Portland, OR, July 04, 2022 (GLOBE NEWSWIRE) – According to a report published by Allied Market Research, the global Computer Aided Drug Discovery market generated $ 2.9 billion in 2021, and is expected to reach $ 7.5 billion in 2031, witnessing a CAGR of 11.48% from 2022 to 2030. The report provides a detailed analysis of changing market dynamics, leading features, value chain, key investment pockets, regional scenario, and competition landscape.
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The rise in cases of chronic and unknown diseases, strategic alliances with market players, and the rising demand for drugs are driving the growth of the global computer -assisted drug discovery market. However, the lack of skilled work to operate on computer -assisted drug discovery solutions has hampered market growth.
- Due to increased R&D activities by scientists, researchers, and biotechnological and biopharmaceutical companies to limit the spread of coronavirus disease, the market for computer -assisted drug discovery is growing at a faster pace.
- The rising transmutation rate of coronavirus is prompting scientists around the world to develop an effective treatment or cure against this deadly virus. As a result, the importance of drug research and discovery is skyrocketing, driving market growth.
- Many companies improve their technology segments by investing a large portion of their revenue in research and development. Other businesses have used collaboration and collaboration to expand their market presence by 2020.
The report offers a detailed breakdown of the global computer aided drug discovery market type by base, therapeutic type, end user, and region.
Based on the therapeutic area, the oncology segment will have the highest market share in 2021, holding almost one-fourth of the overall market share, and is expected to continue its leading position during the forecast period. In addition, the same part is estimated to register at highest CAGR of 12.0% from 2022 to 2030. The report also examines areas including neurology, diabetes, respiratory disease, and cardiovascular disease.
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Based on end-user, the pharmaceutical segment will have the most market share in 2021, with more than two-fifths of the total market share, and is expected to maintain the leading position during the forecast period. However, the biotechnology segment is expected to register the highest CAGR of 11.9% from 2022 to 2030.
By region, North America will contribute the highest share in revenue terms in 2021, holding more than one-third of the total market share, and is projected to continue the dominant share into 2030. Although yet, the Asia-Pacific region is expected to show the fastest CAGR of 12.8% during the forecast period.
Leading players in the global computer aided drug discovery market examined by the research include BOCSCI Inc., Bioduro-Sundia, Schrödinger, Inc., Aragen Life Sciences Pvt. Ltd., Aris Pharmaceuticals, Inc., Charles River Laboratories, Bayer AG, AstraZeneca, and Albany Molecular Research Inc. (AMRI).
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“We have also published some syndicate market studies in the same area that you may be interested in. Below is the title of the report for your reference.considering the Impact of Covid-19 on This Market to help you evaluate the effects of pandemic on short and long term growth trends in this market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a focused vision to provide business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.
Pawan Kumar, the CEO of Allied Market Research, leads the organization in providing high quality data and insights. We are in professional corporate relationships with various companies and this helps us dig into market data which helps us to create accurate research data tables and prove the most accurate in our market predictions. Each data presented in the reports we publish was obtained through key interviews with leading officials from leading companies in the relevant domain. Our secondary data procurement methodology includes in -depth online and offline research and discussion with experienced industry professionals and analysts.