Global Drug Discovery Market report, market size and forecast to 2028

1. Global Drug Discovery Market report, market size, share, trends, analysis and forecast to 2028 Stratistics MRC’s Global Drug Discovery Market value is expected to reach $84.86 billion growing at a CAGR of 10.2% during 2022-2028. Description: In the fields of medicine, biotechnology, and pharmacology, novel candidate medicines are found through the process of drug discovery. In the past, drugs were discovered by accident, as was the case with penicillin, or by identifying the active component in conventional treatments. A technique known as classical pharmacology involved screening chemical libraries of created small molecules, natural products, or extracts in whole cells or organisms to find substances that had desired therapeutic effects. Browse complete “Drug Discovery Market” report with TOC @ https://www.strategymrc.com/report/drug-discovery-market By geography, The market for drug discovery globally was dominated by North America with the largest share. In terms of global spending on research and development, the US holds the top spot. Furthermore, the majority of the recently developed new pharmaceuticals are protected by US patents. The rising frequency of chronic diseases has increased the demand for cutting-edge and novel medications, which has supported the expansion of the drug discovery market in North America. In the US, around half of the population has one or more chronic illnesses. As a result, the nation now spends a lot of money on healthcare. Additionally, the region's growing awareness of biologics is boosting the market's expansion. Some of the key players profiled in the Drug Discovery Market include Abbott Laboratories Inc., Charles River Laboratories International Inc., Astrazeneca plc, Bayer AG, Merck & Co. Inc., Eli Lilly and Company, Shimadzu Corp, F. Hoffmann-La Roche Ltd, GlaxoSmithKline PLC, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Pfizer Inc., Novartis AG, Evotec SE, Icon PLC. Request a Sample of “Drug Discovery Market” @ https://www.strategymrc.com/report/drug-discovery-market Free Customization Offerings: All the customers of this report will be entitled to receive one of the following free customization options: ● Company Profiling ● Comprehensive profiling of additional market players (up to 3)

2. ● SWOT Analysis of key players (up to 3) ● Regional Segmentation ● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check) ● Competitive Benchmarking ● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances For more information about this report visit https://www.strategymrc.com/report/drug-discovery-market Report Store: https://www.strategymrc.com/report-store Covid-19 reports: https://www.strategymrc.com/covid-19-impact-reports About Us: Stratistics MRC offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. Contact Us: Email: sales@strategymrc.com Organization: Stratistics Market Research Consulting Pvt Ltd Phone: +1-301-202-5929 Website: https://www.strategymrc.com