Cloudbased Drug Discovery Platform Market
Latest and updated Cloudbased Drug Discovery Platform market study with COVID19 impact, offers country-wise market projections, brand share analysis, deep-dive analysis on pre-corona & after corona impact, opportunity assessment, and detailed competitive intelligence section.
Global Market Study on Cloud-based Drug Discovery Platforms: Pharmaceutical Vendors Projected to be the Most Attractive End User Segment Through 2025
- Report code : PMRREP11020 |
- Industry : Life Sciences & Transformational Health |
- Published On : Nov-2017 |
- Pages : 187 Pages |
- Format :
Small and medium pharmaceutical companies to present significant opportunities for investment in the global cloud-based drug discovery platform market
Among the various end users of cloud-based drug discovery platforms, pharmaceutical vendors are likely to be major stakeholders holding a high value share of the global cloud-based drug discovery platform market. An opportunity analysis of the global market reveals that leading software vendors have already adopted cloud-based drug discovery platforms to facilitate seamless research and development processes. As there is less adoption of these cloud-based platforms in several countries of the MEA, public and private ventures are taking initiatives to invest in the R&D process in this region. Moreover, the MEA cloud-based drug discovery platform revolution will witness significant growth in the coming years, thereby creating better opportunities for software vendors for growth and expansion.
Pharmaceutical Vendors segment to lead the global market in terms of revenue share throughout the forecast period
Our forecasts indicate that the Pharmaceutical Vendors segment will remain the leading end user segment during the forecast period 2017 to 2025, estimated to reach a market valuation of US$ 1,625.0 Mn by the end of the forecast period in 2025, with a CAGR of 13.4%. In terms of CAGR though, the Contract Research Organizations segment is expected to stand first, registering a growth rate of 13.8% during the eight year period. The Contract Research Organizations segment is also anticipated to witness high Y-o-Y growth rates throughout the forecast period.
Key end user trends observed across the regional markets
North America: Pharmaceutical and biotech vendors in North America are focusing on boosting their drug development process using cloud platforms, without compromising safety. Easy availability and accessibility of cloud platforms enable enterprises to collect real-time data around the world. Such platforms also provide better access to data from healthcare companies as well as contract research organizations during the R&D process.
Latin America: Most of the life sciences companies in this region are adopting cloud computing services for managing their increased data traffic, with minimized IT infrastructure costs. Massive implementation of software-as-as-service by healthcare organizations enables them to efficiently store and retrieve patient data, health records, and R&D records. Moreover, SaaS helps healthcare companies in collaborating with different vendors and contract based research organizations located across the world.
Europe: European pharmaceutical companies are increasingly turning towards the adoption of cloud-based technologies to support their scientists and their work, along with the research mutations in the human genome for improving the cancer research drug discovery process. Scientists are targeting more areas of medication design that are beneficial for patients. Moreover, healthcare companies in Europe are implementing advanced cloud technologies such as machine learning and artificial intelligence platforms to gain optimized R&D outcomes. AI algorithms are being used to design bi-specific drugs that can be used simultaneously to bind more than one target. This platform has the ability to improve complex biological problems and help enterprises in enhancing the efficiency of their drug discovery optimization.
Asia Pacific: Life sciences companies in the APAC region are adopting clinical cloud platforms to introduce innovative technologies with improved operational efficiency, productivity, and enhanced speed of clinical trials. Clinical cloud platforms offer better services and inject new vigor in the drug development process. Additionally, clinical cloud platforms help life sciences companies accelerate the delivery of their novel therapies to patients. Life sciences companies are looking for innovative, cloud-based research solutions to cater to the basic needs of their scientific workforce, which is increasingly relying on mobile communication and social networking to gain improved work productivity. Cloud based mobile-enabled information management helps researchers with improved and efficient data and knowledge sharing. Easy integration of on-premise systems with bi-directional cloud can help life sciences companies safely switch their critical legacy applications to the cloud.
