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Increasing R&D Expenditure and Efforts propel the Global Drug Discovery Market Growth

05-26-2022 02:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Inkwood Research

Drug Discovery Market

Drug Discovery Market

According to a new market research report launched by Inkwood Research, the Global Drug Discovery Market is projected to grow with a CAGR of 6.58% during the forecasting period of 2022 to 2030, generating a revenue of $101.66 billion by 2030.

Browse 66 market data Tables and 52 figures spread over 190 Pages, along with an in-depth analysis of the Global Drug Discovery Market by Drug Type, Service, End-Users, Technology, & by Geography

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Drug Discovery Market Scenario
The growing R&D expenditure of biopharmaceutical and pharmaceutical companies facilitates growth opportunities for drug discovery. Also, medical devices, biopharmaceutical, and pharmaceutical companies are investing heavily in developing new devices and drugs. The pharmaceutical industry increasingly prioritizes R&D.

Further, several prominent market players have multiple development projects in the pipeline for diseases like oncology and cardiology, infectious diseases, and women's health. At the same time, with the rising pressure on pharma companies to maintain fixed costs, outsourcing has become a strategic alternative. A number of biopharmaceutical and pharmaceutical companies are outsourcing their testing functions during R&D to enhance profitability. Additionally, big pharma companies are transforming to leaner business models, relying majorly on outsourcing.

The Global Drug Discovery Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Drug Discovery Market by Drug Type, Service, End-Users, Technology, & by Geography: https://inkwoodresearch.com/reports/drug-discovery-market/#request-free-sample

Market Segmentation

Market by Drug Type
• Small Molecule Drug
• Biologic Drug
Market by Service
• Drug Metabolism and Pharmacokinetics Services
• Chemical Services
• Biological Services
• Other Pharmaceutical Services
Market by End-Users
• Contract Research Organizations
• Pharmaceutical Companies
• Research Institutes
• Other End-Users
Market by Technology
• Biochips
• High Throughput Screening
• Metabolomics
• Nanotechnology
• Spectroscopy
• Pharmacogenomics and Pharmacogenetics
• Bioinformatics
• Combinatorial Chemistry
• Other Technologies

Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030

Companies Profiled
• ROCHE AG
• EVOTEC SE
• JOHNSON & JOHNSON
• ELI LILLY AND COMPANY
• MERCK & CO INC
• IQVIA HOLDINGS INC
• AGILENT TECHNOLOGIES INC
• CHARLES RIVER LABORATORIES INTERNATIONAL INC
• PFIZER INC
• ICON PLC
• GLAXOSMITHKLINE PLC
• ASTRAZENECA PLC
• BAYER AG
• NOVARTIS AG

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GLOBAL MASS SPECTROMETRY MARKET - The global mass spectrometry market is set to register a CAGR of 7.30% during the forecast period, 2019-2027.

GLOBAL METABOLOMICS MARKET - The global metabolomics market is expected to record a CAGR of 11.84% during the forecast period, 2019-2027.

Inkwood Research
169, Harrison Avenue
Boston, MA 02111
Tel: +1 857-302-4704
Email: sales@inkwoodresearch.com
Website: www.inkwoodresearch.com

We at Inkwood research provide you with not just consulting services but also with syndicated and customized research reports which help advance your business further.

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