The global In Silico Drug Discovery Market is forecasted to be worth USD 6.34 Billion by 2027, according to a current analysis by Emergen Research. The constant increase in the number of patients suffering from chronic diseases and pharmaceutical companies investing heavily in the development of various drugs are also influencing the market growth. The In silico drug discovery process help in the design and development of novel products..The growing demand for cost-effective medicines and the advent in genomics and proteomics applications will drive the demand for In Silico Drug Discovery.
The in silico drug market is growing, and several pharmaceutical companies are focusing on the development of drugs using computer-aid. The pharma companies are taking advantage of the technology to discover drugs for more complex diseases. The in silico drug discovery is used in early preclinical research and development of small molecule drugs and in clinical candidates in various stages of medicine. Due to the advancement in information technology and innovative breakthroughs in computational chemistry, several new drug compounds are being discovered through this procedure. Another market driving the demand for intelligent drug discovery will be the availability of various options to carry out the standard options such as customization capabilities and data mining on the AI platform. However, lack of data sets in drug discovery and scarcity of skilled professionals will hinder market demand.
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Report Objective:
The report offers a complete analysis of the global In Silico Drug Discovery market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations.
In November 2020, Lead Pharma announced its collaboration and license agreement with Roche for the development of oral small molecules for the treatment of a broad range of immune-mediated diseases. Lead Pharma is using in silico lab for their computational chemistry, bioinformatics, and data mining activities.
The in silico molecular techniques are gaining popularity to engineer antibodies. It is used for the design of antibodies, including structure modeling, antibody stability evaluation, antibody-antigen complex prediction, and allosteric effects in antibodies and functions.
Key participants 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.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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In Silico Drug Discovery Market segmentation
For the purpose of this report, Emergen Research has segmented into the global In Silico Drug Discovery Market on the workflow, product, type of large molecule, end-user, and region:
- Workflow Outlook (Revenue, USD Billion; 2017-2027)
- Discovery
- Target Identification
- Reverse Docking
- Bioinformatics
- Protein Structure Prediction
- Target Validation
- Lead Discovery
- Pharmacophore
- Library Design
- Target Identification
- Discovery
-
- 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
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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