Drug Discovery Market Growth, Opportunity, Size, Share and Forecast 2019-2025

Global drug discovery is an efficient way to discover new drugs and medications in the field of biotechnology and pharmacology. The process of drug discovery is carried out in four stages: target identification, target validation, high speed screening, and lead optimization. One of the major factors augmenting the growth of the market includes increasing geriatric population coupled with the rising prevalence of health disorders and chronic diseases such as genetic disorders, nervous system disorders, diabetes, and cardiovascular diseases. According to the genesis foundation for children in 2017, 1 in every 33 children in the US is born with an intellectual or genetic disorder. It is estimated that about 120,000 babies in the US are affected each year.

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The factors contributing to the growth of the market include increasing prevalence of chronic diseases such as genetic disorders, cancer, diabetes, cardiovascular diseases and many more. Apart from this, increased healthcare expenditure and patent expiries of other drugs is accelerating the growth of the market. Patents for brand drug expire every year, enabling the development for alternatives to enter the market, contributing significantly to the growth of the market. Moreover, technological advancements in biotechnology and genomics is a major factor, due to which the market will witness lucrative growth during the forecast period.

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Global Drug Discovery Market Segmentation

By Type
o Pharmacogenomics
o High Throughput Screening
o Genomics
o Bioinformatics
o Biochips
o Nanotechnology
o Others

By End User
o Pharmaceutical Companies
o Biopharmaceutical Companies
o Biotech Companies
o Research Institutes

Company Profiles
o Abbott Laboratories Inc
o Albany Molecular Research
o Arqule, Inc.
o Bayer Ag
o Bio-Rad Laboratories
o Boehringer Ingelheim
o Caliper Life Sciences
o Celera Corp
o Charles River Laboratories International
o Eli Lilly And Company
o Evotec Ag
o Glaxosmithkline

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