According to Emergen Research, the global in silico drug discovery market size was USD 2.68 billion in 2020 and is expected to reach USD 7.16 billion in 2028 and register a revenue CAGR of 13.0% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “In Silico Drug Discovery Market, By Workflow (Discovery, Preclinical Tests, Clinical Trials), By Product Type (Consultancy-as-a-Service, Software-as-a-Service, Software), By Molecule Type (Proteins, Antibodies, Nucleic Acids, Peptides, Vectors), By End-use (Pharmaceutical Industry, Contract Research Organizations, Academic and Research Institutes), and By Region, Forecast to 2028”
According to Emergen Research, the global in silico drug discovery market size was USD 2.68 billion in 2020 and is expected to reach USD 7.16 billion in 2028 and register a revenue CAGR of 13.0% during the forecast period, 2021-2028.
Market Dynamics:
Major factors expected to drive the global in silico drug discovery market revenue growth continuous advancements in in silico drug discovery technologies, growing implementation of these techniques in genomic and proteomic research activities, innovations and advances in bioinformatics technology, and increasing focus on development of cost-effective, personalized medicine. Increasing adoption of advanced biomarker identification technologies, growing need for reducing medical errors and decreasing hospital readmission rates, increasing partnerships & collaborations between leading academic institutes and pharmaceutical and biotechnology companies, and rising government investments in research & development activities being held in the life sciences sector are among the other key factors boosting revenue growth of the market.
In silico drug discovery is a technique that helps to determine new molecules from the molecule library. The technique finds application in development of personalized medicine and identification of drug targets in faster and more cost-effective ways. Moreover, in silico drug discovery technique is increasingly being used to develop COVID-19 diagnostic methods and therapies.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/373
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Consultancy-as-a-Service Segment Accounted for Largest Revenue Share in 2019:
Based on product type, the global in silico drug discovery market is segmented into consultancy-as-a-service, software-as-a-service, and software. The consultancy-as-a-service segment dominated other product type segments in terms of revenue share in the global market in 2020, owing to some favorable factors. Such factors include rapid adoption of consultancy-as-a-service (CaaS) as the de-facto approach to business consultancy due to the flexible consumption model of the service and high suitability for small and medium-sized businesses.
Antibodies Segment to Register Fastest Revenue CAGR:
Based on molecule type, the global in silico drug discovery market is segmented into proteins, antibodies, nucleic acids, peptides, and vectors. The antibodies segment is expected to dominate other segments in terms of fastest revenue growth rate in the global market over the forecast period. Rapidly rising COVID-19 cases across the world, growing demand for effective vaccines and drugs to protect against the novel coronavirus infection, and increasing utilization of antibodies as curative agents in the research & development of vaccines are among the key factors contributing to the revenue growth of this segment.
Asia Pacific Market to Account for Fastest Revenue Growth Rate:
Among regional markets, the Asia Pacific in silico drug discovery market is projected to register the fastest revenue growth rate in the global market over the forecast period, owing to many favorable factors. Major factors driving the revenue growth of Asia Pacific market are growing prevalence of chronic and acute diseases, increasing need for cost-effective and personalized medicine, increasing deployment of the in silico drug discovery technique in genomic and proteomic R&D activities, and rising healthcare expenditures of individuals. Rapid advancement of the region’s healthcare infrastructure is another major factor driving the regional market revenue growth.
Buy your Exclusive copy @ https://www.emergenresearch.com/select-license/373
Major Companies in the Market 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
- Novo Informatics Pvt. Ltd.
For the purpose of this report, Emergen Research has segmented the global in silico drug discovery market based on workflow, product type, molecule type, end-use, and region:
Workflow Outlook (Revenue, USD Billion; 2018-2028)
- Discovery
- Target Identification
- Reverse Docking
- Bioinformatics
- Protein Structure Prediction
- Target Validation
- Lead Discovery
- Pharmacophore
- Library Design
- Preclinical Tests
- Clinical Trials
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Consultancy-as-a-Service
- Software-as-a-Service (Cloud)
- Software
Molecule Type Outlook (Revenue, USD Billion; 2018-2028)
- Proteins
- Antibodies
- Nucleic Acids
- Peptides
- Vectors
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Pharmaceutical Industry
- Contract Research Organizations
- Academic and Research Institutes
- Others
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/in-silico-drug-discovery-market
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Explore more Reports from Emergen Research:
Battery Materials Market Analysis By Battery Type (Lead-Acid, Lithium-Ion, Others), By Material Type (Metal & Metal Oxide, Other Chemical Compounds), By Application (Consumer Electronics, Automotive, Grid Storage, Others), By Region, Forecasts to 2027
Sustainable Packaging Market Size, Share, Trends, By Materials (Plastic, Paper & Paperboard, Glass, Metal), By Packaging Type, By End Users, Forecasts to 2027
Agriculture Surfactants Market By Type (Non-ionic, Anionic, Cationic, Amphoteric), By Substrate (Synthetic, Bio-based), By Application (Insecticide, Herbicide, Fungicide), Forecasts to 2027
Electric Vehicle Battery Market Size, Share, Trends, By Battery Type (Lead-acid, Lithium-ion, Others), By Vehicle Type (Commercial, Passenger), and By Propulsion (Plug-In Hybrid, Battery), Forecasts to 2027
Anti-Reflective Coatings Market By Resin Type (Acrylic, Urethane, Epoxy), By Technology (Electron Beam, Sputtering), By Application (Eyewear, Electronic, Solar Panels, Automotive), Forecasts to 2027
Nanopatterning Market By Type (Nanoimprint Lithography, E-beam lithography, Others), By Technology (Soft lithography, UV nanoimprint lithography, Others), Application (Consumer Electronics, Healthcare, Foundry, Others), By Region Forecasts to 2027
Polylactic Acid Market By Product Type (Racemic PLLA (Poly-L-lactic Acid), Regular PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid), PDLLA (Poly-DL-lactic Acid)), Distribution Channel, BY Application (Packaging, Textile, Transport, Agriculture, Electronics, Medical), Forecasts to 2027
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.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Full Press Release@ https://www.emergenresearch.com/press-release/global-in-silico-drug-discovery-market