Global In Silico Drug Discovery Market
The report also offers a thorough analysis of the key market drivers and restraints that play a vital role in influencing the growth of the industry. The escalating patient pool suffering from chronic illnesses and the growing investment from the pharmaceutical firms to expand the scope for research and development pertaining to numerous drugs to cater to unmet medical needs are heavily influencing the market expansion. The in silico drug discovery technology helps in the design and development of novel drug products.
The pharma companies are leveraging the technology to discover drugs for complex and rare diseases to meet the unmet clinical demand. The in silico market is observing exponential growth due to the increasing focus of biotechnology and pharmaceutical firms on the development of drugs using computer-aided technologies. The In Silico Drug Discovery Market forecast to extensive analysis valued at USD 6.34 Billion in 2027 from USD 2.38 Billion in 2019, registering a CAGR of 13.0% through the forecast period.
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Major Companies Included in this Report:
• The in silico molecular techniques are gaining traction for the engineering of antibodies. The technology is extensively used to design antibodies, including structure modeling, stability evaluation of antibody, antigen-antibody complex prediction, and allosteric effects in antibodies.
• Major companies of the industry include Certara USA, Inc., Chemical Computing Group ULC, Charles River, Albany Molecular Research Inc., Dassault System (Biovia), Evotec A.G., ICAGEN, Inc., Novo Informatics Pvt. Ltd., Collaborative Drug Discovery Inc., and GVK Biosciences Private Limited, among others.
Key Questions Addressed in the Report:
• Who are the leading players of the In Silico Drug Discovery industry?
• Which region is expected to dominate the market in the coming years?
• What are the key applications of the In Silico Drug Discovery market?
• Which segment is expected to garner traction during the coming years?
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