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A16823 | Pages: 180 | Charts: 59 | Tables: 150 |
The global computer-aided drug discovery market size was $2.9 billion in 2021, and is projected to reach $7.5 billion by 2030, growing at a CAGR of 11.48% from 2022 to 2030.
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The computer-aided drug discovery market is segmented into Type, Therapeutic Area and End User.
Computer-aided drug discovery (CADD) is a cutting-edge computational method for identifying and implementing potential leads in drug discovery. Computer-aided drug design encompasses computational chemistry, molecular modelling, molecular design, and rational drug design. CADD is being used to improve the quality of leads that have been identified. CADD methods are gaining acceptance and popularity in both academic and pharmaceutical circles. CADD saves time; it is quick and cheap.
Increased cases of chronic and unknown diseases are expected to accelerate the need for rapid drug development, propelling the computer-aided drug discovery market growth in the forecast timeframe. CADD is a modern technique in which researchers and analysts analyze, design, develop, monitor, and study a three-dimensional structure of the target disease molecule and its complement biomolecule ligand using a combination of software. This method is popular among researchers because it speeds up research and drug discovery. Strategic alliances among market players, combined with rising drug demand, are expected to propel the global market.
A shortage of skilled labor to operate computer-aided drug discovery solutions, on the other hand, may stymie the global market growth. Lower product penetration in emerging economies is also limiting the global drug discovery industry.
The global CADD market is segmented on the basis of type, therapeutic area, end-user, and region. By type, the market is classified into structure-based drug design (SBDD), ligand-based drug design (LBDD), and sequence-based approaches. By therapeutic area, the analysis has been divided into oncology, neurology, cardiovascular disease, respiratory disease, diabetes, and others. By end-user, the market has been divided into pharmaceutical companies, biotechnology companies, and research laboratories. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report 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).
[TYPEGRAPH]
By type, structure-based drug design sub-segment is projected to generate the fastest growth. The traditional method of drug discovery is structure-based drug design, which uses NMR, cryo-EM, and X-ray crystallography for compound optimization and design. Furthermore, technological advancements and rising demand for new drugs for various diseases are some of the driving factors for structure-based drug design type of computer-aided drug discovery in the global market over the forecast period.
[THERAPEUTICAREAGRAPH]
By therapeutic area, oncology sub-segment is expected to have a dominant share during the forecast period. Oncology is a medical specialty that deals with treatment, prevention, and diagnosis of cancer. There are various types of cancer, and determining the type of medication required for a specific cancer is a complicated process. Despite extensive research, cancer treatment has been one of the major concerns around the world due to medication resistance. As a result, there is a surge in demand for cancer drugs that are efficient and cost-effective. These key elements have the potential to accelerate segment growth during the forecast period.
[ENDUSERGRAPH]
By end user, pharmaceutical companies sub-segment is expected to have the dominant share during the forecast period. The pharmaceutical companies sub-segment of the computer-aided drug discovery market is expected to grow at a significant CAGR during the forecast period and generate significant revenue. Various approaches have been used in recent years to identify chemical compounds that need to be developed and marketed. In recent years, 5,000-10,000 drugs have been subjected to laboratory testing before being approved for human use. To develop or discover new drugs, the overall protocol can take up to ten years or more. In the analysis timeframe, such factors are expected to boost the adoption of CADD in the pharmaceutical companies sector.
[REGIONGRAPH]
By region, the rapidly increasing number of cancer cases in the United States is expected to boost computer-aided drug discovery market revenue. Cancer is one of the few and most dangerous medical conditions for which there is no cure. In the United States, the disease's prevalence is increasing at an alarming rate. The National Cancer Institute, for example, predicted that on September 25, 2020, 1,806,590 new cancer cases would be diagnosed, with nearly 606,520 people dying from the disease. The use of computer-aided drug discovery in the search for a cancer cure has grown.
KEY BENEFITS FOR STAKEHOLDERS
IMPACT OF COVID-19 ON THE GLOBAL COMPUTER-AIDED DRUG DISCOVERY MARKET
Key Market Segments
Key Market Players