Oliverjake96321 Feb, 2023Business
The global drug discovery informatics market held a market value of USD 6.3 billion in 2030 and is projected to grow at a CAGR of 10.8% over the forecast period. Drug discovery and development is an extremely complex process requiring the generation of very large amounts of information data and. As the pharmaceutical and biotechnology industry is on the rise, information technology is supporting the drug discovery process to improve research productivity and success rates. Patent expiry of blockbuster drugs, an over-reliance on high throughput discovery strategies, and ongoing industry consolidation through mergers and acquisitions (MA) are fuelling the demand for drug discovery informatics.
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