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Global drug discovery market size is expected to reach $192.2 Bn by 2028 at a rate of 14.6%, segmented as by drug type, small molecule, large molecule<br>
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Drug Discovery Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Drug Discovery Market Segments The Business Research Company segments it’s Drug Discovery market report as: Small Molecule, Large Molecule By Drug Type By Process Target Selection, Target Validation, Hit-To-Lead Identification, Lead Optimization, Candidate Validation By Technology High Throughput Screening, Spectroscopy, Combinatorial Chemistry, Biochips, Pharmacogenomics And Pharmacogenetics, Bioinformatics, Metabolomics, Nanotechnology, Other Technologies By Therapeutic Area Oncology, Neurology, Infectious and Immune System Diseases, Digestive System Diseases, Cardiovascular Diseases, Diabetes, Respiratory Disease, Other Therapeutic Areas By End-User Pharmaceutical Companies, CROs, Other End-Users
Market Statistics The drug discovery market size has grown rapidly in recent years. It will grow from $98.01 billion in 2023 to $111.48 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The drug discovery market size is expected to see rapid growth in the next few years. It will grow to $192.2 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers Rising healthcare expenditure is expected to propel the drug discovery market going forward. Trends Technological advancements are a key trend in the drug discovery market. • Region North America was the largest region in the drug discovery market in 2023. The regions covered in the drug discovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Market Players • Major players in the Drug Discovery market are: • Pfizer Inc • Merck & Co. Inc • Novartis International AG • Thermo Fisher Scientific Inc • WuXiAppTec Group • And more. Get More Information On The Drug Discovery Market Report
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