Tag Archives: Fragment-based Drug Discovery Market

Fragment-based Drug Discovery Market is likely to witness a growth at a steady CAGR of 14.4% till 2023

The fragment-based drug discovery market is likely to witness a growth at a steady CAGR of 14.4% from 2015 to 2023 in terms of revenue. The rise in CAGR of fragment-based drug discovery can be credited to the factors such as efficiency, moderate controlling property, and it’s highly competitive nature in the market. The revenue was expected to grow worth US$435.6 mn at the end of 2016, and by the end of 2023, the market is evaluated to reach US$1.15 bn. Based on geographical regions, North American region is dominating the other ones. The market evaluation of the region is anticipated to be around 45.4% of the entire market, by the end of 2023. Even though the statistics are likely to drop as compared to those in 2014, but still the region is expected to dominate without any competition or external obstruction.

Fragment-based Drug Discovery Market – Global Industry Volume and Region Analysis – 2023

Fragment-based Drug Discovery Market: Snapshot

The introduction of new techniques into the existing fragment-based drug discovery practices have created significant reductions in time and cost, driving the demand for such practices. Combinational chemistry and high-throughput screening are some of the more recently introduced practices that have helped make fragment-based drug discovery programs a lot faster and cheaper than before.

Additionally, as the usage of fragment-based drug discovery grows in the field of discovering weaker inhibitors, biophysical techniques become extremely useful. These techniques can be used to measure binding within fragment compounds that possess low affinity for binding.

Competitive Landscape for Worldwide Fragment-based Drug Discovery Market by Segments – 2023

38.4% of the global fragment-based drug discovery market was collectively held by its top three players in 2014. Astex Pharmaceuticals, Charles River Laboratories International, Inc., and Sygnature Discovery were the key contributors to the market revenue at the time and are expected to retain their lead in the near future. A new research report released by Transparency Market Research states that with 52.3% of the global fragment-based drug discovery market occupied by regional players, this highly fragmented market is dominated by local market companies that offer cheaper services.

Fragment-based Drug Discovery Market – Global Industry Analysis and Forecast 2015 – 2023

Fragment-based Drug Discovery Market: Snapshot

The introduction of new techniques into the existing fragment-based drug discovery practices have created significant reductions in time and cost, driving the demand for such practices. Combinational chemistry and high-throughput screening are some of the more recently introduced practices that have helped make fragment-based drug discovery programs a lot faster and cheaper than before.

Additionally, as the usage of fragment-based drug discovery grows in the field of discovering weaker inhibitors, biophysical techniques become extremely useful. These techniques can be used to measure binding within fragment compounds that possess low affinity for binding.

Demand of Fragment-based Drug Discovery Market in Global Industry : Overview, Size, Share, Trends, Analysis and Research 2017

ResearchMoz presents professional and in-depth study of “Fragment-based Drug Discovery Market (Service Component: Fragment screening and Fragment Optimization; End-user: Biopharmaceutical Companies, CROs and, Academic and Research Institutions) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”.

The increasing search for new drugs to treat complicated medical problems has led to a surge in the global fragment-based drug discovery market. Furthermore, the growth of the global fragment-based drug discovery market has also led to dominance of biopharmaceutical companies, as the market requires a system for identification of lead compounds in the process of drug discovery.

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