The global drug discovery market is anticipated to grow at a considerable CAGR of 13.5% during the forecast period (2021-2027). The rising research and development activities is one of the prime factors affecting and driving the market. The companies are investing in research and development activities in order to gain and discover new drugs and devices for giving effective treatment to patients across the globe which in turn is boosting the growth of the market.
Browse the full report description of "Global Drug Discovery Market Research By Type (Pharmacogenomics, High Throughput Screening, Genomics, Bioinformatics, Biochips and Nanotechnology), and By End User (Pharmaceutical Companies, Biopharmaceutical Companies, Biotech Companies and Research Institutes) Forecast Period (2021-2027)" at https://www.omrglobal.com/industry-reports/drug-discovery-market
To gain on the opportunity key players operating in the drug discovery market had been adopting strategy such as new launches. For instance, in October 2020, GlaxoSmithKline plc., had introduced artificial intelligence (AI) with the partnership done with Nvidia which is one of the tech companies. Through this partnership GlaxoSmithKline plc., will utilize its clinical and genomic data by combining it with Nvidia computing systems in order to discover new drugs and vaccines.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Type
o By End User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Drug Discovery Market - Segmentation
By Type
• Pharmacogenomics
• High Throughput Screening
• Genomics
• Bioinformatics
• Biochips
• Nanotechnology
By End User
• Pharmaceutical Companies
• Biopharmaceutical Companies
• Biotech Companies
• Research Institutes
Global Drug Discovery Market by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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