North America Drug Discovery Informatics Market Size & Outlook
North America drug discovery informatics market, 2018-2030 (US$M)
North America drug discovery informatics market highlights
- The North America drug discovery informatics market generated a revenue of USD 1,271.2 million in 2023.
- The market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, discovery informatics was the largest revenue generating work-flow in 2023.
- Discovery Informatics is the most lucrative work-flow segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 1,271.2 million |
| Market revenue in 2030 | USD 2,620.9 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Discovery informatics |
| Fastest growing segment | Discovery Informatics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Discovery Informatics |
| Key market players worldwide | Certara Inc Ordinary Shares, Boehringer Ingelheim, Infosys Ltd ADR, Charles River Laboratories International Inc, Eli Lilly and Co, Novo Nordisk A/S ADR, Oracle Corp, Accenture PLC Class A, Agilent Technologies Inc, Illumina Inc, Eurofins Scientific SE, Jubilant Biosys, Selvita, ChemAxon, Albany Molecular Research |
Other key industry trends
- In terms of revenue, North America region accounted for 39.0% of the global drug discovery informatics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,636.5 million by 2030.
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Drug Discovery Informatics Market Scope
Drug Discovery Informatics Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America drug discovery informatics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drug discovery informatics market will help companies and investors design strategic landscapes.
Discovery informatics was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America drug discovery informatics market based on discovery informatics covering the revenue growth of each sub-segment from 2018 to 2030.
North America market encompasses of U.S. and Canada. Higher incidence rates of different infectious diseases and oncology diseases are expected to drive demand for informatics solutions to aid drug discovery and development.
Well defined regulatory framework for is responsible for higher penetration of market players which subsequently leads to generation of industrial revenue. The simultaneous developments of next generation sequencing and chemical laboratories in the region are the highest impact rendering factor for the growth of drug discovery informatics.
As these segments are capital intensive, high R&D investment markets and complement each other to a significant extent, their inter-related development dependencies are integral to their development.
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Our clientele includes a mix of drug discovery informatics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America drug discovery informatics market , including forecasts for subscribers. This continent databook contains high-level insights into North America drug discovery informatics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America drug discovery informatics market
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