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. 

Research Methodology

The market study of the North American drug discovery informatics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for drug discovery analytics market players, contract research organizations, biotechnology and pharmaceutical companies, industry associates & experts, government organizations, regulatory bodies, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. North American Drug Discovery Informatics Market Research and Analysis by Function
2. North American Drug Discovery Informatics Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the North American drug discovery informatics market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American drug discovery informatics market.
• Insights about market determinants that are stimulating the North American drug discovery informatics market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.