Press release
Global Drug Discovery Outsourcing Market Projected to Reach value of USD 4.78 billion by 2026 | Major Competitors- Pharmaceutical Product Development, LLC., Jubilant Biosys. Jubilant Life Sciences Ltd., Covance Inc., GenScript, Aurigene Discovery Technolo
Global Drug Discovery Outsourcing Market
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You can request an analyst call or drop down an enquiry to get detailed Drug Discovery Outsourcing market report. Different markets, marketing strategies, trends, future products and emerging opportunities are taken into account while studying market and preparing this report. It is a thorough investigation of current scenario of the global market, which covers several market dynamics. This Drug Discovery Outsourcing market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This Drug Discovery Outsourcing report best suits the requirements of the client.
Key Players:
Thermo Fisher Scientific, Merck KGaA, GENERAL ELECTRIC COMPANY, Albany Molecular Research Inc, Charles River, Evotec A.G., Pharmaceutical Product Development, LLC., Jubilant Biosys. Jubilant Life Sciences Ltd., Covance Inc., GenScript, Aurigene Discovery Technologies, WuXi AppTec, Syngene, Viva Biotech (Shanghai) Ltd, SRI International, Domainnex.
Market Drivers:
• Increasing usage of AI in drug discovery is driving the market
• Technological advancement and development is driving the growth of this market.
Market Restraints:
High price of the drug discovery outsourcing is restraining the growth of this market.
Increasing risk of the drug failure is restraining the growth of this market
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Segmentation: Global Drug Discovery Outsourcing Market
By Therapeutic Area
• Respiratory System
• Pain and Anaesthesia
• Oncology
• Ophthalmology
• Haematology
• Cardiovascular
• Endocrine
• Gastrointestinal
• Immunomodulation
• Anti-Infective
• Central Nervous System
• Dermatology
• Genitourinary System
By Drug Type
• Small Molecules
• Large Molecules
By Workflow
• Target Identification & Screening
• Target Validation & Functional Informatics
• Lead Identification & Candidate Optimization
• Preclinical Development
• Other Associated Workflow
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
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Competitive Analysis:
Global drug discovery outsourcing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of drug discovery outsourcing market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Developments in the Market:
• In November 2018, Schrödinger and WuXi together announced the launch of their new company Faxian Therapeutics which will use Schrodinger computational technologies and WuXi’s drug design and synthesis services so that they can find new drugs to meet the demand of the people. This new firm will be headquartered in New York.
• In June 2016, BioDuro, LLC, along with Formex they have announced the launch of BioDuro organization so that they can provide solution for integrated drug discovery and development, API synthesis and optimization, formulation and cGMP manufacture of drug products. The main aim is to meet the rising demand for new drugs in the market and to increase their business worldwide.
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About Us:
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