Drug Discovery Informatics Market Review and Outlook, Overview and Segment Forecasts to 2022

Global drug discovery informatics market is anticipated to reach USD 6,548.1 million by 2022, according to a new report by Grand View Research Inc.Ongoing improvement incomputational technology is anticipated to drive the adoption of in-silicotherapeutic product discovery models thus, influencing sectorprogress over the forecast period.

Drug discovery informatics industry is estimated to witness lucrative growth over the forecast period majorly due to, the rising number of technologically advanced products in the field of drug development. Significant shift observed from traditional in-vitro drug developmentto computer aided drug designing, as costly failures of late drug development increases the use of in-silico models for early ADME/Toxicity screening is anticipated to propel progress in this sector.

Furthermore, R&D carried out in the field of information technology for the facilitation of analytics and visualization applications that enable data aggregation and processing is attributive for driving growth in this market through to 2022.

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Discovery informatics dominated accounting for the largest share of the market in 2014 owing to presence of substantial number of in-silico tools and databases in this segment, which aid the process of lead identification and validation.

Development informatics is anticipated to witness substantial progress in the coming years because of upcoming development in the sub segments that involve clinical trial data management services and softwares.

As per the mode of informatics solutions, outsourced informatics accounted for a large share in 2014 because of the high capital costs associated with in-house services for drug discovery IT solutions. Furthermore, with the rise in collaborations andlead compound discovery projects between IT market participants and pharmaceutical companies, outsourcedservicesare...