The Drug Discovery Technologies Global Market Report 2023, provides comprehensive information on the drug discovery technologies 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.
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As per The Business Research Company’s Drug Discovery Technologies Global Market Report 2023, the global drug discovery technologies market is expected to grow from $59.86 billion in 2022 to $66.08 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The drug discovery technologies market is expected to reach $97.09 billion in 2027 at a CAGR of 10.1%.
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The invention of advanced technologies is a key trend in the drug discovery technologies market. Major companies operating in the drug discovery technologies market are launching advanced technologies to sustain their position in the market. For instance, Google LLC, a US-based technology company, launched Target and Lead Identification Suite, an AI-based tool to accelerate drug discovery. It is made to assist businesses in foreseeing and comprehending protein structure, a crucial aspect of drug research. The Suite will assist researchers in ingesting, storing, analyzing, and sharing vast volumes of genetic data. The new suites will help businesses save statistically significant amounts of time and money through the drug development process. They will contribute to resolving a long-standing problem in the biopharmaceutical sector.
The drug discovery technologies market is segmented:
1) By Technology: High Throughput Screening, Genomics, Nanotechnology, Bioinformatics, Combinational Chemistry, Pharmacogenomics, Biochips, Bioanalytical Instruments,
Ribonucleic Acid Interface (RNAI)
2) By Drug Type: Small Molecule Drugs, Biologic Drugs
3) By Disease Application: Cancer Diseases, Immunological Diseases, Neurological Diseases, Cardiovascular Diseases, Other Disease Applications
4) By End-User: Pharmaceutical Companies, Biopharmaceutical Companies, Biotechnology Companies, Research Institutes, Other End-Users
North America was the largest region in the drug discovery technologies market in 2022.
The table of contents in TBRC’s drug discovery technologies market report includes:
1. Executive Summary
2. Drug Discovery Technologies Market Characteristics
3. Drug Discovery Technologies Market Trends And Strategies
4. Drug Discovery Technologies Market – Macro Economic Scenario
5. Global Drug Discovery Technologies Market Size and Growth
……
32. Global Drug Discovery Technologies Market Competitive Benchmarking
33. Global Drug Discovery Technologies Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Drug Discovery Technologies Market
35. Drug Discovery Technologies Market Future Outlook and Potential Analysis
36. Appendix
Top Major Players:
F. Hoffmann-La Roche AG
Novartis AG
Thermo Fisher Scientific Inc.
AstraZeneca plc.
Merck KGaA
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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. 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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