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Drug Discovery Technologies Market Soars to $79 billion by 2017, Driven by Innovations in Pipeline and Tools Development
Date:6/18/2012

FARMINGTON, Conn., June 18, 2012 /PRNewswire-iReach/ -- While the drug discovery markets have proven resilient against recession, as the worldwide economy recovers into a new period of growth there is little doubt these developments will have a positive effect on the market, and having accurate market data and analysis will be essential to companies seeking to compete against the shifting landscape. With premium market research from the world's leading publishers, Global Information, Inc. helps businesses stay on the cutting edge with the best forecasts, research, and analyses.

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Global Information is pleased to announce the immediate availability of two significant new reports on the global drug discovery markets:

Drug Discovery Technologies

The billion-dollar drug discovery industry is highly dependent on tools such as High-Throughput Screening, Bioanalytical instrument, Cell-based assays, Proteomics, Genomics, and Bioinformatics. As the global market for drug discovery technologies and products expands to $41.4 billion in 2012 and to $79.0 billion in 2017 (a CAGR of 13.8% between 2012 and 2017), the high-throughput screening market will grow along side it, from $11.5 billion in 2012 to $20.0 billion in 2017 (11.7% CAGR), as will the bioanalytical instruments market, from $10.0 billion in 2012 to $15.0 billion in 2017 (8.4% CAGR).

Drug development lead time has not followed the rapid development of these tools, showing a gap between the initial introduction of new platforms and their further application and commercial success. Because of the complexity of biological and pathological conditions, it is critical to understand the effect of a technology or platform in drug discovery application, with each category requiring individual approaches. BCC research's new "

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