Global computer-aided drug discovery market 2020-2024

Global Computer-aided Drug Discovery Market 2020-2024

Technavio has been monitoring the global computer-aided drug discovery market 2020-2024 and it is poised to grow by USD 21.75 bn during 2020-2024, progressing at a CAGR of 3% during the forecast period. Our reports on global computer-aided drug discovery market 2020-2024 provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing need for reducing healthcare costs. In addition, growing popularity of precision medicine is anticipated to boost the growth of the global computer-aided drug discovery market 2020-2024 as well.

Market Segmentation

Technavio's global computer-aided drug discovery market 2020-2024 is segmented as below:

Therapeutic Areas:

• Oncological Disorders
• Neurological Disorders
• Others.

Geographic Segmentation:

• APAC
• Europe
• MEA
• North America
• South America

Key Trends for global computer-aided drug discovery market 2020-2024 growth

This study identifies growing popularity of precision medicine as the prime reasons driving the global computer-aided drug discovery market 2020-2024 growth during the next few years.

Prominent vendors in global computer-aided drug discovery market 2020-2024

We provide a detailed analysis of around 25 vendors operating in the global computer-aided drug discovery market 2020-2024, including some of the vendors such as Aaranya Biosciences Pvt. Ltd., Albany Molecular Research Inc., Charles River Laboratories International Inc., ChemBio Discovery Inc., Chemical Computing Group ULC, CompChem Solutions Ltd., International Business Machines Corp., Kang Yusheng Information Technology Co. Ltd., OpenEye Scientific Software Inc. and Pharmaron Beijing Co. Ltd.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.