Drug Discovery Informatics Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Workflow (Discovery Informatics and Drug Development), Service (Sequence Analysis Platform, Molecular Modeling, Clinical Trial Data Management, Docking, and Others), Solution (Software and Services), End User (Pharmaceutical and Biotechnology Companies, Contract Research Organizations, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
The Drug discovery informatics market was valued at US$ 3.07 billion in 2023 and is expected to reach US$ 8.17 billion by 2031; it is estimated to record a CAGR of 13.0% during 2023–2031.
Key factors driving the market growth are the increasing investments in the R&D of new drug molecules by pharmaceutical companies and the growing adoption of computational and information tools for drug discovery and development. However, the dearth of skilled technicians and the high cost of software setup hinder the drug discovery informatics market growth.
Market Trends of the Drug Discovery Informatics Market:
The deployment of AI and machine learning (ML) algorithms in drug development and discovery are revolutionizing drug development by enhancing these processes' efficiency, speed, and success rates. These technologies are used to analyze vast amounts of data, identify patterns, predict molecular interactions, and accelerate the discovery of novel drug candidates. The advantages offered by incorporating AI in informatics sciences have surged the demand for computational tools, algorithms, and databases to discover and develop new drug molecules. Additionally, healthcare technology manufacturers are launching various AI-integrated solutions in the market; this is positively contributing to the growing drug discovery informatics market size. For instance, as per the company press release, in December 2023, Merck introduced AIDDISON drug discovery software, an innovative AI solution that combines drug discovery and synthesis. It is the first software-as-a-service platform that bridges virtual molecule design and real-world manufacturability through Synthia retrosynthesis software API integration.
Additionally, leading tech companies are collaborating with academic institutions to develop information technology for drug discovery. For instance, in January 2023, Hitachi High-Tech Solutions Corporation announced the partnership with Keio University Faculty of Pharmacy, Department of Pharmaceutical Sciences, to conduct joint research that will use Materials Informatics (MI) to enhance the efficiency of developing small molecule drugs. The team will leverage the Chemicals Informatics (CI) MI tool for developing materials in the traditional chemical materials field and also in drug discovery, with a view to improving the Quality of Life (QoL) for people.
Thus, such technological advancements in drug discovery and product launches are anticipated to bring new drug discovery informatics market trends in the coming years.
Drug Discovery Informatics Market: Segmental Overview
The oncology biosimilars are segmented based on drug class, cancer type, and distribution channel.
By workflow, the market is bifurcated into discovery informatics and drug development. The discovery informatics segment held a larger market share in 2023. The drug development segment is projected to register a higher CAGR from 2023 to 2031. The deployment of informatics tools and databases has significantly reduced the time to market for new therapies. This has remarkably impacted society, especially during national and international disasters, such as the Zika and Wuhan virus outbreaks. As a result of exposure to current technology, informatics tools, and databases are expected to expand enormously in the coming years. These technologies will be essential in helping the public health sector find novel therapies, which, in turn, is anticipated to propel the drug discovery informatics market growth.
The market, by service, is segmented into sequence analysis platforms, molecular modeling, clinical trial data management, docking, and others. The sequence analysis platform segment is anticipated to hold the largest market share in 2023. The molecular modeling segment is projected to register the highest CAGR from 2023 to 2031.
By solution, the drug discovery informatics market is segmented into software and services. The services segment held a larger drug discovery informatics market share in 2023, and the same segment is projected to register a higher CAGR from 2023 to 2031.
Based on end user, the market is segmented into pharmaceutical and biotechnology companies, contract research organizations, and others. The pharmaceutical and biotechnology companies segment held the largest share of the market in 2023. The contract research organizations segment is expected to register the highest CAGR from 2023 to 2031.
Drug Discovery Informatics Market: Geographical Overview
The scope of the drug discovery informatics market report entails North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). Asia Pacific is expected to register the fastest CAGR in the Drug discovery informatics market from 2023–2031. This is attributed to factors such as the presence of major players, including Charles River Laboratories, Certara, and Curia, the high incidence of infectious diseases, and the rapid adoption of new and advanced R&D tools by leading pharmaceutical companies and Contract Research Organizations (CROs) for drug discovery and development.
