Drug Discovery Technologies

Report Code: BIO020H

Publish Date: Sep 2024

Publisher: BCC Publishing

Category: Cell Biology

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Report Highlights

The global market for drug discovery technologies is expected to grow from $111.9 billion in 2024 and is projected to reach $197.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.0% during the forecast period of 2024 to 2029.

Report Includes

  • 104 data tables and 34 additional tables
  • An analysis of the current and future global markets for drug discovery technologies
  • Analyses of global market trends, with market revenue data (sales figures) for 2021-2023, estimates for 2024, and projected CAGRs through 2029
  • Estimates of the market size and revenue forecasts for the global market for drug discovery technologies, with market share analysis by therapeutics, application, end user and region
  • Discussion of bioinformatics as a platform for drug discovery
  • A comparison between proteomics and genomics drug discovery technology
  • Comparative assessment of pharmacokinetics and pharmacodynamics, and classification of the techniques used in drug discovery
  • Discussions of the market dynamics, opportunities and challenges, as well as emerging technologies
  • Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices of leading companies, their ESG rankings, and consumer attitudes
  • Competitive intelligence, including companies’ market shares, recent M&A activity and venture funding
  • Profiles of the leading companies, including Thermo Fisher Scientific Inc., Danaher Corp., Agilent Technologies Inc., Illumina, and Charles River Laboratories.

Report Scope

This report provides detailed information on the drug discovery technologies market. This report analyzes the market trends of drug discovery technologies with data from 2023, estimates from 2024, projections of compound annual growth rates (CAGRs) through 2029 (forecast period 2024-2029), and regional markets of drug discovery technologies. This report highlights drug discovery technologies’ current and future market potential and gives a detailed analysis of the competitive environment. The report covers regulatory scenarios, drivers, restraints, and opportunities. This report also covers market projections for 2029 and the market share for key market players.

The market scope in this report is segmented into technologies and applications. Based on technologies, this report covers high-throughput screening (HTS), bioanalytical instruments, cell-based assays and reagents, genomics, bioinformatics, proteomics, and others, such as combinatorial chemistry, metabolomics, nanotechnology, and system biology. These technologies are further classified into subcategories for this report. The market is segmented based on application to oncology, cardiovascular diseases, neurodegenerative diseases, immunological diseases, and others.

The market has been segmented into North America, Europe, Asia-Pacific, and other world regions. The regional segment covers a detailed analysis of major countries such as the U.S., Canada, Germany, the U.K., Italy, Spain, France, Japan, China, South Korea, Australia, and India. For market estimates, data is provided for 2023, with forecasts for 2024 and projections for 2029.

The report’s goals include:

  • Analyzing technologies and applications.
  • Analyzing global market size and segmentation.
  • Identifying market constraints and drivers.
  • Providing detailed market forecasts through 2029.
  • Assessing market shares, competitiveness, and industry structure.
  • Identifying potential long-term impacts on the drug discovery technologies market.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $100.3 billion
Market size forecast $197.0 billion
Growth rate CAGR of 12.0% for the forecast period of 2024-2029
Units considered $ Millions
Segments covered Therapeutics, Application, End User, and Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Countries covered U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, China, Japan, South Korea, Australia, and India
Key Market Drivers
  • Growing adoption of high content screening techniques in drug discovery.
  • Increasing adoption of AI in drug discovery.
  • Rising prevalence of chronic and infectious diseases globally.
  • Growing global elderly population.
  • Growing availability of research funds.
Companies studied
AGILENT TECHNOLOGIES INC.BIO-RAD LABORATORIES INC.
BRUKERCHARLES RIVER LABORATORIES
DANAHER CORP.ILLUMINA INC.
PROMEGA CORP.QIAGEN
REVVITYTHERMO FISHER SCIENTIFIC INC.
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Frequently Asked Questions (FAQs)

