Computer-aided Drug Discovery Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024

Technavio has been monitoring the computer-aided drug discovery market and it is expected to grow by USD 21.75 bn, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Computer-aided Drug Discovery Market: Key Trends to impact market growth

The growing popularity of precision medicine is one of the key computer-aided drug discovery market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Computer-aided Drug Discovery Market: Top Drivers to Boost Demand

The need to reduce healthcare costs is one of the primary factors driving the growth of the computer-aided drug discovery market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Vendor Analysis: Aaranya Biosciences Pvt. Ltd., Albany Molecular Research Inc. and Charles River Laboratories International Inc. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aaranya Biosciences Pvt. Ltd., Albany Molecular Research Inc., Charles River Laboratories International Inc., ChemBio Discovery Inc., Chemical Computing Group ULC, CompChem Solutions Ltd., International Business Machines Corp., Kang Yusheng Information Technology Co. Ltd., OpenEye Scientific Software Inc., and Pharmaron Beijing Co. Ltd. are some of the major market participants.

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Computer-aided Drug Discovery Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive computer-aided drug discovery market growth during the next five years
• Precise estimation of the computer-aided drug discovery market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the computer-aided drug discovery market industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of computer-aided drug discovery market vendors

Technavio has been monitoring the computer-aided drug discovery (CADD) market and it is expected to grow by USD 21.75 billion, accelerating at a CAGR of 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Computer-aided Drug Discovery Market: Emerging Trends to Impact Market Growth

The adoption of computer-aided drug discovery is increasing among research and development institutions and healthcare organizations in a bid to reduce healthcare costs. CADD has the potential to reduce traditional medical costs and improve drug discovery. Also, end-users of CADD can use various data science techniques to create models that reduce the cost of health plans by early prediction of high-cost condition risks. Moreover, deploying CADD software in the cloud instead of investing in medical equipment would reduce costs and improve healthcare agility and scalability. Hence, the growing need to reduce healthcare costs along with the other  benefits of CADD will drive the CADD market during the forecast period.

• Technology companies and medical organizations are taking advantage of CADD solutions to develop precision medicine which is one of the critical computer-aided drug discovery market trends.
• Precision medicine software is the latest emerging medical advancement in the healthcare sector, which allows researchers and doctors to identify accurate and preventive treatments.
• Drug development companies are increasingly adopting CADD solutions to accelerate drug discovery and to detect the hidden biomedical data and decide on the potential treatment for diseases.
• In June 2019, Tempus Inc., a Chicago-based biotechnology company, raised USD 200 million in a Series F funding round to use AI-enabled CADD solutions to develop precision medicine to improve patient care.

Computer-aided Drug Discovery Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aaranya Biosciences Pvt. Ltd., Albany Molecular Research Inc., Charles River Laboratories International Inc., ChemBio Discovery Inc., Chemical Computing Group ULC, CompChem Solutions Ltd., International Business Machines Corp., Kang Yusheng Information Technology Co. Ltd., OpenEye Scientific Software Inc., and Pharmaron Beijing Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report