Press release
2028 Small Molecule Drug Discovery Industry Report Growth Forecasts
Stratistics MRC's Global Small Molecule Drug Discovery Market value is expected to reach $66527.18 million growing at a CAGR of 11.5% during 2022-2028.Small molecular drugs, which penetrate through the cell membrane and act on a particular cellular organelle or protein, are employed in targeted drug delivery. Due to their low molecular weight, tiny molecules medications can easily enter cells. Due to their size, simplicity in converting to an oral form, and cost-effectiveness, these molecules perform better than monoclonal antibodies and other large molecular medications.
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By geography, North America is anticipated to hold the highest share during the forecast period. Owing to the rising rates of different chronic diseases, including cancer, cardiovascular disease, and others, as well as the increasing acceptance of new small molecules in the area, are the main reasons propelling the market's expansion. The FDA reports that the Center for Drug Evaluation and Research (CDER) approved 48 new medications.
Some of the key players profiled in the Small Molecule Drug Discovery Market include 21st Century Therapeutics Inc., Gilead Sciences Inc., BioNTech (4SC-Discovery ), Bristol-Myers Squibb Company, Acacia Pharma Gr, AstraZeneca, Agilent Technologies Inc., Boehringer Ingelheim GmbH, GlaxoSmithKline PLC, Takeda Pharmaceutical Industries Ltd, Johnson & Johnson, Pfizer Inc., Merck KGaA, Novartis, Teva Pharmaceuticals Inc.
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Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
● Company Profiling
● Comprehensive profiling of additional market players (up to 3)
● SWOT Analysis of key players (up to 3)
● Regional Segmentation
● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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