Small molecule drug discovery involves the identification and development of small molecules as therapeutic agents to treat various diseases. These molecules have low molecular weight and can enter cells easily, making them effective in targeting intracellular proteins and enzymes. The small molecule drug discovery market includes various technologies and services used for drug design and development, such as high-throughput screening, computer-aided drug design, and fragment-based drug discovery.
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The small molecule drug discovery market’s growth is primarily driven by the increasing prevalence of various diseases, including cancer, infectious diseases, and neurological disorders. The advancements in drug designing technologies and the availability of high-throughput screening platforms are also driving the market’s growth. Additionally, the growing demand for personalized medicine and the increasing investments in drug discovery research and development are further fueling market growth.
The high cost and time-consuming nature of small molecule drug discovery and the increasing competition from biologics and biosimilars are significant restraints for the market’s growth. Additionally, the regulatory hurdles and the limited success rates of drug candidates in clinical trials can also hinder market growth.
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The Global Small Molecule Drug Discovery Market was valued at USD 17.2 billion in 2021 and is projected to reach USD 23.3 billion by 2030, growing at a CAGR of 3.8% from 2022 to 2030.
Key Players Influencing the Small Molecule Drug Discovery Market:
AbbVie Inc., Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, Charles River Laboratories, Eli Lilly and Company, Gilead Sciences, Inc., GlaxoSmithKline plc, Johnson and Johnson Services, Inc., Labcorp Drug Development, Merck KGaA, Pfizer Inc., Teva Pharmaceutical Industries Ltd., Other Market Participants.
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Our 420+ Pages Report titled, Small Molecule Drug Discovery Market will include extensive information on the following pointers:
- Global market size and forecast values (2015 – 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
- Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
- Years Considered (2015 – 2030)
- (Historic Years: 2015 – 2020
- Base Year: 2021
- Forecast Years: 2022 – 2030)
- Market determinants and Influencing Factors
- Market Dynamics (Drivers, Restraints, Opportunities and Trends)
- Analysis on Impact of Covid-19 on Global Small Molecule Drug Discovery Market
- Macro-Economic and Micro-Economic Indicators
- Porter’s Five Forces Analysis
- Regulatory Landscape
- PESTEL Analysis
- Competitive Benchmarking: Global Presence and Growth Strategies
- (Mergers and Acquisitions
- Product Launches
- Investments Trends
- R&D Initiatives)
- Market Share Analysis, 2021
- Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
- Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
- The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.
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Small Molecule Drug Discovery Market Segmentation:
- Target Validation and Identification
- Hit and lead generation
- Lead optimization and Profiling
- Clinical Trials
By Therapeutic Indication
- Mental Disorder
- Central nervous system (CNS) disorders
By End Users
- Pharmaceutical Companies
- Research Labs and Centers
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