Product Code: CMI5214
Global small molecule drug discovery market is estimated to be valued at USD 56.10 Bn in 2024 and is expected to reach USD 100.01 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 56.10 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
8.60% |
2031 Value Projection: |
US$ 100.01 Bn |
Figure. Small Molecule Drug Discovery Market Share (%), By Region 2024
Small molecule drugs have advantages over large molecule drugs such as higher oral bioavailability and better tissue penetration. These can be administered via various routes including oral, intravenous and others. Growing investment in R&D activities by pharmaceutical and biotech companies coupled with rising demand for generics can drive the market growth. However, high attrition rates during clinical trials can hamper the market growth. Several startups also leverage technologies such as artificial intelligence and machine learning to enhance the drug discovery process and reduce failure rates.
Market Dynamics:
Global small molecule drug discovery market growth is driven by rising pharmaceutical R&D spending, increasing demand for generic drugs, and growth of contract research and manufacturing services industries. However, high clinical failure rates of drug candidates and stringent regulations can hamper the market growth. Growing application of AI and machine learning in drug development offers new opportunities for the market players. Pharma companies are increasingly adopting such technologies to speed up the discovery process and optimize molecular designs. This can lower attrition rates. North America dominates the market currently, owing to presence of major players and high healthcare expenditure. Asia Pacific is anticipated to emerge as the fastest growing market in the near future.
Key features of the study:
This report provides in-depth analysis of the global small molecule drug discovery market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global small molecule drug discovery market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Pfizer, Bristol-Myers Squibb Company, Merck, Agilent Technologies, AstraZeneca, Boehringer Ingelheim, Charles River Laboratories
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global small molecule drug discovery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global small molecule drug discovery market
Detailed Segmentation-
- Therapeutic Area Insights (Revenue, USD, 2019 - 2031)
- Oncology
- Central Nervous System
- Cardiovascular
- Respiratory
- Metabolic Disorders
- Gastrointestinal
- Others
- Process Insights (Revenue, USD, 2019 - 2031)
- Target ID/Validation
- Hit Generation and Selection
- Lead Identification
- Lead Optimization
- End User Insights (Revenue, USD, 2019 - 2031)
- Pharmaceutical Companies
- Biotechnology Companies
- Contract Research Organizations (CROs)
- Academic and Research Institutes
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Pfizer Inc.
- Merck & Co., Inc.
- Novartis AG
- Johnson & Johnson
- AstraZeneca PLC
- GlaxoSmithKline plc
- Bristol Myers Squibb
- Eli Lilly and Company
- Gilead Sciences, Inc.
- Teva Pharmaceuticals
- Boehringer Ingelheim GmbH
- Thermo Fisher Scientific Inc.
- Charles River Laboratories
- Labcorp Drug Development
- Agilent Technologies Inc.
- ICON Plc
- Eurofins Discovery
- Immunocure Inc.
- Acacia Pharma Group
- 4SC AG
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Small Molecule Drug Discovery Market, By Therapeutic Area
- Global Small Molecule Drug Discovery Market, By Process
- Global Small Molecule Drug Discovery Market, By End User
- Global Small Molecule Drug Discovery Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Small Molecule Drug Discovery Market, By Therapeutic Area, 2019-2031, (USD)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Oncology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Central Nervous System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Cardiovascular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Respiratory
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Metabolic Disorders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Gastrointestinal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
5. Global Small Molecule Drug Discovery Market, By Process, 2019-2031, (USD)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Target ID/Validation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Hit Generation and Selection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Lead Identification
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Lead Optimization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
6. Global Small Molecule Drug Discovery Market, By End User, 2019-2031, (USD)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Pharmaceutical Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Biotechnology Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Contract Research Organizations (CROs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Academic and Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
7. Global Small Molecule Drug Discovery Market, By Region, 2019 - 2031, (USD)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, (USD)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, (USD)
- Regional Trends
- Introduction
- Market Size and Forecast, By Therapeutic Area, 2019 - 2031, (USD)
- Market Size and Forecast, By Process, 2019 - 2031, (USD)
- Market Size and Forecast, By End User, 2019 - 2031, (USD)
- Market Size and Forecast, By Country, 2019 - 2031, (USD)
- Latin America
- Introduction
- Market Size and Forecast, By Therapeutic Area, 2019 - 2031, (USD)
- Market Size and Forecast, By Process, 2019 - 2031, (USD)
- Market Size and Forecast, By End User, 2019 - 2031, (USD)
- Market Size and Forecast, By Country, 2019 - 2031, (USD)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Therapeutic Area, 2019 - 2031, (USD)
- Market Size and Forecast, By Process, 2019 - 2031, (USD)
- Market Size and Forecast, By End User, 2019 - 2031, (USD)
- Market Size and Forecast, By Country, 2019 - 2031, (USD)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Therapeutic Area, 2019 - 2031, (USD)
- Market Size and Forecast, By Process, 2019 - 2031, (USD)
- Market Size and Forecast, By End User, 2019 - 2031, (USD)
- Market Size and Forecast, By Country, 2019 - 2031, (USD)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Therapeutic Area, 2019 - 2031, (USD)
- Market Size and Forecast, By Process, 2019 - 2031, (USD)
- Market Size and Forecast, By End User, 2019 - 2031, (USD)
- Market Size and Forecast, By Country, 2019 - 2031, (USD)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Therapeutic Area, 2019 - 2031, (USD)
- Market Size and Forecast, By Process, 2019 - 2031, (USD)
- Market Size and Forecast, By End User, 2019 - 2031, (USD)
- Market Size and Forecast, By Country/Sub-region, 2019 - 2031, (USD)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Pfizer Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Merck & Co., Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Novartis AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Johnson & Johnson
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- AstraZeneca PLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- GlaxoSmithKline plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bristol Myers Squibb
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Eli Lilly and Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Gilead Sciences, Inc.
- Teva Pharmaceuticals
- Boehringer Ingelheim GmbH
- Thermo Fisher Scientific Inc.
- Charles River Laboratories
- Labcorp Drug Development
- Agilent Technologies Inc.
- ICON Plc
- Eurofins Discovery
- Immunocure Inc.
- Acacia Pharma Group
- 4SC AG
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us