Key factors driving the market growth are the increasing investments in the R&D of new drug molecules by pharmaceutical companies and the growing adoption of computational and information tools for drug discovery and development. However, the dearth of skilled technicians and the high cost of software setup hinder the drug discovery informatics market growth.
Market Trends of the Drug Discovery Informatics Market:
The deployment of AI and machine learning (ML) algorithms in drug development and discovery are revolutionizing drug development by enhancing these processes' efficiency, speed, and success rates. These technologies are used to analyze vast amounts of data, identify patterns, predict molecular interactions, and accelerate the discovery of novel drug candidates. The advantages offered by incorporating AI in informatics sciences have surged the demand for computational tools, algorithms, and databases to discover and develop new drug molecules. Additionally, healthcare technology manufacturers are launching various AI-integrated solutions in the market; this is positively contributing to the growing drug discovery informatics market size. For instance, as per the company press release, in December 2023, Merck introduced AIDDISON drug discovery software, an innovative AI solution that combines drug discovery and synthesis. It is the first software-as-a-service platform that bridges virtual molecule design and real-world manufacturability through Synthia retrosynthesis software API integration.
Additionally, leading tech companies are collaborating with academic institutions to develop information technology for drug discovery. For instance, in January 2023, Hitachi High-Tech Solutions Corporation announced the partnership with Keio University Faculty of Pharmacy, Department of Pharmaceutical Sciences, to conduct joint research that will use Materials Informatics (MI) to enhance the efficiency of developing small molecule drugs. The team will leverage the Chemicals Informatics (CI) MI tool for developing materials in the traditional chemical materials field and also in drug discovery, with a view to improving the Quality of Life (QoL) for people.
Thus, such technological advancements in drug discovery and product launches are anticipated to bring new drug discovery informatics market trends in the coming years.
Drug Discovery Informatics Market: Segmental Overview
The oncology biosimilars are segmented based on drug class, cancer type, and distribution channel.
By workflow, the market is bifurcated into discovery informatics and drug development. The discovery informatics segment held a larger market share in 2023. The drug development segment is projected to register a higher CAGR from 2023 to 2031. The deployment of informatics tools and databases has significantly reduced the time to market for new therapies. This has remarkably impacted society, especially during national and international disasters, such as the Zika and Wuhan virus outbreaks. As a result of exposure to current technology, informatics tools, and databases are expected to expand enormously in the coming years. These technologies will be essential in helping the public health sector find novel therapies, which, in turn, is anticipated to propel the drug discovery informatics market growth.
The market, by service, is segmented into sequence analysis platforms, molecular modeling, clinical trial data management, docking, and others. The sequence analysis platform segment is anticipated to hold the largest market share in 2023. The molecular modeling segment is projected to register the highest CAGR from 2023 to 2031.
By solution, the drug discovery informatics market is segmented into software and services. The services segment held a larger drug discovery informatics market share in 2023, and the same segment is projected to register a higher CAGR from 2023 to 2031.
Based on end user, the market is segmented into pharmaceutical and biotechnology companies, contract research organizations, and others. The pharmaceutical and biotechnology companies segment held the largest share of the market in 2023. The contract research organizations segment is expected to register the highest CAGR from 2023 to 2031.
Drug Discovery Informatics Market: Geographical Overview
The scope of the drug discovery informatics market report entails North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). Asia Pacific is expected to register the fastest CAGR in the Drug discovery informatics market from 2023–2031. This is attributed to factors such as the presence of major players, including Charles River Laboratories, Certara, and Curia, the high incidence of infectious diseases, and the rapid adoption of new and advanced R&D tools by leading pharmaceutical companies and Contract Research Organizations (CROs) for drug discovery and development.
