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Global Drug Discovery Informatics Market Report 2021-2028: Opportunities with the Growing Adoption of In-silico Modeling Tools & Advances in Computing Power
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7 Ways To Modernize Statistical Analytics To Drive Innovations For Patients
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Oncology Informatics Market Size, Share and Major Industry Players and Forecast to 2028 | Emergen Research
emergenMay 23, 2021
The global Oncology Informatics market is forecasted to be worth USD 8.01 Billion by 2027, according to a current analysis by Emergen Research. In June 2020, Philips announced a collaboration with MD Anderson’s Precision Oncology Decision Support (PODS) system to allow the physicians globally to personalize therapy based on the patient’s genomic profile to improve patient care.
The new research report titled ‘Global Oncology Informatics Market’, published by Emergen Research, proffers a comprehensive study of the Oncology Informatics industry, while estimating the overall market size and the size and share of the key regional segments of the global market over historical period of 2017-2018, as well as the projected timeline of 2020-2027. Moreover, the report considers the COVID-19 pandemic as a key contributing factor owing to its impact on the ov
expected to reach USD 5.63 billion by 2028 registering a
CAGR of 11.3% over the forecast period, according to a new report by Grand View Research, Inc. Use of drug discovery software for gaining market intelligence owing to several advantages, such as rapid drug design & synthesis, efficient tracking of disease evolution, and data integrity management, has increased significantly among the researchers in the recent years, driving the industry growth.
Key suggestions from the report:
The discovery workflow segment accounted for the largest share of 59.19% in 2020 owing to the increased focus of pharmaceutical companies on the development of novel drug candidates
The development workflow segment is expected to register the fastest CAGR from 2021 to 2028 owing to a rise in the number of drug candidates in the clinical development phase
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