Drug discovery technology and product market to grow 13.8% to 2017
According to the report ‘Drug Discovery Technologies’ the global market for drug discovery technologies and products hit $38.4 billion in 2011. It is forecast to expand to $41.4 billion in 2012 and to $79.0 billion in 2017, a compound annual growth rate of 13.8% between 2012 and 2017. The 155 page report states that the high-throughput screening market reached $11.0 billion in 2011. It is expected to expand to $11.5 billion in 2012 and to $20.0 billion in 2017, a CAGR of 11.7%