drug Discovery Market size is predicted to reach a value of USD 6.34 Billion by 2027 at a CAGR of 13%, according to a recent report by Emergen Research. The in silico drug discovery methods include pharmacophores, databases, homology models, quantitative structure-activity relationships, machine learning, data mining, analysis tools used by a computer. Artificial Intelligence is nowadays widely used for drug discovery.

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Leading Players Profiled in the Report Include:

Certara USA, Inc., Albany Molecular Research Inc., Chemical Computing Group ULC, Charles River, Dassault System (Biovia), Collaborative Drug Discovery Inc., Evotec A.G., ICAGEN, Inc., GVK Biosciences Private Limited, and Novo Informatics Pvt. Ltd., among others.

Market Drivers

The market is witnessing growing significance due to several factors including, increase in the biomarker identification market,reduction in readmission rates and medical errors and development in Insilico drug discovery techniques. The recent COVID-19 outbreak has dramatically increased the market demand for In silico drug discovery. The adoption of the in silico drug discovery for the detection of the coronavirus in patients and the discovery of novel treatment methods for the disease is expected to foster market growth during the forecast period. The use of AI technology makes the whole process of drug discovery very efficient, quick, and cost-effective which is expected to drive market growth during the forecast period.

Workflow Outlook (Revenue, USD Billion; 2017-2027)
Discovery
Target Identification
Reverse Docking
Bioinformatics
Protein Structure Prediction
Target Validation
Lead Discovery
Pharmacophore
Library Design
Preclinical Tests
Clinical Trials

Product Outlook (Revenue, USD Billion; 2017-2027)
Consultancy as a Service
Software as a Service (Cloud)
Software

Type of Large Molecule Outlook (Revenue, USD Billion; 2017-2027)
Proteins
Antibodies
Nucleic Acids
Peptides
Vectors

End-User Outlook (Revenue, USD Billion; 2017-2027)
Contract Research Organizations
Pharmaceutical Industry
Academic and Research Institutes
Others

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Key Summary of the In Silico Drug Discovery Market Report:

Insightful information regarding the global In Silico Drug Discovery market
Identification of growth in various segments and sub-segments of the In Silico Drug Discovery market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision making process through the detailed description of the drivers, restraints, growth prospects, and limitations
Thorough SWOT analysis and Porter's Five Forces analysis along with feasibility analysis and investment return analysis

Regional Outlook

The Asia Pacific market for in silico drug discovery is predicted to grow at a significant CAGR of around 13.6% during the forecast period. The high population and the high patient pool, along with a high rise in the number of hospitals and super-speciality clinics, are the major factors contributing to the Asia Pacific regional market growth during the forecast period.

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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