Global Drug Discovery Informatics Market Will Reach Usd 118.0 Billion by 2020: Zion Market Research

Published By:Zion Market Research

Global Drug Discovery Informatics Market Set for Rapid
Growth, To Reach Around USD 118.0 Billion by 2020

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Drug Discovery Informatics Market

Zion Market Research has published a new report titled “Drug Discovery Informatics Market by
Mode (Outsourced Informatics and In-House Informatics), by Services (Docking and Modular
Modeling): Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021.”
According to the report, global demand for drug discovery informatics was valued at USD 1.80
billion in 2014 is expected to reach USD 4.70 billion in 2020 and is anticipated to grow at a
CAGR of 17.2% between 2015 and 2020.
Drug discovery informatics is an unconventional way of handling the structured and
unstructured data engendered during the drug discovery process. The drug discovery
informatics uses complicated bioinformatics algorithms to process life sciences data and hosts
multiple in-silico models. It is an effective and efficient solution which offers fastest access to
data. It also helps to cut down the cost of discovery due to the easy availability of data.
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Drug Discovery Informatics Market
The outsourced informatics and in-house informatics are the major mode of global drug
discovery informatics market. In-house informatics held as a foremost mode and it accounted
over 50.0% share of the total revenue generated in 2015. However, outsourced informatics is
expected to witness the remarkable growth in coming years owing to rising collaborations of
pharmaceutical companies and IT manufacturer.
Depending on the various service provisions, the global drug discovery informatics market is...