Drug Discovery Outsourcing Market Size to Reach at a CAGR of 8.25% by 2026 - Top key Players Albany Molecular Research Inc, Charles River, Evotec A.G., Pharmaceutical Product Development, LLC

Global Drug Discovery Outsourcing Market report puts across the idea of a high-level analysis of major market segments and the identification of opportunities. Market analysis and market segmentation have been carried out in terms of markets, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions. This market report accomplishes a comprehensive analysis of profiles of key market players that provide a competitive landscape. The Drug Discovery Outsourcing Market document displays important product developments and tracks recent acquisitions, mergers and research in the Healthcare IT industry by the key players.

Global Drug Discovery Outsourcing Market is expected to rise from its initial estimated value of USD 2.54 billion in 2018 to an estimated value of USD 4.78 billion by 2026, registering a CAGR of 8.25% in the forecast period of 2019-2026. Increasing usage of artificial intelligence in drug discovery is major factor for the growth of this market.

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Few of the major competitors currently working in drug discovery outsourcing market are

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 Definition: Global Drug Discovery Outsourcing Market

Drug discovery outsourcing is the process which is used to find new medicines or drugs in different fields like pharmaceuticals, pharmacology, and biotechnology. Drug discovery is a very time consuming process and the success rate sometime is very low. Many small companies who develop drugs sell them to the big companies so that they can take the trials and see whether drugs are useful or not. Increasing artificial technologies usage in drug discovery is fuelling the drug discovery outsourcing market.

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

Table of Contents:

Introduction
Market Segmentation
Market Overview
Executive Summary
Premium Insights
Global, By Component
Product Type
Delivery
Industry Type
Geography
Company Landscape
Company Profiles
Related Reports

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Segmentation: Global Drug Discovery Outsourcing Market

By Workflow

Target Identification & Screening
Target Validation & Functional Informatics
Lead Identification & Candidate Optimization
Preclinical Development
Other Associated Workflow

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 Geography

North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and 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.

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.

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Contact:

Data Bridge Market Research
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