1. Market Research
  2. > Pharmaceutical Market Trends
  3. > Drug Discovery and Development

Medicine research and development industry reports and statistics

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
13 votes

Global Drug Discovery and Development Industry

The global drug discovery and development industry (part of the wider pharmaceutical industry) involves the discovery and design of drugs through laboratory testing to treat disease and infection. With costs running high and few drugs making it to the market, drug discovery and development leaders are constantly seeking ways to reduce expenditure and boost efficiency.

One option companies frequently avail of is the practice of outsourcing sections of the discovery and development process. The global drug discovery outsourcing market is expected to grow from less than $7.5 billion in 2009 to a forecast worth of $18.5 billion in 2015, according to Business Insights. Meanwhile, the global drug discovery technologies market is expected to be worth more than $32 billion by 2012, growing at an annual compound rate in excess of 8%.

The industry requires heavy investment with no guarantee of results, including under 1% of discoveries going on to be approved by the US Food and Drug Administration. The process itself can take between 12 and 20 years, and cost over the $1.2 billion mark, reports the Alfred Mann Foundation for Biomedical Engineering.

Leading Market Segments

It is estimated that high throughput screening will be worth $12 billion by 2012, showing over 7% growth in the preceding five years.

Bioanalytical instruments have a forecast worth of $10.5 billion in 2012, demonstrating growth in excess of 9%. It is believed the segment of other technologies should come close to the $4.5 billion mark in 2012. Business Insights estimates the electronic data capture market for clinical trials will pass the $1 billion mark in 2016 at 13% annual growth.

Process: Drug Testing and Development

The steps involved in drug discovery begin with the identification of targets, which are genetic or cellular chemicals that influence disease. Once the target has been isolated, the compounds that may work best on them can in turn be determined. Next, the chosen target’s capacity to act on diseased cells is observed before compounds necessary to create a drug are determined, along with the drug target’s response to the compound. In the next phase compounds are compared and data is compiled to aid biopharmaceutical companies to determine the most promising compound for drug creation.

Once a drug has been designed, it enters the preclinical phase of development in which it is tested for up to five years to establish its impact on cells. The drug also undergoes toxicology testing to determine any possible harm to humans. In the clinical phase, drugs are administered to humans to test efficacy and potential side effects before companies seek authorization to market the new drug. Research compiled throughout the process is submitted to the relevant authority as the company awaits approval; this part of the process can last up to two years.

Contract Research Organization (CRO) Market Value (2005 - 2010) 

Read more »

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 200 reports

Global Drug Discovery And Development Industry

  • January 2015
    28 pages
  • Clinical Trial  

    Drug Developmen  

    Clinical Resear  

  • United States  


View report >

Drug Discovery And Development Industry in the US Forecast

  • September 2015
    9 pages
  • Drug Discovery  

  • United States  

View report >

Drug Discovery And Development Industry in Europe Forecast

  • December 2015
    5 pages
  • Drug Discovery  

  • Europe  


View report >

Drug Development Industry in the UK

  • November 2015
    6 pages
  • Drug Developmen  

View report >

Drug Discovery And Development Industry in New Zealand

  • January 2013
    13 pages
  • Drug Developmen  

    Drug Discovery  

    Clinical Resear  

  • New Zealand  

View report >

Protein Industry in the Netherlands

  • January 2016
    2 pages
  • Drug Design  


    X ray  

  • Netherlands  

View report >

Global Clinical Trial Supply Forecast

  • November 2015
    9 pages
  • Clinical Trial  

  • World  


    Czech Republic  

View report >

Search in Drug Discovery And Development Industry (About 200 reports)
Parent industry: Pharmaceutical
Related industries: Drug Delivery Technology, Drug and Medication, Generic Drug, Over-The-Counter Drug, Pharmacies and Drug Stores, Prescription Drug, Pathology, Therapy, Vitamin and Supplement

About 2 000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 15 000)

Drug Discovery Outsourcing Global Market  – Forecast To 2022

Drug Discovery Outsourcing Global Market – Forecast To 2022

  • $ 15 000
  • Industry report
  • January 2016
  • by IQ4I Research & Consultancy Pvt. Ltd

Over the last two decades, the Pharmaceutical/Biotech industry has undergone radical changes. The unprecedented downsizing of the internal discovery of big pharmaceuticals, patent expiration, shift towards ...

Pharmacovigilance Market: Global Industry Analysis And ...

December 2015 $ 7 500

Analysis Of The Global Mass Spectrometry Market 

January 2016 $ 6 000

Global Clinical Trial Support Services Market – 2015- ...

November 2015 $ 5 000

Breast Cancer Therapeutics In Major Developed Markets T ...

December 2015 $ 4 995

Pancreatic Cancer Therapeutics In Major Developed Marke ...

December 2015 $ 4 995

Global Immunology Market To 2022 - Large Pipeline And C ...

December 2015 $ 4 995

Copd Therapeutics In Major Developed Markets To 2021 - ...

November 2015 $ 4 995

Evolving Technology Platforms In Pharma-biotech

November 2015 $ 4 950

Eclinical Solutions Market By Product, Delivery Mode, C ...

February 2016 $ 4 650

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.