The Drug Discovery Global Market Report 2023, provides comprehensive information on the drug discovery market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Drug Discovery Market’s Growth:
https://www.thebusinessresearchcompany.com/report/drug-discovery-global-market-report
As per The Business Research Company’s Drug Discovery Global Market Report 2023, the global drug discovery market size grew from $85.42 billion in 2022 to $98.48 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The drug discovery market size is expected to grow to $158.67 billion in 2027 at a CAGR of 12.7%.
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The drug discovery market is segmented:
1) By Drug Type: Small Molecule, Large Molecule
2) By Process: Target Selection, Target Validation, Hit-to-Lead Identification, Lead Optimization, Candidate Validation
3) By Technology: High Throughput Screening, Spectroscopy, Combinatorial Chemistry, Biochips, Pharmacogenomics and Pharmacogenetics, Bioinformatics, Metabolomics, Nanotechnology, Other Technologies
4) By Therapeutic Area: Oncology, Neurology, Infectious and Immune System Diseases, Digestive System Diseases, Cardiovascular Diseases, Diabetes, Respiratory Disease, Other Therapeutic Areas
5) By End User: Pharmaceutical Companies, CROs, Other End-Users
North America was the largest region in the drug discovery market in 2022.
The table of contents in TBRC’s drug discovery market report includes:
- Executive Summary
- Drug Discovery market Characteristics
- Drug Discovery market Trends And Strategies
- Drug Discovery market – Macro Economic Scenario
- Drug Discovery market Size And Growth
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- Africa Drug Discovery market
- Drug Discovery market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Drug Discovery market
- Drug Discovery market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Pfizer Inc
- GlaxoSmithKline PLC
- Merck & Co. Inc
- Agilent Technologies Inc
- Eli Lilly and Company
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology, with 6500+ reports. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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