The global market for drug discovery technologies was valued at $100.3 billion in 2023 and is projected to reach $197.3 billion by the end of 2029.
Drug discovery technologies will undoubtedly accelerate over the coming decades owing to the growing adoption of high content screening techniques in drug discovery, increasing adoption of AI in drug discovery, rising prevalence of chronic and Immunological diseases globally, growing global elderly population and growing availability of research funds.
The market scope in this report is segmented into technologies and applications. Based on technologies, the report covers high-throughput screening, bioanalytical instruments, cell-based assays and reagents, genomics, bioinformatics, proteomics, and few others, such as combinatorial chemistry, metabolomics, nanotechnology and system biology. These technologies are further classified into subcategories for the purpose of this report. The market is segmented based on application into oncology, cardiovascular, diseases, neurodegenerative diseases, immunological diseases and others.
Artificial Intelligence will dominate the drug discovery technologies market.
The North American market for drug discovery technologies was valued at $58.8 billion in 2023 and is estimated to reach $116.6 billion in 2029, at a CAGR of 12.1% during the forecast period.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Drug Discovery Technologies192Free
Chapter- 1: Executive Summary4Free
Chapter- 2: Market Overview3Free
Chapter- 3: Market Dynamics18Free
Chapter- 4: Emerging Technologies1Free
Chapter- 5: Market Segmentation Analysis109Free
Chapter- 6: Competitive Intelligence4Free
Chapter- 7: Sustainability in the Drug Delivery Technologies Market: An ESG Perspective7Free
Chapter- 8: Appendix46Free

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This is an Excel-only version of the report.

Report Includes

    Total Number of Tables in this Report: 138

  • Summary Table: Global Market for Drug Discovery Technologies, by Technology, Through 2029
  • Table 1: Porter’s Five Forces Analysis of the Drug Discovery Technologies Market
  • Table 2: Global Diabetes Prevalence, Estimates and Projections, 2021–2045
  • Table 3: Global Prevalence of Multiple Sclerosis, by WHO Region, 2013 and 2020
  • Table 4: Global HIV Epidemic, by Age Group, 2023
  • Table 5: Global Population Growth, by Age Group, Through 2050
  • Table 6: Global Market for Drug Discovery Technologies, by Technology, Through 2029
  • Table 7: Global Market for HTS in Drug Discovery, by Region, Through 2029
  • Table 8: Global Market for Bioanalytical Instruments in Drug Discovery, by Product Type, Through 2029
  • Table 9: Global Market for Bioanalytical Instruments in Drug Discovery, by Region, Through 2029
  • Table 10: Global Market for Genomics in Drug Discovery, by Product Type, Through 2029
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Report Highlights

The global market for drug discovery technologies should grow from $69.8 billion in 2020 to $110.4 billion by 2025 with a compound annual growth rate (CAGR) of 9.6% for the period of 2020-2025.

Report Includes

  • 31 data tables and 16 additional tables
  • An overview of the global market for drug discovery technologies
  • Estimation of the market size and analyses of global market trends, with data from 2019, 2020, and projections of compound annual growth rates (CAGRs) though 2025
  • Evaluation of market forecast, pipeline analysis of new products, regulatory scenarios and detailed analysis of drivers, challenges, and opportunities affecting market growth
  • Market share analysis of drug discovery technologies based on type, application, end-user, and region
  • Information on reverse transcription-polymerase chain reaction (qRT-PCR), and next-generation sequencing (NGS) and coverage of bioanalytical instruments used for drug discovery
  • Information on pharmacokinetics and pharmacodynamics, and classification of techniques used in drug discovery
  • Discussion on bioinformatics as platform for drug discovery and comparison between proteomics and genomics drug discovery technology
  • Detailed description of COVID-19 including symptoms and progression, its effect on medical tourism and insurance providers and coverage of government expenditure on COVID-19
  • Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
  • Comprehensive company profiles of major players of the industry, including Thermo Fisher Scientific, General Electric Co., Agilent, Illumina, Merck KGaA and Bio-Rad Laboratories
Published - Feb-2018| Analyst - Shalini Shahani Dewan| Code - BIO020F

Report Highlights

The global market for drug discovery technologies totaled $54.7 billion in 2017. The market should reach $85.8 billion by 2022, growing at a compound annual growth rate (CAGR) of 9.4% during 2017-2022.

