Latest industry research report on Drug Discovery Technologies Market. Drug discovery is the process by which new medications are discovered. It uses vast array of technologies in the process. Drug discovery technologies are used for the research and the launch of new drugs.
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The increasing incidences of diseases, patent expiries, pathogen resistance to old drugs and fierce competition among drug manufacturers are the key factors, which would drive the growth of drug discovery technologies market during the analysis period.
Furthermore, in order to earn additional margins, the pharmaceutical companies are in pursuit of blockbuster drugs, which have increased the demand for drug discovery technologies. Factors restraining the market growth are long duration of drug discovery process, high initial setup cost and presence of stringent regulatory environment.
For instance, in 2015, Myriad Genetics collaborated with Abbott Laboratories. The companies profiled in this report are Abbott Laboratories, Albany Molecular Research, Arqule, Bio-Rad Laboratories, Caliper Life Sciences, Celera Corp, Charles River Laboratories International, Evotec Ag, Gyros AbIncyte Corp and Thermo Fisher Scientific Inc.
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The global drug discovery technologies market is segmented as below:
Global Drug Discovery Technologies Market By Technology Type
- High throughput screening
- Bioanalytical instruments
- Others (RNAi, combinatorial chemistry)
Global Drug Discovery Technologies Market By End User
- Pharmaceutical companies
- Biopharmaceutical companies
- Biotech companies
- Research institutes
Global Drug Discovery Technologies Market By Geography
- North America