DNA encoded library refers to a collection of small molecules or peptides that have been chemically encoded with identifiable DNA tags. These libraries can be rapidly screened against biological targets of interest in order to identify potential lead compounds for drug development. DNA encoded libraries have emerged as a powerful tool for drug discovery in pharmaceutical industry as they allow for highly multiplexed and parallel screening of millions of compounds. Encoding molecules with DNA allows precise tracking of each compound through the selection and amplification process.
The Global DNA Encoded Library Market is estimated to be valued at USD 0.91 Billion in 2024 and is expected to reach USD 2.60 Billion by 2031, growing at a compound annual growth rate (CAGR) of 16.4% from 2024 to 2031.
The demand for Global DNA Encoded Library is growing steadily as they enable simultaneous screening of hundreds of thousands to millions of compounds against disease relevant biological targets. This has significantly improved hit rates and accelerated the drug discovery process compared to conventional high throughput screening methods.
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