Drug Discovery Market Report, Growth Analysis, Trends, And Forecast To 2033

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Drug Discovery Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Drug Discovery Market Segments
The Business Research Company segments its Drug
Discovery market report as
Small Molecule, Large Molecule
By Drug Type
By Process
Target Selection, Target Validation, Hit-To-Lead
Identification, Lead Optimization, Candidate
Validation
By Technology
High Throughput Screening, Spectroscopy,
Combinatorial Chemistry, Biochips,
Pharmacogenomics And Pharmacogenetics,
Bioinformatics, Metabolomics, Nanotechnology,
Other Technologies
By Therapeutic Area
Oncology, Neurology, Infectious and Immune System
Diseases, Digestive System Diseases,
Cardiovascular Diseases, Diabetes, Respiratory
Disease, Other Therapeutic Areas
By End-User
Pharmaceutical Companies, CROs, Other End-Users
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Market Statistics
The drug discovery market size has grown rapidly
in recent years. It will grow from 98.01 billion
in 2023 to 111.48 billion in 2024 at a compound
annual growth rate (CAGR) of 13.7. The drug
discovery market size is expected to see rapid
growth in the next few years. It will grow
to 192.2 billion in 2028 at a compound annual
growth rate (CAGR) of 14.6.
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Key Market Drivers And Trends
Drivers
Rising healthcare expenditure is expected to
propel the drug discovery market going forward.
Trends
Technological advancements are a key trend in the
drug discovery market.
Region
North America was the largest region in the drug
discovery market in 2023. The regions covered in
the drug discovery market report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East,
Africa.
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Key Market Players

• Major players in the Drug Discovery market are
• Pfizer Inc
• Merck Co. Inc
• Novartis International AG
• Thermo Fisher Scientific Inc
• WuXi AppTec Group
• And more.

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