Drug Discovery Informatics MarketSize and Trends

Drug discovery informatics and development is an extremely complex process that involves generation of large volumes of data. At present the market for drug discovery informatics is largely unmet. The existing approaches to gather information from various sources have been dealt with in some cases where the data types are very least well-defined or largely homogeneous. Nonetheless, the world on the verge of a new age of drug discovery informatics, the methods and approaches in which are dealing with gathering information from data and knowledge from information are experiencing a paradigm shift. The demands of this industry are well defined: huge amounts of data are produced using various innovative technologies and the restraint is searching, integrating, and accessing this data. Additionally, the inclination is to make important development decisions in the early life cycle of the discovery process. It has become crucial to take care of these issues with the vast amount of data available from ongoing projects and also from early efforts of drug development. The future of drug discovery informatics will be the assimilation of distributed and heterogeneous data. Domain specific data mining and data integration such as genomic and chemical data will continue to offer significant opportunities for drug discovery informatics. Procurement and management of graphical, textual and undefined data are some of the challenges in this field. However, these will become a vital part of data searching as well as building knowledge and information-bases. These factors will eventually lead to the growth of the data discovery informatics market during the forecast period.

Advent of technology and the increasing number of clinical trials will drive the overall drug discovery informatics market

With the advent of technology, innovative cloud-based and analytics technologies, storage and analysis of large amount of data is now possible at a lower cost. For example, Infosys popularized a cloud-based application to accelerate the management of data services for clinical trials. This in turn is likely to drive the whole drug design procedure. Infosys has been working in partnership with various clinical trial organizations and pharmaceutical companies to master the application and to provide easy access and management of data.