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Small Molecule Drug Discovery Market Size Estimated to Flourish at USD 50,823.06 million by 2027

Selbyville, Delaware Market Study Report LLC recently added a new title on 2020-2027 Global Small Molecule Drug Discovery Market Report from its database. The report provides study with in-depth overview, describing about the Product, market size, share, Industry Scope and elaborates market outlook and status to 2027.

Growing demand for small molecule drugs for treating numerous rare and chronic conditions is a major factor driving the market growth. Surging investments towards R&D activities among pharmaceutical companies in order to develop lead candidates and new targets for small molecules is further aiding the market expansion. However, high costs associated with drug discovery activities may act as a restraining factor to the overall growth of small molecule drug discovery industry.

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As per therapeutic area, the report divides the market into rare diseases, immunology, orthopedics, respiratory, cardiovascular, central nervous system, oncology, and others. Oncology segment accounted for a substantial share in the year 2019, while the rare disease segment is expected to register significant growth during the forecast period.

Small molecule drugs are utilized in targeted drug delivery procedures in which they pass through the cell membrane and act on the specific protein or cellular organelle. Since they have low molecular weight, they can easily enter cells. Moreover, these molecules are affordable, easy convertibility, and compact in size as compared to other large molecule drugs.

In terms of process/phase, small molecule drug discovery industry is split into preclinical development, lead generation & refinement, target validation, and target discovery. Although the lead generation & refinement segment held a majority share in 2019, target discovery segment is reckoned to witness a strong growth rate over 2026.

Allergan Plc., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Ltd., Gilead Sciences Inc., Johnson & Johnson Services Inc., AstraZeneca Plc., GlaxoSmithKline Plc., Merck KGaA, Bristol-Myers Squibb Co. and Pfizer Inc. are the major contenders in global small molecule drug discovery industry.

Question & Answer: Small Molecule Drug Discovery Market

Question 1: Why is small molecule drug discovery industry witnessing continuous expansion?

Answer: Growing demand for small molecule drugs for treating numerous rare and chronic conditions coupled with surging investments towards R&D activities among pharmaceutical companies are major factors driving the market growth.

Question 2: What factors may inhibit the expansion of small molecule drug discovery industry?

Answer: High costs associated with drug discovery activities may act as a restraining factor to the overall growth of small molecule drug discovery industry.

Question 3: How is the competitive landscape of global small molecule drug discovery industry defined?

Answer: Allergan Plc., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Ltd., Gilead Sciences Inc., Johnson & Johnson Services Inc., AstraZeneca Plc., GlaxoSmithKline Plc., Merck KGaA, Bristol-Myers Squibb Co. and Pfizer Inc. are the major contenders in global small molecule drug discovery industry.

Complete Report At: https://www.marketstudyreport.com/reports/small-molecule-drug-discovery-market-forecast-to-2027?utm_source=Marketwatch.com&utm_medium=AN

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