DNA encoded libraries (DELs) comprise a robust and rapidly advancing technique that leverages the power of synthetic DNA to enable efficient screening of vast compound libraries for potential drug candidates. DELs involve encoding vast collections of small molecules, peptides or other compounds with short DNA tags, allowing researchers to easily screen billions of potential drug molecules in parallel. DNA encoding provides an efficient way to miniaturize molecule screening and connect structure to function.
The Global DNA Encoded Library Market is estimated to be valued at US$ 0.8 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Global DNA Encoded Library market are BOC Sciences, DyNAbind, Edelris, GenScript and HitGen.
The growing demand for novel drug discovery technologies and rising funding in pharmaceutical R&D presents significant growth opportunities for players in the DNA encoded library market. Early partnerships with pharmaceutical companies allows vendors to gain real-world validation of DEL screening platforms.
Global expansion of DNA encoded library technology has been gaining momentum with increasing adoption across major markets in North America, Europe, Asia Pacific and other regions. Multinational pharmaceutical companies are driving integrated DEL screening programs across global research sites.
Market Drivers
The increasing demand for novel drug discovery technologies is a major growth driver for the global DNA encoded library market. DELs provide a unique and highly efficient approach to screen very large chemical spaces that are not amenable to traditional high-throughput screening methods. This has accelerated the adoption of DELs among pharmaceutical companies and academic research institutes seeking to identify new classes of lead compounds. Additionally, growing R&D investments and focus on biochemical targets by players across the pharmaceutical innovation value chain is also propelling the demand for DEL technology.
PEST Analysis
Political: The DNA encoded library market is positively impacted by the government regulations and funding for genomics research and healthcare. Various initiatives by governments worldwide to promote precision medicine and research on chronic diseases has provided tailwinds to the industry’s growth.
Economic: Rising healthcare expenditures across developed economies along with increasing affordability in developing regions has augmented the demand for these libraries in applications such as drug discovery. The high growth prospects and opportunities have attracted significant investments from market players and research institutions in this sector.
Social: Increasing awareness about precision medicine and need for more efficient methods in domains such as oncology research have motivated the researchers to adopt DNA encoded libraries. The growing patient pool of chronic diseases has further stimulated the demand.
Technological: Technological advancements have allowed development of complex DNA libraries with diversified collections. Automation solutions in combinatorial chemistry and high throughput screening have enhanced the efficiency of DNA encoded library technology. Integration with artificial intelligence and machine learning for analyzing large datasets has widened its scope of applications.
Geographical Regions Of Concentration
North America holds the major share of the global DNA encoded library market in terms of value, owing to presence of major pharmaceutical companies and intensifying R&D activities in the region. The United States accounts for the largest revenue share due to availability of advanced research infrastructure and growing adoption of precision medicine approach in the country.
Fastest Growing Region
Asia Pacific is poised to progress at the fastest pace during the forecast period. This can be attributed to rising investments by industry players to tap growth opportunities in emerging economies such as China and India. Increasing prevalence of chronic diseases, developing healthcare infrastructure, and expanding biotech industry are some key factors strengthening the regional market for DNA encoded libraries.
What Are The Key Data Covered In This Global DNA Encoded Library Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Global DNA Encoded Library Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Global DNA Encoded Library Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Global DNA Encoded Library Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Global DNA Encoded Library Market vendors
FAQ’s
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Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global DNA Encoded Library Market companies compare in terms of sales, revenue, and prices?
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.