What is trending in Global DNA-Encoded Libraries Platforms and Services Market? What are the strategies to boost business in near years?

An analytical market research report titled DNA-Encoded Libraries Platforms and Services Market has been recently published by Absolute Markets Insights to its extensive database. The report further provides a comprehensive outline of developments in Healthcare sector. Primary and secondary research techniques are used for the compilation of DNA-Encoded Libraries Platforms and Services. The study reviews internal and external driving forces, fueling the growth of the DNA-Encoded Libraries Platforms and Services Market in the forecast period. Additionally, it also presents insights into various restraints that help to understand the risks and challenges faced by businesses. Global opportunities are especially underlined on the basis of analysis of demanding structure and scope for the Healthcare sector.

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Absolute Markets Insights (AMI) reports a robust forecast for DNA-encoded libraries platforms and services market during the 2021-2029 period. In its newly released report, AMI anticipates the market will grow at 21.27%. AMI reports that in terms of revenue, global DNA-encoded libraries platforms and services market was valued at US$ 719.04 Mn in 2020 and is anticipated to reach US$ 4043.80 Mn by 2029.

Rise in Need of Faster Drug Discovery Methods
DNA encoded libraries enable in the identification of numerous bioactive compounds. The technology is preferred due to its ease of handling and cost effectiveness. It requires just tens to hundreds of thousand dollars to create and use it. Initiatives are being taken by several mid-sized to large companies towards building in house DNA-encoded library technology. Market participants in the global DNA-encoded libraries platforms and services market have put forth strategic alliances with service providers for accessing the latter’s DNA-encoded libraries. Extensive investment on research & development to find innovative ways to mitigate the risk associated with failure of drug discovery program and growing patient population needs are driving the demand of DNA-encoded libraries platforms and services market. Small molecule discovery from DNA encoded chemical libraries require minimal quantities of material and require only modest investments of time and equipment. These libraries enable screening of large number of compounds in very small quantities in modest investment. Thus, DNA-encoded library technology is regarded as a cost-effective approach as it saves both purchasing cost and time.

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Technological maturation in the past two decades and the recent growing developments of DNA-encoded library (DEL), is fuelling its application in drug discovery. These innovations in DEL selection methods have not only expanded the target scope but also revealed the potential of DEL technology. Thus it is emerged as a powerful tool in exploring fundamental biology. In order to fulfill the market demands DNA- encoded libraries represent a novel and robust approach for it. It can store up to 100 billion molecules which is 100 times greater than the total number of compounds indexed by Chemical Abstract during last 100+ years. It is the only method that allows collection of data from such a large sampling, hit identification and discovery of pharmacological leads using single library, thus accelerating the drug discovery process. Furthermore, researchers can screen trillions of compounds as a mixture and there is no limit to the number of molecules put into the mixture. Thus, with the help of such bulk screening, faster drug discovery is made possible. The technology enables multiple parallel screenings and helps to find specific compounds in 50 experiments opposed to the other methods which conduct 50 million experiments. These factors are driving the demand for DNA-encoded libraries platforms and services market, which in turn is aiding in faster drug discoveries.

Increasing Worldwide Disease Burden
Chronic diseases and conditions are on the rise worldwide. Aging population and changes in lifestyle are contributing to increase long term health problems. DNA encoded library allows the synthesis and screening of millions or even trillions of encoded compounds in and economical and quicker way than the conventional method. Most of the diseases that affect humans have satisfactory therapeutic options available, while others have limited ineffective treatment alternatives. There are some of the diseases with huge unmet medical need which include neoplastic conditions, diabetes, Alzheimer’s disease, immunological disorders, the human immunodeficiency virus-associated acquired immune deficiency syndrome (HIV-AIDS), neglected tropical diseases and rare diseases. The growth of these diseases exerts a heavy burden on countries and societies. An absolute curative therapy for these diseases is difficult to find which is facilitating as an opportunity for new drug discovery molecules. According to NIH in the USA there are approximately 6800 rare diseases which affect almost 1 in 10 people. These disorders affect 6-7% of the population in the developed world. There are relatively few treatments available for patients diagnosed with rare diseases. Rare diseases have extensive impact on public health. The most common rare diseases include multiple sclerosis, cystic fibrosis and Duchenne muscular dystrophy. The treatment of these rare diseases requires orphan drugs. Government bodies worldwide have enacted legislation to stimulate research and investment. There are relatively few treatments available for most patients with a rare disease. The development of new medicine is much needed which drives the need of drug discovery. DNA encoded library is a cost effective and time efficient method for drug discovery. It allows the screening of trillions of compounds which makes it prominent biological tool and the DNA-encoded libraries platforms and services market is expected to gain more traction over the forecast period.

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The detailed research study provides qualitative and quantitative analysis of DNA-encoded libraries platforms and services market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Global DNA-Encoded Libraries Platforms and Services Market:

• By Offerings

o DEL-Driven Hit identification
o Hit-to-Lead
o Lead Optimization
o Libraries design & production
o Screening & data analysis
o Others

• By End-Users

o Pharmaceutical Companies
o Biotechs
o Research Institutions
o Others

• By Region

o North America
 U.S
 Canada
 Mexico
 Rest of North America
o Europe
 France
 The UK
 Spain
 Germany
 Italy
 Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
 Benelux Union
 Belgium
 The Netherlands
 Luxembourg
 Rest of Europe
o Asia Pacific
 China
 Japan
 India
 New Zealand
 Australia
 South Korea
 Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
 Rest of Asia Pacific
o Middle East and Africa
 Saudi Arabia
 UAE
 Egypt
 Kuwait
 South Africa
 Rest of Middle East & Africa
o Latin America
 Brazil
 Argentina
 Rest of Latin America

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