In the current market scenario, there is a growing demand for discovery informatics solutions. The major factors driving the growth of the global market include the rising R&D expenditure, the increasing focus on drug discovery, and need to control the drug discovery and development cost.

The global drug discovery informatics market is projected to reach USD 2.84 Billion in 2022 from USD 1.50 Billion in 2016, at CAGR of 11.2% during forecast period. The base year considered for the study is 2016, and the forecast for the market size is provided for the period between 2017 and 2022.

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On the other hand, the scarcity of skilled professionals, and high pricing and setup cost of informatics software are the major factors restraining the growth of this market.

The key players in the drug discovery informatics market are IBM (US), Infosys (India), Schrödinger (US), PerkinElmer (US), and Thermo Fisher Scientific (US). These players focus on inorganic strategies such as acquisitions, agreements, and collaborations as well as organic strategies such as product launches and expansions to sustain their growth in the global market.

Target Audience:

• Providers drug discovery informatics solution
• Pharmaceutical companies
• Academic institutes
• Biotechnology companies
• Research institutes
• Government associations
• Contract research organizations (CROs)

North America is expected to account for the largest share of the global drug discovery informatics market. Asia Pacific is expected to register the highest growth rate from 2017 to 2022. This can be attributed to the fastest-growing APAC pharmaceutical market in the world, the availability of many qualified researchers, and the low cost of human resources and manufacturing.

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List of Figures (25 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Bottom Up Approach
Figure 4 Top Down Approach
Figure 5 Drug Discovery Informatics Market, By Function, 2017 vs 2022 (USD Billion)
Figure 6 Drug Discovery Informatics Market, By Solution, 2017 vs 2022 (USD Billion)
Figure 7 Drug Discovery Informatics Market, By End User, 2017 vs 2022 (USD Billion)
Figure 8 Geographical Snapshot of Drug Discovery Informatics Market (2017-2022)
Figure 9 Rising Focus on Reducing Operational Costs—A Primary Growth Driver of The Drug Discovery Informatics Market
Figure 10 Software Segment Will Continue to Dominate The Drug Discovery Informatics Market in 2022