Global Small Molecule Drug Discovery Market - Segmented by Therapeutic Area, by Process Phase, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4520212
  • Report
  • Region: Global
  • 110 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • ASTRAZENECA
  • BOEHRINGER INGELHEIM GMBH
  • BRISTOL- MYERS SQUIBB
  • GILEAD SCIENCES INC.
  • GLAXOSMITHKLINE
  • JOHNSON & JOHNSON
  • MORE
The global small molecule drug discovery market is expected to witness a CAGR of 6.8% during the forecast period (2018-2023). North America dominates the market due to a rise of chronic disease in that region.

Rise in Demand for Small Molecule Drugs

Small molecule drugs accounted for 84% of the total pharmaceutical industry revenue in 2014. In 2015, a total of 45 new molecular entities were approved in the United States, out of which 33 were small molecules. The versatility of small molecule drugs, which can range from global blockbusters to targeted therapies to orphan drugs, and their ability to be formulated into pills and tablets are driving the demand for these drugs. There has been an increase in the number of Contract Development and Manufacturing Organizations (CDMO) entering the pharmaceutical industry. CDMOs that focus on the development of small molecules are experiencing a significant growth in the industry. In 2015, the revenues of Contract Research Organizations (CROs) and CDMOs, focusing on the development of small molecules, increased by 15-20%. CROs and CDMOs play a critical role in the drug discovery process as most of the key development activities are achieved by outsourcing them to contract organizations. The resultant rise in demand for small molecule drug will drive the market in forecast years.

Additionally, the dominance of small molecules in the market, small molecules in the treatment of chronic diseases, and the high R&D expenditure on small molecule drugs are fuelling the growth of global small molecule drug discovery market.

High Drug Development Cost

On an average, the cost of drug development scales between USD 1.5-3 billion and averages around USD 2.6 billion. This high cost of drug development is a result of the high failure rate of experiments and a relatively lower efficiency figures involved in the initial phases of drug discovery. As per data reported by Centers for Medicare & Medicaid Services in December 2015, drug development cost for Medicare’s Sovaldi was around USD 3.1 billion, and for Nexium, the figure was close to USD 2.6 billion. Most of the small molecule drug discovery cost lies in the same bracket. Thus, developing such drugs always involves high costs, which cannot be borne by new entrants or small-scale laboratories, this is limiting the market scope.

Additionally, strict regulations are also restraining the growth of global small molecule drug discovery market.

Key Developments in the Market
  • December 2017: Pfizer entered into an agreement to Develop and Commercialize CRESEMBA® (isavuconazole) in China and Asia-Pacific Region.
  • December 2017: Teva Pharmaceutical launched a generic version of Viread that is used for the treatment of HIV-1 infection in adults and pediatric patients
Major Players: PFIZER INC., BRISTOL- MYERS SQUIBB, MERCK & CO., BOEHRINGER INGELHEIM GMBH, GLAXOSMITHKLINE, ASTRAZENECA, JOHNSON & JOHNSON, GILEAD SCIENCES INC., and TEVA PHARMACEUTICALS, amongst others.

Reasons to Purchase this Report
  • Current and future small molecule drug discovery market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Identifying the segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report

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FEATURED COMPANIES

  • ASTRAZENECA
  • BOEHRINGER INGELHEIM GMBH
  • BRISTOL- MYERS SQUIBB
  • GILEAD SCIENCES INC.
  • GLAXOSMITHKLINE
  • JOHNSON & JOHNSON
  • MORE
1. Introduction
1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview
5.1 Current Market Scenario
5.2 Porters Five Forces
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threats of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry within the Industry

6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
6.1 Market Driver
6.1.1 Rise in Demand for Small Molecule Drugs
6.1.2 Dominance of Small Molecules in the Market
6.1.3 Increasing Number of Contract Organizations for R&D
6.1.4 Small Molecules in Treatment of Chronic Diseases
6.1.5 High R&D Expenditure in Small Molecule Drugs
6.2 Market Restraints
6.2.1 High Drug Development Cost
6.2.2 Strict Regulations
6.3 Opportunities
6.4 Key Challenges

7. Market Segmentation
7.1 By Therapeutic Area
7.1.1 Oncology
7.1.2 Central Nervous System
7.1.3 Cardiovascular
7.1.4 Respiratory
7.1.5 Metabolic
7.1.6 Gastrointestinal
7.1.7 Orthopedics
7.1.8 Anti-Infective
7.1.9 Dermatology
7.1.10 Immunological
7.1.11 Others
7.2 By Process Phase
7.2.1 Target Id/Validation
7.2.2 Hit Generation and Selection
7.2.3 Lead Identification
7.2.4 Lead Optimization
7.3 By Geography
7.3.1 North America
7.3.1.1 United States
7.3.1.2 Canada
7.3.1.3 Mexico
7.3.2 Europe
7.3.2.1 France
7.3.2.2 Germany
7.3.2.3 United Kingdom
7.3.2.4 Italy
7.3.2.5 Spain
7.3.2.6 Rest of Europe
7.3.3 Asia-Pacific
7.3.3.1 China
7.3.3.2 Japan
7.3.3.3 India
7.3.3.4 Australia & New Zealand
7.3.3.5 South Korea
7.3.3.6 Rest of Asia-Pacific
7.3.4 Middle East & Africa
7.3.4.1 GCC
7.3.4.2 South Africa
7.3.4.3 Rest of Middle East & Africa
7.3.5 South America
7.3.5.1 Brazil
7.3.5.2 Argentina
7.3.5.3 Rest of South America

8. Competitive Landscape
8.1 Mergers and Acquisition Analysis
8.2 Agreements, Collaborations & Partnerships
8.3 New Products Launches

9. Company Profiles
9.1 Pfizer Inc
9.2 Bristol- Myers Squibb
9.3 Merck & Co.
9.4 Boehringer Ingelheim Gmbh
9.5 Glaxosmithkline
9.6 Astrazeneca
9.7 Johnson & Johnson
9.8 Gilead Sciences, Inc.
9.9 Teva Pharmaceuticals

10. Future Outlook of the Market
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  • PFIZER INC.
  • BRISTOL- MYERS SQUIBB
  • MERCK & CO.
  • BOEHRINGER INGELHEIM GMBH
  • GLAXOSMITHKLINE
  • ASTRAZENECA
  • JOHNSON & JOHNSON
  • GILEAD SCIENCES INC.
  • TEVA PHARMACEUTICALS
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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