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Drug Discovery Market worth $157.13 billion by 2030, growing at a CAGR of 14.10% - Exclusive Report by 360iResearch
Drug Discovery Market | 360iResearch
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Drug discovery encompasses several critical stages, including target identification, lead discovery, preclinical testing, and clinical trials, essential for developing new medications that address unmet medical needs and improve patient outcomes. It is vital for advancing medical knowledge and combating drug resistance, as it fuels the pipeline of new therapies. Key applications involve understanding biological targets, refining compounds, assessing safety in non-human subjects, and conducting human trials. The end-use scope spans pharmaceutical and biotechnology companies, academic research institutions, and contract research organizations responsible for innovation and bringing drugs to market. Growth factors such as technological advancements in high-throughput screening, AI, and bioinformatics, increased research and development (R&D) investments, and the rising prevalence of chronic diseases drive demand for novel treatments. Companies are encouraged to harness AI and machine learning to reduce discovery costs, engage in collaborative research models to leverage diverse expertise, and focus on personalized medicine tailored to genetic profiles. However, the process faces limitations, including high costs, lengthy timeframes, regulatory hurdles, scientific uncertainty, and competition from generic drugs and biosimilars. Opportunities for innovation include exploring gene-editing technologies such as CRISPR for genetic disorders, investigating nanomedicine for targeted drug delivery, and researching biologic drugs, including monoclonal antibodies and vaccines, for complex conditions. The dynamic market requires substantial investment and continuous innovation, demanding companies remain agile, adaptive, and forward-thinking to succeed. The landscape offers significant opportunities despite its challenges, ultimately aiming to deliver new, effective, and safe treatment options.
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Market Segmentation & Coverage:
This research report categorizes the Drug Discovery Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Drug Type, market is studied across Biologic Drugs and Small Molecule Drugs.
Based on Technology, market is studied across Bioanalytical Instruments, Biochips, Bioinformatics, Combinatorial Chemistry, High Throughput Screening, Nanotechnology, and Pharmacogenomics.
Based on Therapeutic Area, market is studied across Cardiovascular Disease, Digestive System Diseases, Infectious & Immune system Diseases, Neurology, and Oncology.
Based on End User, market is studied across Academics & Research Institutes, Contract Research Organizations, and Pharmaceutical Companies.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Georgia, Illinois, Indiana, Michigan, New York, North Carolina, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Drug Discovery Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Agilent Technologies, Inc., Alacrita Holdings Limited, Astex Pharmaceuticals by Otsuka Pharmaceutical Co., Ltd., Astrazeneca PLC, Atomwise, Inc., BenevolentAI, Bio-Rad Laboratories, Inc., BioSymetrics Inc., Charles River Laboratories International, Inc., Chembridge Corporation, Cloud Pharmaceuticals, Inc., Dalriada Drug Discovery, Deciphera Pharmaceuticals, Inc., Evotec SE, F. Hoffmann-La Roche Ltd., GENFIT SA, Incyte Corporation, International Business Machines Corporation, Intra-Cellular Therapies Inc., Merck KGaA, Microsoft Corporation, NVIDIA Corporation, PerkinElmer, Inc., Pharmacelera SL, Piramal Group, Recursion Pharmaceuticals, Inc., Schrödinger, Inc., Shimadzu Corporation, and Thermo Fisher Scientific Inc..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Drug Discovery Market, by Drug Type
7. Drug Discovery Market, by Technology
8. Drug Discovery Market, by Therapeutic Area
9. Drug Discovery Market, by End User
10. Americas Drug Discovery Market
11. Asia-Pacific Drug Discovery Market
12. Europe, Middle East & Africa Drug Discovery Market
13. Competitive Landscape
14. Competitive Portfolio
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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