According to Stratistics MRC, the Global Small Molecule Drug Discovery Market is accounted for $32,150.00 million in 2020 and is expected to reach $71,462.66 million by 2028 growing at a CAGR of 10.5% during the forecast period. Rise in drug discovery, development and rising usage of the drugs in the treatment of chronic diseases are driving the market growth. However, high cost of drugs is hindering the market growth.
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By geography, North America is going to have high growth during the forecast period due to the rising increasing number of contract organizations for research and development. Moreover, the United States is focusing on R&D activities to meet the rising demands of its people, finally leading the market of North America.
Some of the key players profiled in the Small Molecule Drug Discovery Market include Astrazeneca, Boehringer Ingelheim Gmbh, Bristol- Myers Squibb Company, Gilead Sciences, Inc., GlaxoSmithKline PLC, Johnson & Johnson, Merck & Co., Pfizer Inc and Teva Pharmaceuticals.
Types Covered:
• Tablets
• Pills
Therapeutic Areas Covered:
• Dermatology
• Respiratory
• Cardiovascular
• Immunology
• Anti-Infective
• Oncology
• Central Nervous System
• Orthopedics
• Rare Diseases & Metabolic Disorders
• Gastrointestinal
Process Phases Covered:
• Target Identification (ID)/Validation
• Preclinical Development
• Lead Optimization and Refinement
• Lead Identification
• Hit Generation and Selection
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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