Drug Discovery Services Market to Witness Major Growth by 2027 - GenScript, Domainex, WuXi AppTec, Selcia Limited, SRI International

Drug discovery process involves identification of applicants, synthesis, characterization, screening and assays for therapeutic efficacy. After the identification of the molecule for the development, they conduct experiments to gather further information. Drug discovery is the process by which drugs are discovered and formulated or designed for the pharmaceutical and biotechnology and biopharmaceutical industry.

Drug Discovery Services Market to 2027 - Global Analysis and Forecasts By Type ( Biology Services, Medicinal Chemistry, Drug Metabolism and Pharmacokinetics ); Drug Type ( Biologics, Small Molecules ); Therapeutic Area ( Cardiovascular Diseases, Oncology, Neurology, Diabetes, Respiratory Diseases, Others )

"Global Drug Discovery Market Analysis to 2027" is a specialized and in-depth study of the biotechnology/pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of drug discovery market with detailed market segmentation by type, drug type, therapeutic area and geography.

The global drug discovery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading drug discovery market players and offers key trends and opportunities in the market.

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The report cover key developments in the drug discovery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from drug discovery market are anticipated to lucrative growth opportunities in the future with the rising demand for drug discovery market in the global market. Below mentioned is the list of few companies engaged in the drug discovery market.

The report also includes the profiles of key drug discovery market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• Covance Inc.
• Evotec
• Merck KGaA
• Thermo Fisher Scientific Inc
• GenScript
• Domainex
• WuXi AppTec
• Selcia Limited
• Charles River
• SRI International

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The drug discovery market is expected to grow during the forecast period owing to driving factors such as rising prevalence of chronic diseases, acute diseases, rise in the pharmaceutical and biotechnology industry among the others. The developing regions are likely to offer growth opportunities for the market in the forecast period.

The global drug discovery market is segmented on the basis of type, drug type and therapeutic area. Based on type, the market is segmented as biology services, medicinal chemistry and drug metabolism and pharmacokinetics. On the basis of the drug type the segment is classified as biologics and small molecules. Similarly, on the basis of therapeutic area the segment is divided into cardiovascular diseases, oncology, neurology, diabetes, respiratory diseases and others.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global drug discovery market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The drug discovery market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting drug discovery market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the drug discovery market in these regions.

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This release was published on openPR.