The North American drug discovery informatics market is estimated to grow at a CAGR of 9.6% during the forecast period. The market is growing mainly due to the significant adoption of IT technology in the healthcare and life science sector, well developed IT infrastructure, a significant development in the healthcare IT solutions, and others. The North American drug discovery informatics market is segmented on the basis of 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 North American 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. Based on geography, the North American drug discovery informatics market is further segregated into the US and Canada. Among, geography the US holds a considerable share in the North American drug discovery informatics market.
Furthermore, the North American 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 Charles River Laboratories, Inc., Cognizant, IBM Corp., OpenEye Scientific Software, ChemBridge Corp., 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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North American 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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North American Drug Discovery Informatics Market – Segmentation by Geography
- US
- Canada
Company Profiles
- Albany Molecular Research Inc.
- Charles River Laboratories, Inc.
- ChemBridge Corp.
- Clarivate Analytics
- Certara, L.P.
- Cognizant
- Collaborative Drug Discovery Inc.
- IBM Corp.
- OpenEye Scientific Software
- PerkinElmer Inc.
- Schrödinger, LLC
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