DNA-Encoded Libraries Platforms And Services Market: Trends and Absolute Opportunity


Posted November 30, 2021 by Absolute

DNA-Encoded Libraries Platforms And Services Market: Trends and Absolute Opportunity

 
The reports on the DNA-Encoded Libraries Platforms And Services Market provide readers with a better understanding of the market and competitive landscape to support better decision-making.The market study and analysis conducted in this DNA-Encoded Libraries Platforms And Services Market report also assists to figure out types of consumers, their views about the product, their buying intentions and their ideas for advancement of a product. This market research report has been prepared by thoroughly comprehending specific requirements of the business. The DNA-Encoded Libraries Platforms And Services Market report explains a thorough study of current situation of the global market along with several market dynamics. It explains various definitions and segmentation or classifications of the industry, applications of the industry and value chain structure. So, take your business to the peak level of growth with this all-inclusive DNA-Encoded Libraries Platforms And Services market research report.
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In terms of revenue, global DNA-encoded libraries platforms and services market was valued at US$ 719.04 Mn in 2020 and is anticipated to reach US$ 4043.80 Mn by 2029 growing at a CAGR of 21.27% over the forecast period (2021 – 2029). Some of the players operating in the DNA-encoded libraries platforms and services market are Amgen Inc., X-Chem, NovAliX, BOC Sciences, SpiroChem, DyNAbind GmbH, Vipergen ApS, Novartis AG, WuXi AppTec, HitGen Inc and LGC Biosearch Technologies amongst others.

Rising prevalence of diseases and the need for faster mode of treatments is accelerating the development of pharmaceutical drugs. DNA - encoded libraries also known as DELs is a sophisticated combinatorial drug discovery tool for synthesis and screening of large collections of small molecule compounds.  The automated screening of small organic ligands using DNA- encoded chemical libraries has enabled identification of potential lead molecules. These lead molecules are selected from refining the collection of hits for further development. This technology is a prominent approach to early stage drug discovery. Traditional methods used for DNA screening are lengthy and time consuming where compounds are tested individually over months, as opposed to traditional methods DEL allows huge number of compounds to be simultaneously interrogated in less time.

It has the capacity to store billions or even trillions of compounds that can fit into a space size of an eppendorf tube. This technology prevails higher probability of finding a useful compound with good properties and a tractable route for future medical drug discoveries.  Major pharmaceutical corporations have embraced a DNA-encoded chemical library (DEL) and are using it in a variety of drug discovery projects. Due to reduced cost, time, and storage space required for the identification of target compounds, DEL is one of the most useful techniques during the early stages of drug research, thus creating huge growth opportunities for DNA-encoded libraries platforms and services market.

Global DNA-Encoded Libraries Platforms and Services Market:
By Offerings  

DEL-Driven Hit identification
Hit-to-Lead
Lead Optimization
Libraries design & production
Screening & data analysis
Others



By End-Users

Pharmaceutical Companies
Biotechs
Research Institutions
Others



By Geography

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

 
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Issued By AMI
Country United States
Categories Research
Last Updated November 30, 2021