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. RESEARCH METHODOLOGY
4. DRUG DISCOVERY INFORMATICS MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. DRUG DISCOVERY INFORMATICS MARKET - KEY MARKET DYNAMICS
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. DRUG DISCOVERY INFORMATICS MARKET - GLOBAL MARKET ANALYSIS
6.1 Drug Discovery Informatics - Global Market Overview
6.2 Drug Discovery Informatics - Global Market and Forecast to 2031
7. DRUG DISCOVERY INFORMATICS MARKET – REVENUE ANALYSIS (USD MILLION) – BY WORKFLOW, 2021-2031
7.1 Overview
7.2 Discovery Informatics
7.3 Drug Development
8. DRUG DISCOVERY INFORMATICS MARKET – REVENUE ANALYSIS (USD MILLION) – BY SERVICE, 2021-2031
8.1 Overview
8.2 Sequence Analysis Platform
8.3 Molecular Modeling
8.4 Clinical Trial Data Management
8.5 Docking
8.6 Others
9. DRUG DISCOVERY INFORMATICS MARKET – REVENUE ANALYSIS (USD MILLION) – BY SOLUTION, 2021-2031
9.1 Overview
9.2 Software
9.3 Services
10. DRUG DISCOVERY INFORMATICS MARKET – REVENUE ANALYSIS (USD MILLION) – BY END USER, 2021-2031
10.1 Overview
10.2 Pharmaceutical and Biotechnology Companies
10.3 Contract Research Organizations
10.4 Others
11. DRUG DISCOVERY INFORMATICS MARKET - REVENUE ANALYSIS (USD MILLION), 2021-2031 – GEOGRAPHICAL ANALYSIS
11.1 North America
11.1.1 North America Drug Discovery Informatics Market Overview
11.1.2 North America Drug Discovery Informatics Market Revenue and Forecasts to 2031
11.1.3 North America Drug Discovery Informatics Market Revenue and Forecasts and Analysis - By Workflow
11.1.4 North America Drug Discovery Informatics Market Revenue and Forecasts and Analysis - By Service
11.1.5 North America Drug Discovery Informatics Market Revenue and Forecasts and Analysis - By Solution
11.1.6 North America Drug Discovery Informatics Market Revenue and Forecasts and Analysis - By End User
11.1.7 North America Drug Discovery Informatics Market Revenue and Forecasts and Analysis - By Countries
11.1.7.1 United States Drug Discovery Informatics Market
11.1.7.1.1 United States Drug Discovery Informatics Market, by Workflow
11.1.7.1.2 United States Drug Discovery Informatics Market, by Service
11.1.7.1.3 United States Drug Discovery Informatics Market, by Solution
11.1.7.1.4 United States Drug Discovery Informatics Market, by End User
11.1.7.2 Canada Drug Discovery Informatics Market
11.1.7.2.1 Canada Drug Discovery Informatics Market, by Workflow
11.1.7.2.2 Canada Drug Discovery Informatics Market, by Service
11.1.7.2.3 Canada Drug Discovery Informatics Market, by Solution
11.1.7.2.4 Canada Drug Discovery Informatics Market, by End User
11.1.7.3 Mexico Drug Discovery Informatics Market
11.1.7.3.1 Mexico Drug Discovery Informatics Market, by Workflow
11.1.7.3.2 Mexico Drug Discovery Informatics Market, by Service
11.1.7.3.3 Mexico Drug Discovery Informatics Market, by Solution
11.1.7.3.4 Mexico Drug Discovery Informatics Market, by End User
Note - Similar analysis would be provided for below mentioned regions/countries
11.2 Europe
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Middle East and Africa
11.4.1 South Africa
11.4.2 Saudi Arabia
11.4.3 U.A.E
11.4.4 Rest of Middle East and Africa
11.5 South and Central America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South and Central America
12. INDUSTRY LANDSCAPE
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. COMPETITIVE LANDSCAPE
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. DRUG DISCOVERY INFORMATICS MARKET - KEY COMPANY PROFILES
14.1 Certara
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
Note - Similar information would be provided for below list of companies
14.2 Infosys Ltd
14.3 Collaborative Drug Discovery, Inc
14.4 Jubliant Biosys
14.5 Curia Global, Inc
14.6 Chemaxon Ltd
14.7 Charles River Laboratories
14.8 Agilent Technologies, Inc
14.9 Illumina, Inc
14.10 Boehringer Ingelheim International GmbH
14.11 Evotec
15. APPENDIX
15.1 Glossary
15.2 About The Insight Partners
15.3 Market Intelligence Cloud
