2024 Computer-Aided Drug Discovery Market Summary: 5 Key Findings
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
What Growth Projections are in Place for the Computer-Aided Drug Discovery Market Between 2024-2033?
The computer-aided drug discovery market has experienced rapid growth in recent years. It is expected to grow from $5.94 billion in 2023 to $6.69 billion in 2024, with a compound annual growth rate (CAGR) of 12.6%. This growth is fueled by advancements in computational power, improvements in molecular modeling, growing demand from the pharmaceutical industry, and support from regulatory bodies and industry collaborations.
The computer-aided drug discovery market is expected to grow rapidly, reaching $10.83 billion by 2028, with a CAGR of 12.8%. Growth drivers include the incorporation of AI and ML into drug discovery, the shift to personalized medicine, big data availability, and cloud-based platforms for CADD. Key trends include collaboration between stakeholders, AI-driven platforms, and product innovations.
Claim Your Free Sample of the Global Computer-Aided Drug Discovery Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=19379&type=smp
What Are the Major Factors Contributing to the computer-aided drug discovery Market Expansion?
The increasing incidence of cancer cases is expected to fuel the growth of the computer-aided drug discovery market. Cancer, characterized by the uncontrolled growth of abnormal cells, is on the rise due to factors such as lifestyle changes, pollution, tobacco and alcohol use, and improved healthcare access. Computer-aided drug discovery plays a critical role in designing drugs that target cancer cells, enabling personalized therapies. The National Cancer Institute reported nearly 20 million new cancer cases and 9.7 million cancer-related deaths in 2022, with projections to increase significantly by 2040, driving the computer-aided drug discovery market.
Which Key Segments Shape the Computer-Aided Drug Discovery Market?
1) By Type: Structure Based Drug Design, Ligand-Based Drug Design, Sequence-Based Approaches
2) By Therapeutic Area: Oncology, Neurology, Cardiovascular Disease, Respiratory Disease, Diabetes, Other Therapeutic Areas
3) By End User: Pharmaceutical Companies, Biotechnology Companies, Research Laboratories
What Are the Transformative Trends Influencing the 118 Market?
Leading companies in the computer-aided drug discovery (CADD) market are leveraging artificial intelligence to improve the efficiency and accuracy of drug discovery, helping identify potential drug candidates and optimize lead compounds. For example, in December 2023, Merck KGaA, a Germany-based science and technology company, launched AIDDISONTM, a software-as-a-service platform that integrates drug discovery with synthesis. By using generative AI and machine learning, AIDDISONTM accelerates drug development by virtually screening over 60 billion chemical targets and recommending optimal synthesis routes, aiming to reduce costs and time in drug discovery.
Order Now for Fast Delivery of Your Computer-Aided Drug Discovery Market Report!
https://www.thebusinessresearchcompany.com/report/computer-aided-drug-discovery-global-market-report
What Regions Are Leading the Growth Trajectory of the Computer-Aided Drug Discovery Market?
North America was the largest region in the computer-aided drug discovery (CADD) market in 2023. The regions covered in the computer-aided drug discovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Computer-Aided Drug Discovery Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the computer-aided drug discovery market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Computer-Aided Drug Discovery Market Include
1. Computer-Aided Drug Discovery Market Executive Summary
2. Computer-Aided Drug Discovery Market Segments
3. Computer-Aided Drug Discovery Market Size And Template Market Growth Rate
4. Key Computer-Aided Drug Discovery Market Trends
5. Major Computer-Aided Drug Discovery Market Drivers
……
25. Key Mergers And Acquisitions In The Computer-Aided Drug Discovery Market
26. Top Computer-Aided Drug Discovery Companies
27. Computer-Aided Drug Discovery Market Opportunities And Strategies
28. Computer-Aided Drug Discovery Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Artificial Intelligence (AI) In Drug Discovery Global Market Report 2024
Computer-Aided Oral And Maxillofacial Surgery Global Market Report 2024
Drug Discovery Services Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/drug-discovery-services-global-market-report
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
