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Growth ahead for European drug discovery
June 2017
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DUBLIN—A new report from Research and Markets, “Europe Drug Discovery Market Forecast 2017-2024,” lays out expectations for modest growth in the market over the forecast period. The drug discovery market in Europe was valued at $9.95 billion in 2016, and is expected to reach $19.3 billion by 2024, representing a CAGR of 8.6 percent between 2016 and 2024. Research and Markets notes that aging population, an increase in healthcare spending and an uptick in lifestyle-oriented diseases and fatalities are some market drivers for this region. Some roadblocks to growth for the market are drug discovery being delayed thanks to government regulations, and the drug market's shift from branded to generic drugs. The entry of new companies and substitute products also pose a threat to the market.

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