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

Drug Discovery & Development Sector: Latest Market Trends and Statistics

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

Topics under Drug Discovery and Development

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 »

You might be interested in these related markets:

Customer Support

Talk to Sam

+1 646 893 5945

9 Reports
Forecast, Company, Demand
40 Statistics
Market Size, Company, Finance
130 Reports
Company Financials, Product Initiative, Company
82 Statistics
Company, Finance, Company Financials
4 Reports
Product Initiative, Regulation, Forecast
26 Statistics
Finance, Company Financials, Company
10 Reports
Market Size, Product Initiative, Demand
14 Statistics
Market Size, Demand, Company
3 Reports
Supply, Regulation, Company
11 Statistics
Company, Finance, Company Financials
15 Reports
Company, Product Initiative, Company Financials
10 Statistics
Company, Market Size, Finance
20 Reports
Company Financials, Product Initiative, Demand
69 Statistics
Company, Demand, Company Financials
5 Reports
Product Initiative
8 Statistics
Market Size, Demand, Supply
5 Reports
Company, Product Initiative, Company Operations
7 Statistics
Company, Finance, Company Financials
Search in Drug Discovery And Development Industry (About 500 reports)
Parent industry: Pharmaceutical
Related industries: Drug Delivery, Generic Drug, OTC, Prescription Drug, Therapy

About 5000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 500 - $ 19129)

Contract Research Organization Services Market by Type, Therapeutic Area, End User - Global Forecast to 2023

Contract Research Organization Services Market: Global Forecast until 2023

  • $ 5650
  • Industry report
  • February 2018
  • by MarketsandMarkets

The Contract Research Organization (CRO) services market is projected to grow at a CAGR of 7.6% between 2018 and 2023.The CRO services market is expected to reach USD 56.34 billion by 2023 from USD 39.13 ...

Humanized Mouse and Rat Model Market: Global Forecast u ... $ 5650 March 2018

Drug Discovery Services Market: Forecast until 2022 $ 5650 October 2017

eClinical Solutions Market: Global Forecast until 2022 $ 5650 April 2017

Clinical Trial Management System Market: Global Forecas ... $ 5649 January 2018

Protein Expression Market: Global Forecast until 2022 $ 5650 July 2017

Clinical Trial Supplies Sector: Worldwide Forecast unti ... $ 2500 February 2018

Clinical Research in Post-Operative Pain in H1, 2018 $ 2500 May 2018

Clinical Research in Portal Hypertension in H1, 2018 $ 2500 May 2018

Clinical Research in Pompe Disease in H1, 2018 $ 2500 May 2018

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

Make sure you don’t miss any news and follow us on