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Global Drug Discovery Market to reach USD 94.10 billion by 2027.

Global Drug Discovery Market Size study, by Drug Type (Small Molecule Drugs and Biologic Drugs), by Technology (High Throughput Screening, Pharmacogenomics, Nanotechnology and Others), by End-User (Pharmaceutical Companies, Contract Research Organizations (CROs) and Others) and Regional Forecasts 2021-2027

Product Code: HLSDT-98567345
Publish Date: 20-01-2023
Page: 200

Global Drug Discovery Market is valued at approximately at USD 53.85 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.3% over the forecast period 2021-2027. Drug discovery is the process of identifying & discovering new potential medications. Drug Discovery market is highly dependent on pharmaceutical and biopharmaceutical industries growth as well as presence of various diseases around the world. The global Drug Discovery market is being driven by growing approval of new drugs which provide favorable scenario for drug discovery. For instance, in January 2020, Food and Drug Administration of U.S. approved Palforzia to treat allergic reactions, including anaphylaxis for children. Also, in November 2021, FDA approved Keytruda for treating kidney cancer. Another important driving factor is the rising exports of pharmaceutical, as the demand for drugs continues to increase for treating diseases around the world. According to the Ministry of Chemicals & Fertilizers, there has been increase in exports of pharmaceuticals in India from USD 14900 million in 2017-18 to USD 19640 million in 2019-20, the same increased for Japan according to United Nations Conference on Trade and Development from USD 2.57 million in 2017-18 to USD 1.43 million in 2019-20. Furthermore, the rising prevalence of diseases such as cancer, cardiovascular diseases along with rising research & development activities related to pharmaceuticals and increasing healthcare expenditure worldwide will provide new opportunities for the global Drug Discovery Market. However, stringent government regulations and high costs related to drug discovery may impede market growth over the forecast period of 2021-2027.

The regional analysis for the global Drug Discovery Market is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to high research & development spending on pharmaceuticals and presence of well-established companies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to large scale production of pharmaceutical drugs and increasing healthcare expenditure in the region.

Major market players included in this report are:
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.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Drug Type:
Small Molecule Drugs
Biologic Drugs
By Technology:
High Throughput Screening
By End User:
Pharmaceutical Companies
Contract Research Organizations (CROs)
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Drug Discovery Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Drug Discovery Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Drug Discovery Market, by Drug Type, 2019-2027 (USD Billion)
1.2.3. Global Drug Discovery Market, by Technology, 2019-2027 (USD Billion)
1.2.4. Global Drug Discovery Market, by End User, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Drug Discovery Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Drug Discovery Market Dynamics
3.1. Drug Discovery Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Growing approval of new drugs Rising exports of pharmaceuticals
3.1.2. Market Restraint Stringent government regulations High costs related to drug discovery
3.1.3. Market Opportunities Rising research & development activities related to pharmaceuticals Increasing healthcare expenditure worldwide
Chapter 4. Global Drug Discovery Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Drug Discovery Market, by Drug Type
6.1. Market Snapshot
6.2. Global Drug Discovery Market by Drug Type, Performance – Potential Analysis
6.3. Global Drug Discovery Market Estimates & Forecasts by Drug Type, 2018-2027 (USD Billion)
6.4. Drug Discovery Market, Sub Segment Analysis
6.4.1. Small Molecule Drugs
6.4.2. Biologic Drugs
Chapter 7. Global Drug Discovery Market, by Technology
7.1. Market Snapshot
7.2. Global Drug Discovery Market by Technology, Performance – Potential Analysis
7.3. Global Drug Discovery Market Estimates & Forecasts by Technology, 2018-2027 (USD Billion)
7.4. Drug Discovery Market, Sub Segment Analysis
7.4.1. High Throughput Screening
7.4.2. Pharmacogenomics
7.4.3. Nanotechnology
7.4.4. Others
Chapter 8. Global Drug Discovery Market, by End-User
8.1. Market Snapshot
8.2. Global Drug Discovery Market by End User, Performance – Potential Analysis
8.3. Global Drug Discovery Market Estimates & Forecasts by End User, 2018-2027 (USD Billion)
8.4. Drug Discovery Market, Sub Segment Analysis
8.4.1. Pharmaceutical Companies
8.4.2. Contract Research Organizations (CROs)
8.4.3. Others
Chapter 9. Global Drug Discovery Market, Regional Analysis
9.1. Drug Discovery Market, Regional Market Snapshot
9.2. North America Drug Discovery Market
9.2.1. U.S. Drug Discovery Market Drug Type breakdown estimates & forecasts, 2018-2027 Technology breakdown estimates & forecasts, 2018-2027 End-User breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Drug Discovery Market
9.3. Europe Drug Discovery Market Snapshot
9.3.1. U.K. Drug Discovery Market
9.3.2. Germany Drug Discovery Market
9.3.3. France Drug Discovery Market
9.3.4. Spain Drug Discovery Market
9.3.5. Italy Drug Discovery Market
9.3.6. Rest of Europe Drug Discovery Market
9.4. Asia-Pacific Drug Discovery Market Snapshot
9.4.1. China Drug Discovery Market
9.4.2. India Drug Discovery Market
9.4.3. Japan Drug Discovery Market
9.4.4. Australia Drug Discovery Market
9.4.5. South Korea Drug Discovery Market
9.4.6. Rest of Asia Pacific Drug Discovery Market
9.5. Latin America Drug Discovery Market Snapshot
9.5.1. Brazil Drug Discovery Market
9.5.2. Mexico Drug Discovery Market
9.6. Rest of The World Drug Discovery Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Pfizer Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. GlaxoSmithKline PLC
10.2.3. Merck & Co. Inc.
10.2.4. Agilent Technologies Inc.
10.2.5. Eli Lilly and Company
10.2.6. F. Hoffmann-La Roche Ltd.
10.2.7. Bayer AG
10.2.8. Abbott Laboratories Inc.
10.2.9. AstraZeneca PLC
10.2.10. Shimadzu Corp.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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