Asia-Pacific & North America Region is Expected to Witness the Highest CAGR of During the Forecast Period 2019-2029
According to a new market intelligence report by BIS Research titled ‘Global In-Silico Drug Discovery Market − Analysis and Forecast, 2018-2029’,
BIS Research Reports: https://bisresearch.com/industry-report/in-silico-drug-discovery-market.html
The Asia-Pacific & North America region is expected to witness the highest CAGR of during the forecast period 2019-2029. The growth in the Asia-Pacific market is expected to be further enhanced by other factors such as an increase in healthcare awareness, a steady economy leading to higher focus on research, widespread adoption of in-silico methods as the standard of care. The growing need to develop novel treatment options for rare diseases such as orphan diseases and, rising biopharmaceutical R&D expenditure in the region, and the rising number of clinical trials are some of the factors responsible for the growth of North America in-silico drug discovery market.
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In-silico drug discovery method has the potential to accelerate scientific research using quick and accurate in-silico testing by using software to identify new potential drugs at a faster and cheaper rate as compared to earlier methods used for drug discovery process.
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