Computer-aided drug discovery market is expected to grow at a CAGR of 11.5% during the forecast period. The increasing prevalence of chronic diseases and rising drug discovery activities are some major factors contributing to the growth of the market. For instance, in January 2022, Sanofi signed a research collaboration with Exscientia, to use AI-based drug discovery methods, and attracted billions of dollars for investment in searching for new medicines significantly more efficient and less risky. The agreement between Sanofi and Exscientia together works to develop 15 new drug candidates for cancer and other diseases. The rising development of COVID-19 vaccines has led to an increased demand for drug discovery, which in turn, is further driving the market growth.
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Moreover, the investment made by the pharmaceutical companies in the research of new drugs, and the increasing application of artificial intelligence in drug discovery for chemical synthesis, and polypharmacology, are expected to fortify the growth of the global computer-aided drug discovery market. According to the Congressional Budget Office, the pharmaceutical industry devoted 83 billion to R&D expenditures in 2019. Those expenditures covered a variety of activities, including discovering and testing new drugs, developing incremental innovations such as product extensions, and clinical testing for safety monitoring or marketing purposes. Moreover, as per the same source, on average, the Food and Drug Administration (FDA) approved 38 new drugs per year from 2010 through 2019 which is 60% more than the yearly average over the previous decade.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Computer-Aided Drug Discovery Market by Type
- Structure Based Drug Design
- Ligand-Based Drug Design
- Sequence-Based Approaches
Global Computer-Aided Drug Discovery Market by Therapeutic Area
- Oncology
- Neurology
- Cardiovascular Disease
- Respiratory Disease
- Diabetes
Global Computer-Aided Drug Discovery Market by End User
- Pharmaceutical Companies
- Biotechnology Companies
- Research Laboratories
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aris Pharmaceuticals Inc.
- ArrayGen Technologies Pvt. Ltd.
- BioDuro- Sundia
- BOC Sciences
- Nimbus Therapeutics
- Oxford Drug Design
- Pharmaron
- Profacgen
- VeraChem LLC
- WuXi AppTec
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global computer-aided drug discovery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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