Indian drug discovery informatics market is estimated to grow significantly at a CAGR of 11.2% during the forecast period. The market is mainly driven by the significant growth of the Indian pharmaceutical industry market, government initiatives for drug discovery and clinical development, growing demand for analytics solutions in the pharmaceutical sector. Various companies are working in the field of drug discovery in the country. For instance, Oxygen Healthcare Research Pvt. Ltd. has developed a project management application for drug discovery. Furthermore, the Indian drug discovery informatics market is segmented based on function and end-user.
Based on the technology, the market is further classified into docking, molecular modeling, libraries & database preparation, sequencing & target data analysis, and others. The sequencing & target data analysis segment is projected to have considerable growth during the forecast period. Based on the end-user, the Indian drug discovery informatics market is further segmented into pharmaceutical & biotechnology companies, contract research organizations, and others. The pharmaceutical & biotechnology companies’ segment is estimated to have a significant share in the market.
Furthermore, the Indian drug discovery informatics market is characterized by the presence of several market players that are catering to a wide range of customers in the region. Some of the key players in the market include Accenture PLC, Eurofins GSC Lux SARL, Jubilant Pharma, Ltd., Novo Informatics Pvt. Ltd., Infosys Ltd., and others. These players adopt various strategies to remain competitive in the market and gain a competitive advantage over other players operating in the market. Mergers and acquisitions, product launches, and partnerships and collaborations, and geographical expansion are some of the major activities adopted by the market players.
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Indian Drug Discovery Informatics Market – Segmentation
By Function
- Docking
- Molecular Modeling
- Libraries and Database Preparation
- Sequencing and Target Data Analysis
- Others
By End-User
- Pharmaceutical & Biotechnology Companies
- Contract Research Organization (CRO)
- Others (Research Institutes)
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Company Profiles
- Accenture PLC
- Charles River Laboratories, Inc.
- Cognizant Function Solutions Corp.
- Dassault Systèmes SE
- Eurofins GSC Lux SARL
- GVK Biosciences Pvt Ltd.
- Jubilant Pharma, Ltd.
- Infosys, Ltd.
- IBM Corp.
- Novo Informatics Pvt. Ltd.
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