Drug Discovery Market Size And Forecast
According to Verified Market Research, Global Drug Discovery Market was valued at USD 39.02 Billion in 2018 and is projected to reach USD 73.17 Billion by 2026, growing at a CAGR of 8.2 % from 2019 to 2026.

What is Drug Discovery?
Drug discovery is defined as the process of identifying new medicines. It involves a broad range of disciplines such as biology, chemistry and pharmacology. This process involves the identification of candidates, synthesis, characterization, screening, and assays for therapeutic efficacy. Once a compound has shown its value in these tests, the process of drug development prior to clinical trials begins subsequently. Screening of chemical compounds for potential pharmacological effects is a very crucial step for drug discovery and development. These diverse range of chemicals have been derived from natural products such as plants, animals, and microorganisms.

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Global Drug Discovery Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The increasing prevalence of a wide range of diseases such as cardiovascular and CNS-related disorders among all the age groups, rising healthcare expenditure, as well as upsurge in the usage of advanced technologies, such as high throughput, bioinformatics, and combinatorial chemistry are the factors boosting the market growth. Moreover, a rise in demand for specialty medicines is expected to fuel market growth. On the other hand, the high costs associated with the drug discovery & development process and stringent regulatory framework might act as restraints and hinder the overall growth.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Drug Discovery Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Drug Discovery Market Competitive Landscape
The “Global Drug Discovery Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Pfizer Inc., GlaxoSmithKline PLC, Merck & Co. Inc., Agilent Technologies Inc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd, Bayer AG, Abbott Laboratories Inc., AstraZeneca PLC, Shimadzu Corp.. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Drug Discovery Market, By Drug Type
• Small Molecule Drugs
• Biologic Drugs

Drug Discovery Market, By Technology
• High Throughput Screening
• Pharmacogenomics
• Nanotechnology
• Other

Drug Discovery Market, By End Users
• Pharmaceutical Companies
• Contract Research Organizations (CROs)
• Other

Drug Discovery Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World

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