The boost growth of theglobal drug discovery marketinclude, high prevalence of several diseases, emergence of new diseases, increasing development in biotechnology and pharmaceuticals sectors, and R&D of new active ingredients for use in drug development. Increasing number of current drugs are expected to lose patents, which offers lucrative growth opportunities for market players. For instance, in 2017, manufacturers such as Eli Lilly, Bristol-Myers Squibb, Pfizer, Takeda, and Gilead lost patents for some of their major revenue generating therapies used for the treatment of multiple sclerosis, HIV, erectile dysfunction, and cancer. Loss of patents promotes market players to focus on R&D of new therapies. Moreover, patent loss also offers lucrative opportunities for generic manufacturers. Therefore, key players in the market are focused on developing new and effective drugs to remain competitive in the market.