What is Drug Discovery SoftwareMarket?
Drug discovery software is used to develop new pharmaceutical drugs and test whether a newly created drug will be effective in treating a particular disease. Drug discovery software automates and leverages innovative technology that significantly cuts down on the arduous process of drug development, testing, and going to market. Most drug discovery solutions offer screening, predictive analytics, modeling, simulation, and computational capabilities. Those functionalities help with tasks such as image analysis and clinical trial results submission, as well as ensuring accurate reproducibility. Researchers and scientists use drug discovery software to gain market intelligence, take advantage of advancements in drug design and synthesis, tackle evolving and adapting diseases, and maintain and manage the integrity of data as drugs transition from the discovery phase to the clinical trial phase.
Drug Discovery Software Market Report Coverage
Report Coverage | Details |
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Study Timeframe | 2018 to 2028 |
Base Year | 2022 |
Growth Drivers | - The Growing Pharmaceutical Industry Worldwide
- Surged R&D Activities in the Pharmaceutical Industry
- Growing Automation in the Drug Discovery Processes
- The Increasing Demand for the COVID-19 Drug Discovery
- The Upsurging Demand for the Drug Discovery Owing to the Expiration of Patents
- The Software Helps Pharmaceutical Companies to Remain Competitive In the Drug Market
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Challenges & Pitfalls | - Unknown Regulation Complications and Duplication Problems
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Opportunities
The Growing Demand for the Drug Discovery Software from the Asia Pacific Region
Restraints
- Nanoparticles and nanoformulations allow for better drug penetration through the skin, improving the efficacy of transdermal delivery.
The Players Covered in the Study are:
Epocrates (United States), Thermo Scientific Nautilus LIMS (United States), ChemDraw (PerkinElmer) (United States), MicroTracker (Norway), DrugPatentWatch (United States), AutoDock (Scripps Research) (United States), Collaborative Drug Discovery Inc. (United States), DrugDev Spark (United States), DSG Drug Safety (United States) and PEPID PDC (United States)
Available Customization:
A list of players that can be included in the study on an immediate basis are Schrodinger Discovery Informatics Suite (United States), Advera Health (United States), American Gene Technologies (United States), Aurora Drug Discovery Software (United States) and BIOVIA Discovery Studio (United States).
Market Development Activities
In June , 2018 Therapeutic Research Center (TRC Healthcare, or TRC), a leading provider of medication advisory and learning solutions, in partnership with athenahealth, will deliver select medication therapy clinical resources and advisory articles each month, from the most recently published issue of Prescriber's Letter.
In Dec. , 2023 Merck, a leading science and technology company, today launched its AIDDISON™ drug discovery software, the first software-as-a-service platform that bridges the gap between virtual molecule design and real-world manufacturability through SynthiaTM retrosynthesis software application programing interface (API) integration.