Albany – New York, Oct. 15, 2015 (GLOBE NEWSWIRE) — According to a new market report published by Transparency Market Research “Fragment-based Drug Discovery Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”, the global fragment-based drug discovery market was valued at USD 0.4 billion in 2014 and is projected to expand at a CAGR of 14.4% from 2015 to 2023 to reach USD 1.2 billion in 2023.
Browse Market Research Report on Fragment-based Drug Discovery Market:
The assurance of logical and efficient lead innovation has fuelled interest for fragment-based drug discovery (FBDD). This enthusiasm is further complemented by a paradigm shift from conventional techniques like high-throughput screening (HTS) towards design intensive approaches, enabled by computational and structural biology. Fragment-based drug discovery utilizes comparatively small libraries of “fragments or ligands” that are of low-molecular weights. These fragments are evaluated for binding affinity, then incrementally altered into more potent molecules against the biological target(s) of interest. The major advantages of this technique that are expected to drive the popularity of FBDD among pharmaceutical companies are less cost and time process, streamlined equipment operability, and higher success rates of hits.
Get Sample Report Copy of Fragment-based Drug Discovery Market:
Major factors likely to boost the growth of the market are Simpler and less time consuming technique, streamlining and easy access to advanced biophysical techniques could drive the market in the near future. However, lower level of potency in few of the compounds derived from fragment screening and requirement of high protein and unique fragment library to conduct studies would hamper the growth of the fragment-based drug discovery market during the forecast period.
Browse Press Release of Fragment-based Drug Discovery Market:
Fragment screening services and fragment optimization collectively form the fragment-based drug discovery market. Fragment screening segment was further segmented into biophysical services and non-biophysical services. Biophysical services are further segmented into techniques such as Nuclear Magnetic Resonance (NMR) Spectroscopy, Differential scanning Fluorimetry (DSF) Assay (Thermal Shift), Fluorescence Polarization (FP), Isothermal Titration Calorimetry (ITC), X-ray Crystallography, Surface Plasmon Resonance, Biolayer Interferometry, Mass Spectrometry, Capillary Electrophoresis, and others (biochemical assays). NMR was the largest segment of the FBDD market, accounting for approximately 19.7% share in 2014. The technique is expected to maintain its leadership position during the forecast period. Advantages of NMR such as high reliability, easy operability, and wide versatility are likely to fuel the growth of the NMR segment. However, high procurement cost and availability of cheaper alternatives could hamper market growth.
Other Reports Published by Transparency Market Research:
- Digital Pathology Systems Market: http://www.transparencymarketresearch.com/digital-pathology-systems.html
- Biochip Products and Services Market: http://www.transparencymarketresearch.com/biochip-products-services.html
- Thyroid Gland Disorders Treatment Market: http://www.transparencymarketresearch.com/thyroid-gland-disorder-market.html
Demand for fragment-based drug discovery is increasing in pharmaceutical companies, CROs, and academic & research institutions as these procedures detect fragments with low affinity binding which is generally difficult to detect by most other methods. Based on end-users the FBDD market has been segmented into biopharmaceutical companies, CROs, and academic and research institutions. Among these, biopharmaceutical companies emerged as the major FBDD service user, accounting for 46.0% in 2014. Low productivity, dwindling pipeline, and rising R&D costs are inducing biopharmaceutical companies to narrow down the gaps in the current drug discovery processes, thereby boosting productivity and implementation of FBDD as drug discovery technique.
Browse Upcoming Market Research Reports:
- Endometriosis Market: http://www.transparencymarketresearch.com/endometriosis-market.html
- Advanced Parenteral Drug Delivery Devices Market: http://www.transparencymarketresearch.com/advanced-parenteral-drug-delivery-devices-market.html
Key organizations studied and profiled in this report include Astex Pharmaceuticals, Alveus Pharmaceuticals Pvt. Ltd., Beactica AB, Charles River Laboratories International, Inc., Crown Bioscience, Inc., Emerald BioStructures, Inc., Evotec AG, Kinetic Discovery Limited, Proteros Fragments GmbH, Sprint Bioscience, Structure Based Design, Inc., Sygnature Discovery. These players also collaborate with biopharmaceutical companies, and CROs through long-term agreements in order to provide fragment-based services for drug discovery. This, in turn, helps them to strengthen their market position and subsequently experience rapid growth.
The global fragment-based drug discovery market has been segmented into the following categories:
Fragment-Based Drug Discovery Market, by Services Component
- Nuclear Magnetic Resonance (NMR) Spectroscopy
- Differential scanning Fluorimetry (DSF) Assay (Thermal Shift)
- Fluorescence Polarization (FP)
- Isothermal Titration Calorimetry (ITC)
- X-ray Crystallography
- Surface Plasmon Resonance
- Biolayer Interferometry
- Mass Spectrometry
- Capillary Electrophoresis
- Others (Biochemical Assays)
Fragment-Based Drug Discovery Market, by End-user
- Biopharmaceutical Companies
- Academic and Research Institutions
Fragment-Based Drug Discovery Market, by Geography
- Rest of Europe
Asia Pacific (APAC)
- Rest of Asia Pacific
- Rest of Latin America
- Rest of the World (RoW)
Browse All Other Medical Devices Research Reports:
Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
CONTACT: Mr. Nachiket Ghumare 90 State Street, Suite 700 Albany, NY 12207 United States. Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: firstname.lastname@example.org Website: http://www.transparencymarketresearch.com Blog: http://www.tmrblog.com/