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How has the drug discovery technologies market size evolved in recent years?

In the past few years, the market size for drug discovery technologies has seen a swift expansion. It is predicted to increase from $72.99 billion in 2024 to $80.98 billion in 2025, with a compound annual growth rate (CAGR) of 11.0%. The period of growth during the past was driven by factors such as advancements in genomic and proteomic research, better comprehension of molecular biology, the spread of combinatorial chemistry, the implementation of bioinformatics and computational methodologies, and the rise of targeted therapies.

What are the predictions for the drug discovery technologies market size in the coming years?

Anticipated to experience a substantial upswing in the upcoming years, the drug discovery technologies market is projected to reach a value of $125.9 billion in 2029, with a compound annual growth rate (CAGR) of 11.7%. This forecasted progression can be linked to the adoption of CRISPR for gene editing, precision medicine expansion, the use of omics technologies for drug creation, the application of quantum computing in drug discovery, and the rising utilization of patient-derived xenograft (PDX) models. Key trends for the predicted period encompass improvements in high-throughput screening, the emergence of automated lab equipment, collaborations between academia and industrial research entities, technological enhancements in imaging and microscopy, the incorporation of artificial intelligence into drug discovery, 3D cell culture tech, the application of machine learning methods in drug design, alliances between pharmaceutical firms and tech startups, and the use of blockchain for securing data.

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What key factors are fueling the growth of the drug discovery technologies market?

The growth of the drug discovery technologies market is projected to be fuelled by the increasing incidence of acute and chronic illnesses. Chronic diseases, which last for a year or more and necessitate continuous medical care, have seen breakthrough treatments thanks to advancements in drug discovery technologies and drug development. The utilization of potent, modern technologies like digital health tools, AI, and machine learning in the drug R&D process helps overcome significant bottlenecks and makes the conduct of clinical trials for common chronic illnesses more efficient. For example, The United Nations (UN), a US-based global organization that fosters international cooperation and safeguards international peace and order, reported in May 2023 that seven out of every ten deaths in the US were due to chronic diseases, resulting in over 1.7 million American fatalities annually. Consequently, the escalating occurrence of acute and chronic illnesses is anticipated to propel the drug discovery technologies market.

How is the global drug discovery technologies market divided into key segments?

The drug discovery technologies market covered in this report is segmented –

1) By Technology: High Throughput Screening, Genomics, Nanotechnology, Bioinformatics, Combinational Chemistry, Pharmacogenomics, Biochips, Bioanalytical Instruments, Ribonucleic Acid Interface (RNAI)

2) By Drug Type: Small Molecule Drugs, Biologic Drugs

3) By Disease Application: Cancer Diseases, Immunological Diseases, Neurological Diseases, Cardiovascular Diseases, Other Disease Applications

4) By End-User: Pharmaceutical Companies, Biopharmaceutical Companies, Biotechnology Companies, Research Institutes, Other End-Users

Subsegments:

1) By High Throughput Screening: Automated Screening Systems, Assay Development

2) By Genomics: DNA Sequencing, Genomic Data Analysis

3) By Nanotechnology: Nanoparticle-Based Drug Delivery, Nanomaterials For Drug Formulation

4) By Bioinformatics: Data Analysis Tools, Computational Biology Software

5) By Combinational Chemistry: Library Synthesis Techniques, Screening Methods

6) By Pharmacogenomics: Genetic Testing Platforms, Personalized Medicine Applications

7) By Biochips: Microarrays, Lab-On-A-Chip Technologies

8) By Bioanalytical Instruments: Mass Spectrometry, Chromatography Systems

9) By Ribonucleic Acid Interface (RNAI): RNA Interference Technologies, Therapeutic RNA Applications

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Who are the key firms paving the way for growth in the drug discovery technologies market?

Major companies operating in the drug discovery technologies market include F. Hoffmann-La Roche AG, Novartis AG, Thermo Fisher Scientific Inc., AstraZeneca plc., Merck KGaA, GE HealthCare Technologies Inc., Agilent Technologies Inc., Dassault Systemes SA, Charles River Laboratories International Inc., Bio-Rad Laboratories Inc., Evotec SE, Curia Global Inc., Aragen Life Sciences Private Limited, Luminex Corporation, BioXcel Therapeutics Inc., Certara Inc., Schrödinger Inc., Sygnature Discovery Ltd., Recursion Pharmaceuticals Inc., InSilico Medicine Inc., ChemAxon Ltd., Enamine Ltd., BenevolentAI Limited, OpenEye Scientific Software Inc., Collaborative Drug Discovery Inc., Pharmacelera S.L., Gyros Protein Technologies AB, Optibrium Ltd., Cresset Group, Relay Therapeutics Inc.

Which trends are expected to transform the drug discovery technologies market?

The advent of cutting-edge technologies serves as a prominent growth trend in the drug discovery technologies market. Leading businesses in this sector are unveiling these innovative solutions to maintain their market standing. For instance, Google LLC, a technology firm based in the US, introduced the Target and Lead Identification Suite in May 2023, a tool employing AI to fast-track drug discovery. It has been designed to aid companies in predicting and understanding protein structure, an essential factor in drug research. This Suite will help researchers in managing, analyzing, exchanging, and absorbing substantial quantities of genetic information. These new suites will enable companies to save a significant amount of time and money during the drug production process, thereby helping to address a chronic issue in the biopharmaceutical industry.

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What regions are contributing significantly to the growth of the drug discovery technologies market?

North America was the largest region in the drug discovery technologies market in 2024. The regions covered in the drug discovery technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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