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Global “Small Molecule Drug Discovery Market 2019-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Small Molecule Drug Discovery market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Reportspecifies the complete estimate of Global Small Molecule Drug Discovery market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
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Overview of Small Molecule Drug Discovery Market:
The global small molecule drug discovery market is expected to witness a CAGR of 6.8% during the forecast period (2018-2023). North America dominates the market due to a rise of chronic disease in that region.Rise in Demand for Small Molecule DrugsSmall molecule drugs accounted for 84% of the total pharmaceutical industry revenue in 2014. In 2015, a total of 45 new molecular entities were approved in the United States, out of which 33 were small molecules. The versatility of small molecule drugs, which can range from global blockbusters to targeted therapies to orphan drugs, and their ability to be formulated into pills and tablets are driving the demand for these drugs. There has been an increase in the number of Contract Development and Manufacturing Organizations (CDMO) entering the pharmaceutical industry. CDMOs that focus on the development of small molecules are experiencing a significant growth in the industry. In 2015, the revenues of Contract Research Organizations (CROs) and CDMOs, focusing on the development of small molecules, increased by 15-20%. CROs and CDMOs play a critical role in the drug discovery process as most of the key development activities are achieved by outsourcing them to contract organizations. The resultant rise in demand for small molecule drug will drive the market in forecast years.Additionally, the dominance of small molecules in the market, small molecules in the treatment of chronic diseases, and the high RandD expenditure on small molecule drugs are fuelling the growth of global small molecule drug discovery market.High Drug Development CostOn an average, the cost of drug development scales between USD 1.5-3 billion and averages around USD 2.6 billion. This high cost of drug development is a result of the high failure rate of experiments and a relatively lower efficiency figures involved in the initial phases of drug discovery. As per data reported by Centers for Medicare and Medicaid Services in December 2015, drug development cost for Medicare’s Sovaldi was around USD 3.1 billion, and for Nexium, the figure was close to USD 2.6 billion. Most of the small molecule drug discovery cost lies in the same bracket. Thus, developing such drugs always involves high costs, which cannot be borne by new entrants or small-scale laboratories, this is limiting the market scope.Additionally, strict regulations are also restraining the growth of global small molecule drug discovery market.North America is dominating the marketThe North America market occupies the largest share of the global market owing to its high investments in drug discovery activities. Some estimates indicate that 64% of all research on new drugs approved in the last ten years was done in the United States. This shows that the United States is focusing on RandD activities to meet the increasing demands of its citizens, ultimately leading the market of North America.
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Key Highlights from Small Molecule Drug Discovery Market Report 2019.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Small Molecule Drug Discovery industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Small Molecule Drug Discovery Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand and Supply and Effectiveness — Small Molecule Drug Discovery Market report additionally provides distribution, Production, Consumption for the complete industry.
Small Molecule Drug Discovery MarketTop Regions(regional analysis covers):-
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Small Molecule Drug Discovery Market 2019 Report Brief:-
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