MEA: Healthcare companies in the MEA are transforming their IT infrastructure to the cloud, as the increasing usage of cloud platforms and mobile devices enable healthcare institutions to track patient health across various devices, which provides valuable insights for R&D activities. Digital transformation operations in the MEA region are mostly funded by government bodies and private institutions.
About this Report
Cloud has proliferated key aspects of business across multiple industries and the healthcare industry is no exception. The facilitation of drug discovery through the cloud is one of the healthcare sector’s most significant developments till date and to study the various key aspects of this domain, Persistence Market Research has recently conducted extensive research and published the findings in a new report. This report titled ‘Cloud-based Drug Discovery Platform Market: Global Industry Analysis (2012 – 2016) and Forecast (2017–2025)’ presents an in-depth analysis and forecast of the global cloud-based drug discovery platform market by considering various micro and macroeconomic factors anticipated to impact revenue growth of the market. For the purpose of accurate market estimations, we have taken into account the historical market size for the period 2012 to 2016 and used this as a reference (with 2016 as the base year) to calculate the market size for the assessment period 2017 to 2025.
Research Methodology
Persistence Market Research leverages a robust research methodology to gather and analyze data acquired from multiple sources. We begin by gathering critical market data from secondary sources such as company websites, company annual reports_bk_01_01_2020, white papers, and financial reports_bk_01_01_2020, and paid publications such as Factiva, GBI, Genios, and Meltwater. This data is then validated by speaking to key stakeholders in the cloud-based drug discovery platform market based in various countries. Finally, data gathered through primary and secondary research along with our analysis and recommendations is triangulated to arrive at the final data points pertaining to the global cloud-based drug discovery platform market. This data is then scrutinized using advanced tools to glean relevant insights capable of helping our clients make informed business decisions.
Some of the assumptions we have made while preparing this report are:
- We have not considered yearly change in inflation rate while forecasting market numbers
- Top-down approach has been used to assess market numbers
- Bottom-up approach has been used to counter-validate the reached market numbers
- Macroeconomic indicators such as GDP, wholesale & retail trade, merchandise trade, and prices have been considered to arrive at the indicated market numbers
- We have also considered the economic fluctuations while forecasting market numbers
Report Structure
As with all our publications, this report on the global cloud-based drug discovery platform market begins with a clear and self-explanatory executive summary that provides a snapshot of the market. This section comprises the market overview and analysis and our key recommendations. Next follows the market introduction section that defines the global cloud-based drug discovery platform market and highlights the various market segments. In this section, we have also covered the parent market overview and a value chain analysis of the global cloud-based drug discovery platform market. The market viewpoint section that follows right after, presents the macroeconomic factors anticipated to impact revenue growth of the global market; this is followed by an opportunity analysis of the market.
The next few sections present the global cloud-based drug discovery platform market value forecast including market size and Y-o-Y growth, absolute $ opportunity, and key regulations. The next set of sections present the regional forecasts of the cloud-based drug discovery platform market, touching upon the regional market dynamics (drivers, restraints, trends), an impact analysis of the drivers and restraints, and the historical as well as current market size analysis and forecast. The relevance and impact of forecast factors on the global market growth concludes this section.
A very important section of the report features the competitive landscape of the global cloud-based drug discovery platform market. In this section, we provide information on the market structure, market share analysis, and a competition dashboard featuring the top market players. We have also profiled some of the leading companies in the global cloud-based drug discovery platform market in this section, to enable the reader to acquire a holistic picture of the competitive scenario of the global cloud-based drug discovery platform market.
Market Taxonomy
- By End User
- Pharmaceutical Vendors
- Biotech Vendors
- Contract Research Organizations
- Others
- By Region
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
Companies covered in Cloudbased Drug Discovery Platform Market Report
Company Profiles
- IBM Corporation
- Accenture PLC
- Tata Consultancy Services Limited
- SAS Institute Inc.
- BioXcel Corporation
- Cloud Pharmaceuticals Inc.
- WuXi AppTec (Sanghai) Co. Ltd.
- Dassault System
- Acelot, Inc.
- Others.
