Global Drug Discovery Technologies Market Projected to touch $118 billion by 2020
Industry Experts has today unveiled the new market research report on Drug Discovery Technologies. As per this new global report ´ Drug Discovery Technologies – A Global Market Overview ´, it is expected that the Genomics will be the fastest growing technologies against all other technologies available in the market with a projected CAGR of about 18% during the period 2010-2020 while High Throughput Screening remains the largest market throughout the analysis period. The development of new drugs for treating difficult diseases, such as cancer requires extensive expenditure, in addition to consuming a lot of time. The first step in designing a new drug involves the utilizing high-throughput screening of large chemical libraries for identifying compounds that can provide the requisite therapeutic effect. The capability of visualizing biological activity at the cellular level has constituted a strategic component in drug discovery, and adding automation and high-volume screening methods h