Global Small Molecule Drug Discovery Market Forecast to 2027 - COVID-19 Impact and Analysis - ResearchAndMarkets.com

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The "Small Molecule Drug Discovery Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Therapeutic Area; Process/Phase; and Geography" report has been added to ResearchAndMarkets.com's offering.

The small molecule drug discovery market was valued at US$ 24,976.14 million in 2019 and is projected to reach US$ 50,823.06 million by 2027; it is expected to grow at a CAGR of 9.5% from 2020 to 2027.

There is increase in demand for small molecules in treatment of various chronic as well as rare diseases for which not much treatment options are available. Moreover, the increasing investments and R&D expenditures by the pharmaceutical players towards development of new targets and lead candidates for small molecules are also expected to foster the market growth. However, high cost involved in the drug discovery process expected to restrain the growth of the market during the forecast period.

Small molecules drugs are used in targeted drug delivery in which small molecules pass through the cell membrane and acts on the specific cellular organelle or protein. The small molecules drugs are able to enter cells easily because of its low molecular weight. These molecules are better than monoclonal antibodies and other large molecule drugs due to their small size, easy convertibility to oral form, and cost-effectiveness.

The global small molecule drug discovery market is segmented into therapeutic area and process/phase. Based on therapeutic area, the small molecule drug discovery market is further segmented into oncology, central nervous system, cardiovascular, respiratory, orthopedics, immunology, rare diseases, and other therapeutic areas.

The oncology segment held a largest share of the market in 2019; however, the rare diseases segment is anticipated to register a higher CAGR in the market during the forecast period. Based on process/phase, the market is subsegmented into target discovery, target validation, lead generation and refinement, and preclinical development. The lead generation and refinement segment held the largest share of the market in 2019; whereas, target discovery is estimated to register the highest CAGR during the forecast period.

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Market Dynamics

Drivers

  • Increasing Approval of Small Molecule Drugs

  • Growing Demand for R&D from Contract Organizations

  • Rising Adoption of Small Molecules in Chronic Disease Treatments

Restraints

  • High Drug Development Cost

Opportunities

  • Increasing Small Molecule-Based Pipeline

Future Trends

  • Growing Adoption of Artificial Intelligence in Drug Discovery

Companies Mentioned

  • Johnson and Johnson Services, Inc.

  • Teva Pharmaceutical Industries Ltd

  • Boehringer Ingelheim International GmbH

  • Allergan Plc.

  • Pfizer Inc.

  • Bristol-Myers Squibb Company

  • MERCK KGaA

  • GlaxoSmithKline plc.

  • AstraZeneca

  • Gilead Sciences, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/ny5r9c

View source version on businesswire.com: https://www.businesswire.com/news/home/20201006005679/en/

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