The global drug discovery market size was valued at USD 38,946.7 million in 2023 and is poised to grow at a significant CAGR of 3.2% during the forecast period 2024-2030. It also includes market size and projection estimations for each of the five major regions from 2024-2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the drug discovery market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.  
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The global drug discovery market segmentation:
1. By Drug Type: Small Molecule Drugs and Biologic Drugs.
2. By Technology: High Throughput Screening, Pharmacogenomics, Combinatorial Chemistry, Nanotechnology, and Others.
3. By End User: Pharmaceutical Companies, Contract Research Organizations, and Others
The primary factors of the drug discovery market drivers are the increasing r&d expenditure and investment in the development of novel drug molecules. The drug discovery market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The drug discovery market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the drug discovery market report, accounting for the highest share in 2023. It was followed by Asia Pacific, and then the other regions.

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The important profiles and strategies adopted by drug discovery market key players are Pfizer Inc. GlaxoSmithKline PLC Merck and Co. Inc. Agilent Technologies Inc. Eli Lilly and Company Hoffmann-La Roche Ltd Bayer AG Abbott Laboratories Inc. Shimadzu Corp AstraZeneca Sanofi Polpharma Biologics Group Novartis AG Takeda Pharmaceutical Company Limited. Teva Pharmaceutical Industries Ltd.
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