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Drug discovery market envisaged outreaching USD 68.684 billion with a growing CAGR of 9.20% throughout the forecast period just published

Medical Market Research

The report “Drug Discovery Market – Size, Outlook, Trends, and Forecasts (2018 – 2024)", the Drug Discovery Market is expected to reach USD 68.684 Billion by the year 2024, at a CAGR of 9.20% during forecast period (2018-2024)

Drug discovery is a process of inventing a new medication in the field of pharmaceuticals, biotechnology and pharmacology. It is a complex, lengthy and expensive process.

Though advanced technologies are available, the success rate of drug discovery is very low and the time involved is relatively high. The populated pipeline for novel drugs along with the patent expiry of several other drugs and also an increased expenditure on healthcare are considered as the driving factors for the market growth.

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This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.

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Key pointers in the report include:

  • Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis & PESTLE analysis to perform to analyze the impact of drivers, restraints, challenges and constraints on the market during the next five years.
  • Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals which will specify the emerging scope for the market in end user industries.
  • Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
  • Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each and every segment of the market.
  • A complete 360 degree analysis is provided in the report on key companies’ product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period.
  • Advanced customizations on countries, specific applications in end user industries, product based customizations will be provided based on the request.
  • All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts.

Drug Discovery Market Top Players:

  • Roche Holding AG
  • Merck & Co. Inc
  • Eli Lily
  • GlaxoSmithKline LLC
  • Pfizer, Inc
  • AstraZeneca PLc
  • Johnson and Johnson
  • Sanofi
  • Jubilant Biosys
  • Bayer AG
  • Covance
  • Boehringer Ingelheim GmBh
  • Albany Molecular Research Inc.
  • Charles River Laboratories

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