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. RESEARCH METHODOLOGY
4. DRUG DISCOVERY INFORMATICS MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. DRUG DISCOVERY INFORMATICS MARKET - KEY MARKET DYNAMICS
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. DRUG DISCOVERY INFORMATICS MARKET - GLOBAL MARKET ANALYSIS
6.1 Drug Discovery Informatics - Global Market Overview
6.2 Drug Discovery Informatics - Global Market and Forecast to 2031
7. DRUG DISCOVERY INFORMATICS MARKET – REVENUE ANALYSIS (USD MILLION) – BY WORKFLOW, 2021-2031
7.1 Overview
7.2 Discovery Informatics
7.3 Drug Development
8. DRUG DISCOVERY INFORMATICS MARKET – REVENUE ANALYSIS (USD MILLION) – BY SERVICE, 2021-2031
8.1 Overview
8.2 Sequence Analysis Platform
8.3 Molecular Modeling
8.4 Clinical Trial Data Management
8.5 Docking
8.6 Others
9. DRUG DISCOVERY INFORMATICS MARKET – REVENUE ANALYSIS (USD MILLION) – BY SOLUTION, 2021-2031
9.1 Overview
9.2 Software
9.3 Services
10. DRUG DISCOVERY INFORMATICS MARKET – REVENUE ANALYSIS (USD MILLION) – BY END USER, 2021-2031
10.1 Overview
10.2 Pharmaceutical and Biotechnology Companies
10.3 Contract Research Organizations
10.4 Others
11. DRUG DISCOVERY INFORMATICS MARKET - REVENUE ANALYSIS (USD MILLION), 2021-2031 – GEOGRAPHICAL ANALYSIS
11.1 North America
11.1.1 North America Drug Discovery Informatics Market Overview
11.1.2 North America Drug Discovery Informatics Market Revenue and Forecasts to 2031
11.1.3 North America Drug Discovery Informatics Market Revenue and Forecasts and Analysis - By Workflow
11.1.4 North America Drug Discovery Informatics Market Revenue and Forecasts and Analysis - By Service
11.1.5 North America Drug Discovery Informatics Market Revenue and Forecasts and Analysis - By Solution
11.1.6 North America Drug Discovery Informatics Market Revenue and Forecasts and Analysis - By End User
11.1.7 North America Drug Discovery Informatics Market Revenue and Forecasts and Analysis - By Countries
11.1.7.1 United States Drug Discovery Informatics Market
11.1.7.1.1 United States Drug Discovery Informatics Market, by Workflow
11.1.7.1.2 United States Drug Discovery Informatics Market, by Service
11.1.7.1.3 United States Drug Discovery Informatics Market, by Solution
11.1.7.1.4 United States Drug Discovery Informatics Market, by End User
11.1.7.2 Canada Drug Discovery Informatics Market
11.1.7.2.1 Canada Drug Discovery Informatics Market, by Workflow
11.1.7.2.2 Canada Drug Discovery Informatics Market, by Service
11.1.7.2.3 Canada Drug Discovery Informatics Market, by Solution
11.1.7.2.4 Canada Drug Discovery Informatics Market, by End User
11.1.7.3 Mexico Drug Discovery Informatics Market
11.1.7.3.1 Mexico Drug Discovery Informatics Market, by Workflow
11.1.7.3.2 Mexico Drug Discovery Informatics Market, by Service
11.1.7.3.3 Mexico Drug Discovery Informatics Market, by Solution
11.1.7.3.4 Mexico Drug Discovery Informatics Market, by End User
Note - Similar analysis would be provided for below mentioned regions/countries
11.2 Europe
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Middle East and Africa
11.4.1 South Africa
11.4.2 Saudi Arabia
11.4.3 U.A.E
11.4.4 Rest of Middle East and Africa
11.5 South and Central America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South and Central America
12. INDUSTRY LANDSCAPE
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. COMPETITIVE LANDSCAPE
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. DRUG DISCOVERY INFORMATICS MARKET - KEY COMPANY PROFILES
14.1 Certara
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
Note - Similar information would be provided for below list of companies
14.2 Infosys Ltd
14.3 Collaborative Drug Discovery, Inc
14.4 Jubliant Biosys
14.5 Curia Global, Inc
14.6 Chemaxon Ltd
14.7 Charles River Laboratories
14.8 Agilent Technologies, Inc
14.9 Illumina, Inc
14.10 Boehringer Ingelheim International GmbH
14.11 Evotec
15. APPENDIX
15.1 Glossary
15.2 About The Insight Partners
15.3 Market Intelligence Cloud
