Drug Development Market Forecast to 2028 - COVID-19 Impact and Global Analysis byDrug Type (Small Molecule Drugs, and Biologic Drugs); Technology (High Throughput Screening, Pharmacogenomics, Combinatorial Chemistry, Nanotechnology, and Other Technologies); End Use (Pharmaceutical Companies, Contract Research Organizations (CROs), and Other End Users), and Geography
Drug development is a process, which focuses on identifying a compound therapeutically helpful in treating and curing diseases. Typically, a drug development effort addresses a biological target that has been shown to play a role in developing the disease or starts from a molecule with interesting biological activities. In the recent past, drug development has evolved significantly with emerging technologies, helping the process to become more refined, accurate, and less time-consuming.
The "Global Drug Development Market Analysis to 2028" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Drug development market with detailed market segmentation by type, technology, end use, and geography. The report provides key statistics on the market status of the leading Drug development market players and offers key trends and opportunities in the market.
Based on type, the global Drug development market is segmented into small molecule drugs and biologic drugs.
On the basis of technology, the market is segmented into high throughput screening, pharmacogenomics, combinatorial chemistry, nanotechnology, and other technologies.
On the basis of end use, the market is segmented into pharmaceutical companies, contract research organizations (cros), other end users.
MARKET DYNAMICS Drivers:
Rise in the incidences of several chronic diseases.
Increasing R&D expenditure.
Increasing investment for development of novel drug molecules.
The stringent regulation and high capital investment are the major restraining factor for this market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Drug development market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Drug development market in these regions.
IMPACT OF COVID-19ON DRUG DEVELOPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the Drug development market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Drug development market are anticipated to lucrative growth opportunities in the future with the rising demand for Drug development in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Drug development market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Abbott Laboratories Inc.
Agilent Technologies Inc.
Bristol-Myers Squibb Company
Collaborative Drug Development Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Genome Biologics
2. Abbott Laboratories Inc.
3. Agilent Technologies Inc.
4. AstraZeneca PLC
5. AVIVA Biosciences
6. Bayer AG
7. Biotica Pharma.
8. Bristol-Myers Squibb Company
9. Collaborative Drug Discovery Inc.
10. DeepBiome Therapeutics
11. Eli Lilly and Company
12. F. Hoffmann-La Roche Ltd
13. Gilead Sciences Inc.
14. GlaxoSmithKline PLC
15. Merck & Co. Inc.
17. Pfizer Inc.
18. Shimadzu Corp.
19. Takeda Pharmaceuticals
20. Teva Pharmaceuticals