Back To: Home

CLICK HERE FOR WHAT'S NEW IN:
 




 

Slow but steady growth in drug discovery
April 2019
SHARING OPTIONS:

DUBLIN—Research and Markets is forecasting a compound annual growth rate of approximately 8 percent for the global drug discovery market between 2018 and 2023, according to a recent report, though the market is hampered by low profit margins and strict regulatory approval processes. North America is expected to lead the market as the most lucrative region, thanks to a high concentration of pharmaceutical and biotechnology companies and a supportive regulatory environment, while Asia-Pacific is expected to see healthy growth thanks to economic growth and an increasing rate of investment from the pharmaceutical and biotechnology industries. Increasing collaboration with contract research organizations and contract development and manufacturing organizations by pharmaceutical companies is one driver for the market, as are technological advancements, rising disease prevalence and rising healthcare expenditure.

Back



PAGE UTILITIES


CONTACT US
DDNEWS
Published by Old River Publications LLC
19035 Old Detroit Road
Rocky River, OH USA 44116
Ph: 440-331-6600  |  Fax: 440-331-7563
 
© Copyright 2019 Old River Publications LLC. All righs reserved.  |  Web site managed and designed by OffWhite.