The Small Molecule Drug Discovery Global Market Report 2023, provides comprehensive information on the small molecule drug discovery market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global small molecule drug discovery market size is expected to grow from $52.14 billion in 2022 to $57.51 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global small molecule drug discovery market size is expected to reach $82.56 billion in 2027 at a CAGR of 9.5%.
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Technological innovations are the key trend gaining popularity in the small molecule drug discovery market. Major companies operating in the small molecule drug discovery market are focusing on developing new products. For instance, in January 2023, Dotmatics, a US-based provider of digital science platform, launched Small Molecule Drug Discovery Solution. It is uniquely designed with integrated scientific R&D platform that has pre-configured workflows and expanded data management capabilities. It reduces the operational inefficiencies, and speeds the process of taking data from insights to decisions.
The small molecule drug discovery market is segmented:
1) By Drug Type: Small Molecule Drugs, Biologic Drugs
2) By Technology: High Throughput Screening, Pharmacogenomics, Combinatorial Chemistry, Nanotechnology, Others
3) By Therapeutic Area: Oncology, Central Nervous System, Cardiovascular, Respiratory, Metabolic Disorders, Gastrointestinal, Others
4) By Process/Phase: Target ID Or Validation, Hit Generation And Selection, Lead Identification, Lead Optimization
5) By End-User: Pharmaceutical Companies, Contract Research Organizations, Others
North America was the largest region in the small molecule drug discovery market in 2022.
The table of contents in TBRC’s small molecule drug discovery market report includes:
1. Executive Summary
2. Small Molecule Drug Discovery Market Characteristics
3. Small Molecule Drug Discovery Market Trends And Strategies
4. Small Molecule Drug Discovery Market – Macro Economic Scenario
5. Small Molecule Drug Discovery Market Size And Growth
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26. Africa Small Molecule Drug Discovery Market
27. Small Molecule Drug Discovery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small Molecule Drug Discovery Market
29. Small Molecule Drug Discovery Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Pfizer Inc.
- GlaxoSmithKline plc
- AstraZeneca
- Boehringer Ingelheim International GmbH
- Bristol-Myers Squibb Company
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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