Drug Discovery Market Investment Analysis and Growth Opportunity Report 2022-2030 – Big Apple Buckets
Report Ocean has published a new investigative report on the Drug Discovery market. The research offers crucial details about growth plans, business opportunities, trends, innovations, competitive environment in 2021 and a geographical perspective that considers North America, Europe, Asia- Pacific, Latin America, Middle East and Africa. .
The global drug discovery market size was 58,194.1 million US$ in 2021. The global drug discovery market is expected to reach 113,374.2 million US$ by 2030 growing at a rate compound annual growth rate (CAGR) of 7.9% over the forecast period from 2022 to 2030.
The US current account deficit increased and reached $234.8 billion in Q4 2021. However, the Canadian dollar (CAD) exchange increased by 29.9% in Q1 22 to reach $294.4 billion, widening the imbalance by $68.6 billion. In the first quarter of 2022, exports of goods and services increased by $27.7 billion, for a total of $1.07 trillion. However, the country’s goods and services deficit narrowed to $79.9 billion in June from $87.9 billion in May, which has been corrected, with a drop of $5.7 billion indicating some relief. . On the other hand, the country’s annual inflation rate reached 8.7%.
The price of logistics increased by 34.9% in July 2022, disrupting the supply chain, while electricity prices increased by 15.5%, the highest level since February 2006. In addition, the number of US existing homes sold in July 2022 fell 5.95% to 4.85. million (seasonally adjusted annual rate), which was the lowest number since May 2020 and below the market forecast of 4.89 million. Residential sales fell for the sixth straight month as the mortgage rate peaked at 6.3%. The US economy continues to be heavily impacted by the global energy crisis, forcing people to spend less and save more.
In order to produce a holistic assessment of the market, various factors are considered including demographics, business cycles, and microeconomic factors specific to the market under study. The Drug Discovery Market Report 2022 also contains a complete business analysis of the state of the company, which analyzes the innovative ways for the growth of the company and describes critical factors such as the main manufacturers, the value of production, key regions and growth rate.
The research study on the drug discovery market was conducted in five stages: secondary research, primary research, advice from subject matter experts, quality control, and final review.
Statistical and compelling models for the market have been used to assess and forecast the market data. In addition, important market shares and trends have been considered while creating the study. Market Timeline Analysis, Vendor Positioning Grid, Market Overview and Guide, Enterprise Market Share Analysis, Enterprise Positioning Grid, Measurement Standards, top-down analysis and vendor analysis are additional data models that can be used.
The report combines in-depth quantitative analysis with exhaustive qualitative analysis, ranging from a macro-overview of overall market size, industry chain and market dynamics to micro-details of market segments by type, application and region. Accordingly, the report offers a comprehensive view of the Drug Discovery market that discusses all its key facets. These market assumptions are supported by data from primary and secondary research.
Factors influencing the market
The rapid growth in the cases of chronic diseases is the main growth driver of the drug discovery market. Furthermore, growing healthcare expenditure and increasing demand for new drugs will be the main driver for the expansion of the market over the forecast period.
Data from the 2018 National Health Survey (NHIS) indicates that approximately 51.8% of American adults have been diagnosed with at least one chronic disease, such as cancer, arthritis, lung disease chronic obstructive disease, asthma, diabetes, coronary heart disease, hepatitis, hypertension, stroke, etc.
Growth in healthcare infrastructure, increase in investments from government and private bodies, and rising health concerns are all expected to drive the growth of the drug discovery market. Pfizer invested approximately US$8,650 million in 2019 in R&D activities.
Growth in research and development activities to develop new drug molecules will benefit the overall drug discovery market.
The need for huge up-front investments might limit the growth of the global drug discovery market over the forecast period.
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COVID-19 Impact Analysis
The global drug discovery market has been gaining momentum during the COVID-19 pandemic period. Due to the pandemic, the demand for new drugs has intensified. People all over the world have been horrified due to the increasing prevalence of COVID-19 infection. Governments have also invested heavily to stimulate R&D activities. As a result, it has been beneficial for the global drug discovery market. Apart from this, medical equipment and pharmaceutical companies are also helping to control this health emergency. They have a strong focus on increasing R&D and manufacturing facilities and producing effective medical devices and drugs. Thus, all this has contributed significantly to the growth of the global drug discovery market.
North America is expected to hold the highest market share in the global drug discovery market, followed by Asia-Pacific. This is due to the increasing prevalence of chronic diseases, such as cancer and diabetes. A study by the International Diabetes Federation (IDF) indicates that in China, the prevalence of diabetes among adults was 10.9% in 2020, or about 116,446,900 diabetes cases. Moreover, high healthcare expenditures and favorable government policies will all contribute to the growth of the drug discovery market over the forecast period.
Merck & Co. Inc.
Agilent Technologies Inc.
Eli Lilly and company
F. Hoffmann-La Roche SA
Abbott Laboratories Inc.
Thermo Fisher Scientific Inc.
Other top players
The comprehensive analyzes of the latest trends, growth prospects and market growth drivers are offered for readers of the global market research reports. The effects of COVID-19 on the drug discovery market are also discussed in detail in the research along with the predicted compound annual growth rate (CAGR) of the market from 2022 to 2030.
The research also provides market analysis using various analytical techniques including Porter’s Five Forces analysis and PESTEL analysis. These tools provide in-depth analysis of the micro and macro environmental elements that are influencing the expansion of the market over the forecast period.
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The global drug discovery market segmentation focuses on drug, technology, end user and region.
By type of drug
?Small molecule drugs
?High throughput screening
? Combinatorial chemistry
Per end user
? Contract Research Organizations (CROs)
?Other end users
Rest of Western Europe
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Rest of Eastern Europe
Australia and New Zealand
Rest of Asia-Pacific
Middle East and Africa (MEA)
United Arab Emirates
Rest of MEA
Rest of South America
Main highlights of the study’s table of contents:
- Market overview and summary
- Market drivers
- Market share analysis
- PORTERS Analysis
- PESTEL analysis
- Value chain analysis
Why buy this report
- The report would provide an in-depth analysis of current and future market trends
- Analysis of global, regional and national markets
- Key strategic initiatives taken by key players operating in the market along with an analysis of the ranking of key players
- Analysis based on historical information as well as current trends to estimate the future of the market
- Analysis of the impact of ever-changing global market scenarios
What aspects of this report relate to the regional analysis?
“The geographical regions of the report include North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
“The report provides a comprehensive analysis of market trends, including regional usage and consumption information.
“The market reports include the growth rates of each region, including their countries, over the next few years.
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