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Global Drug Discovery Market By Drug Type (Biologics, Small Molecule), By Type (Biology Services, Medical Chemistry Services, Others), By Therapeutic Area (Oncology, Neurology, Others), By Region–Forecast & Opportunities to 2026

Report Description

The global drug discovery market accounted for USD 9.2 billion in 2019. The drug discovery market is projected to grow at a CAGR of 12.0% during the forecast period.

COVID-19 has affected all the business over the globe. Many leading biotechnology and pharmaceuticals firms have collaborating in order to expedite the research and development process so that they can come up with a vaccine for corona virus or therapeutics to combat corona virus. The strategies and initiatives adopted by different firms are likely to accelerate drug discovery market growth during forecast period.

Definition:

Drug discovery can be defined as a functional process in a biotechnology and pharmaceutical firms. Drug discovery involves various procedures and steps that depend on in-silico tools for reducing process complexity. Drug discovery’s success totally depends on effectiveness of employed tools so that varied aspects of drugs can be assessed.

Market Dynamics (Drivers/Opportunities):

According to Pharmaceutical research and manufactures of America (PhRMA), the expenditure in research and development has been increased immensely in the drug discovery segment. This is likely to give boost to the drug discovery market in coming future and many inventions of many drugs are expected in coming years.

Biopharmaceutical, medical device and Pharmaceutical companies are heavily investing in the development of devices and novel drugs. They are spending majorly on preclinical stages and phase III of drug development. The need for clinical and preclinical services has been increasing during the drug discovery process. It is one of the major driving factors of drug discovery market.

Pharmaceuticals and biotechnologies companies are investing their money and time on research & development segment in order to come up with drugs to cure rare and severe diseases. Thus, drives the drug discovery market. The pharmaceuticals companies are spending 17% of their revenue on an average.

Market Insights, by Drug

Based on the type, the drug discovery market has been segmented into biologics drugs and small molecule drugs. The small molecule drugs segment is accounted for the largest market share in 2019. The small molecule drugs segment is expected to register growth at highest CAGR during the forecast period. The growth in small drugs segment is attributed by its various merits such as well-defined molecules, simple structure and they are easy to characterize. Because of this features small-drugs can quickly enter cells, affect molecules and make cancer cell die.

Market Insights, by Therapeutic area

Based on therapeutic area, the drug discovery market is segmented into oncology, neurology, cardiovascular diseases, infectious & immune system diseases, digestive diseases and other therapeutic diseases. The oncology market is estimated to register growth at highest CAGR during the forecast period. The growth in oncology segment can be attributed by the increasing number of cancer patients. This has lead to growing demands of cancer therapy. Thus, drives the oncology market in drug discovery market.

Market Insights, by Type

On the basis of type, the drug discovery market is segmented into biology services, drug metabolisms & pharmacokinetics (DMPK) and medical chemistry services. The medical chemistry services segment is estimated to register growth at highest CAGR during the forecast period.  Factors such as widespread use of medical chemistry services in many phases of preclinical drug discovery market to deliver robust candidates. Medical chemistry is used in biotechnology companies, academics and large pharmaceuticals companies have also attributed market growth.

Regional Insights

The North America region accounted for maximum market share in 2019 in drug discovery market. The rising R&D expenditure by many firms, presence of well-established CROs and availability of technologically advanced instruments, techniques and facilities for drug discovery market has driven growth in North America Region.

Asia-pacific region is expected to register growth at highest CAGR during the forecast period. The availability of skilled labor, government policies and disposable rise in income are the factors driving growth in drug discovery market. The number research done are increasing along with the deals of large pharmaceuticals companies are also driving the growth in Asia-Pacific region.

Key Companies & Market Share Insights

The key market players in drug discovery market are Charles River Laboratories, Thermo Fisher scientific, Albany Molecular Research Inc., Evotec AG, Domainex, Laboratory Corporation of America Holdings, GenScript Biotech Corp., Pharmaceutical Prduct Development, Piramal Enterprises Ltd., WuXi App, jubilant Biosys Ltd., Eurofins Scientific SE, Aligent Technologies, Bruker Corp, Shimadzu Corp. and Selvita S.A.

Segments Covered in the Report

This report forecasts The Global Drug Discovery Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global drug discovery market report on the basis of drug type, type, and therapeutic area.

Drug Discovery Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • ValueChain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Drug Discovery Market, By Drug Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Biologics Drugs
  • Small Molecule Drugs
  1. Drug Discovery Market, By Therapeutic Area, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Oncology
  • Neurology
  • Cardiovascular Diseases
  • Infectious & Immune System Diseases
  • Digestive Diseases
  • Other Therapeutic Diseases
  1. Drug Discovery Market, ByType, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Biology Services
  • Drug Metabolisms & Pharmacokinetics (DMPK)
  • Medical Chemistry Services
  1. Drug Discovery Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Drug Type
    • By Therapeutic Area
    • By Type
    • By Country
      • USA
        • By Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Drug Type
      • By Therapeutic Area
      • By Type
      • By Country
        • Brazil
          • By Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Drug Type
        • By Therapeutic Area
        • By Type
        • By Country
          • UK
            • By Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Drug Type
          • By Therapeutic Area
          • By Type
          • By Country
            • China
              • By Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Drug Type
            • By Therapeutic Area
            • By Type
            • By Country
              • Saudi Arabia
                • By Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Selvita S.A.
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Charles River Laboratories
    • Thermo Fisher scientific
    • Albany Molecular Research Inc.
    • Evotec AG
    • Domainex
    • Laboratory Corporation of America Holdings
    • GenScript Biotech Corp.
    • Pharmaceutical Prduct Development
    • Piramal Enterprises Ltd.,
    • WuXi App, jubilant Biosys Ltd.
    • Eurofins Scientific SE
    • Aligent Technologies
    • Bruker Corp
    • Shimadzu Corp.

 

  1. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

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