Report Includes

  • 60 data tables and 23 additional tables
  • An overview of the global markets for drug discovery technologies
  • Analyses of global market trends with data from 2015, 2016, and 2017, and projections of compound annual growth rates (CAGRs) through 2022
  • A look at the current state of the drug discovery market, existing platforms and products on the market, and detailed analysis of the competitive environment, including new and potential venues for novel technologies and approaches
  • Descriptions of various products, such as bioanalytical instruments, high-throughput screening devices, informatics, and microarrays
  • Analyses of the main positive and negative factors in each sector of the market, potential future trends, and emerging technologies across different segments of the industry
  • Comprehensive company profiles of major players in the market including Agilent Technologies Inc., Ametek Inc., Bayer Technology Services GMBH, Bruker Corp., Compugen Ltd. and GE Healthcare Lifesciences
Published - Feb-2015| Analyst - Shalini Shahani Dewan| Code - BIO020E

Report Highlights

The global market for drug discovery technologies reached nearly $39.5 billion and $46.5 billion in 2013 and 2014, respectively. This market is expected to grow at a compound annual growth rate (CAGR) of 11.3% to nearly $79.5 billion for the period 2014-2019. 

Report Includes

  • An overview of the global markets for drug discovery technologies.
  • Analyses of global market trends, with data from 2012-2014, and projections of CAGRs through 2019.
  • A look at the current state of the drug discovery market, existing platforms and products on the market, and detailed analysis of the competitive environments including new, potential venues for novel technologies and approaches.
  • Descriptions of various products such as bioanalytical instruments, high-throughput screening devices, informatics, and microarrays.
  • Analyses of the main positive and negative factors in each sector of the market, potential future trends, and emerging technologies accross different segments of the industry.
Published - Jun-2012| Analyst - Marianna Tcherpakov| Code - BIO020D

Report Highlights

The global market for drug discovery technologies and products reached $38.4 billion in 2011. It is expected to expand to $41.4 billion in 2012 and to $79.0 billion in 2017, a compound annual growth rate (CAGR) of 13.8% between 2012 and 2017.

Published - Nov-2007| Analyst - Valarie Natale| Code - BIO020C

Report Highlights

  • The global market for drug discovery technologies increased from $20.2 billion in 2006 to an estimated $22 billion in 2007. It should reach $32.5 billion by 2012, a compound annual growth rate (CAGR) of 8.2%.
  • High throughput screening has the largest share of the market, worth an estimated $8.5 billion in 2007, and is expected to reach $12 billion by 2012, a CAGR of 7.1% over the forecast period.
  • While informatics has the smallest share of the market, worth $725 million in 2007, the segment will see the largest CAGR of 15.7%, as its value rises to $1.5 billion by 2012.
Published - Jul-2001| Analyst - Valarie Natale| Code - BIO020B

Report Highlights

REPORT HIGHLIGHTS

  • New methods for drug discovery and delivery are receiving considerable attention in the pharmaceutical industry and in the media. Trial-and-error discovery methods have been replaced by focused combinatorial synthesis, high throughput systems, and other advanced systems. These new methods have produced agents that have entered clinical trials. As a result of the new technologies, costs and development times are falling, and knowledge about each new agent's mode of action has increased.
  • This updated BCC study examines how the new drug discovery technologies have affected costs and drug development times. It also analyzes how new screening technologies, DNA microarrays, and increasingly sophisticated instruments will affect pharmaceutical discovery. An important section of the report analyzes market sizes and market growth for each technology. The report also includes interviews with executives in the instruments industry and the combinatorial chemistry industry.
  • Molecular biology has given scientists detailed knowledge about basic and complex biological processes. One result of this new knowledge has been an explosion in the development of sophisticated pharmaceutical agents. For example, the number of drug candidates that have been screened in the last ten years has increased by three orders of magnitude: in 1990, approximately 500,000 drug compounds were screened; for the year 2000, that number is estimated at 1.5 billion.

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Drug Discovery Technologies
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