Drug discovery is the process through which new medicines are identified. In the past, most of the drugs have been discovered by identifying the active ingredient from the traditional remedies. Improvements to traditional computational drug applications will continue to provide the incremental benefits. Drug discovery informatics is an extremely complex process that involves generation of larger volumes of data. At present, the market for drug discovery informatics is largely unmet.
Asia-Pacific Drug Discovery Informatics Market Size & Growth:
The Asia-Pacific drug discovery informatics Market size is projected to reach approximately $ XX m by the end of 2024 with a CAGR close to X% from $XX m in 2018 during the forecast timeline 2018-2024. The Key factors that drive the growth of the market include the rising R&D expenditure, the increasing focus on drug discovery, need to control the drug discovery and the development costs, high throughput screening methods and So On. The development decisions for the drug should be taken in the earlier stages by the skilled professionals to get the expected drug.
Asia-Pacific Drug Discovery Informatics Market Share:
The Asia-Pacific drug discovery informatics market was divided into various parameters. By the Solution, they are divided into Software and services. Among them, software plays an important role not only in drug discovery but also in drug development. Nowadays software companies are investing a lot of money for drug discovery. By the End-User, they are divided into Pharmaceutical & Biotechnology and Contract research organisations. Among them, Contract research organisations will play a significant role because the contract research organisations will provide support to the pharmaceuticals, biotechnology and medical devices in the form of research services. By the Function, they are divided into docking, molecular modelling, target data analysis and others. Among them, molecular modelling plays an important role because Docking is a method in molecular modelling which predicts the preferred orientation of one molecule. By Geography, China has the most significant market share regarding drug discovery due to the presence of a large number of pharmacies around that region.
Asia-Pacific Drug Discovery Informatics Market Trends:
Asia-Pacific Drug Discovery Informatics Market Research Report Includes:
Starting from $2700
Starting from $2700
Starting from $2700
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