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Growth ahead
June 2020
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Research and Markets released a new report earlier this year titled “Global Computer-Aided Drug Discovery Market 2020-2024,” forecasting that the market in question will grow by $21.75 billion in the given period at a compound annual growth rate of 3 percent. Key drivers for this market growth are the increased pressure to reduce healthcare costs and, in particular, the rising popularity of precision medicine as the industry turns away from a one-size-fits-all approach to treatment. Prominent industry members within this market segment include Kang Yusheng Information Technology Co. Ltd., Charles River Laboratories International Inc. and CompChem Solutions Ltd., among others.

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