Press release
Why Outsourced Drug Discovery Market may Turn as Winner after Covid-19 Scenario? | Quintiles, Charles River Laboratories, Aptuit, Evotec, GenScript, PPD, WuXi AppTec, AMRI
The research report on "Outsourced Drug Discovery Market 2020" offers a holistic analysis of the business space, in tandem with a comprehensive overview of market segmentations. The report details about the market scenario according to industry size and current position as well as volume and revenue with forecast to 2027. The study also emphasizes the crucial insights regarding the geographical as well as the competitive landscape of the market. The new report offers a powerful combination of the latest, in-depth research studies on the Outsourced Drug Discovery market. The authors of the report are highly experienced analysts and possess deep market knowledge. Some of the key players in the Global Outsourced Drug Discovery market is Quintiles, Charles River Laboratories, Aptuit, Evotec, GenScript, PPD, WuXi AppTec, AMRI.Outsourced Drug Discovery Market by Drug Type (Small Molecule Drugs and Large Molecule Drugs), by Services (Preclinical Developments, Target validation and Functional Informatics, Target Identification and Screening, Lead Identification and Candidate Optimization, and Others), by Application (Oncology, Ophthalmology, Hematology, Immunomodulation, Anti-Infective Drugs, Dermatology, Neurology, Cardiology, and Others), by End Users (Pharmaceutical and Biotechnological Companies, Contract research Organization, and Contract Manufacturing Organization), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast 2020 - 2027
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Technological advances in in silico drug designing and accelerating integration of Artificial Intelligence (AI) in drug discovery are driving industry progress. Multiple applications of AI algorithms in drug design and discovery provide opportunities for players to offer specialized drug discovery services. It is useful for processes such as target and compound selection, predictive analytics, screening, and drug repurposing.
Projected rise in adoption of outsourcing over the forecast period is expected to boost market revenue generation. Half of the drug discovery processes are anticipated to be outsourced, thereby creating massive opportunities for CROs, CMOs, and CDMOs to expand their market presence.
Increasing number of new drug discovery companies is expected to drive the global outsourced drug discovery market growth. For instance, in November 2018, Schrodinger, LLC collaborated with Wuxi AppTec and launched new drug discovery company, Faxian Therapeutics (Headquarter- New York, U.S.). Faxian Therapeutics will utilize the Schrodinger, LLC's computational platform and WuXi's drug design and synthesis services to improve health care needs.
Competitive Analysis:
The report covers major players operating in the Outsourced Drug Discovery market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities.
The Key Manufacturers covered in this Report:-
Quintiles
Charles River Laboratories
Aptuit
Evotec
GenScript
PPD
WuXi AppTec
AMRI
By the Product Type, the market is primarily segmented into:
Chemical Services
Biological Services
Lead Optimization
Lead Identification and Screening
By Applications, the market is segmented into:
Pharmaceutical Companies
Other
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The key strategic developments of the Outsourced Drug Discovery market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the Outsourced Drug Discovery market on a global and regional basis.The study provides a decisive view on the Outsourced Drug Discovery market by segmenting the market based on product, end-user, and regions. All the segments have been analyzed based on present and future trends and the Outsourced Drug Discovery market is estimated from 2020 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries.
Global Outsourced Drug Discovery Market Report includes Detailed TOC points:
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview Of Global Outsourced Drug Discovery Market
2 Market Segmentation
3 Market Overview
3.1 Rising Government Initiatives
3.2 Strategic Initiative By Market Players
4 Executive Summaries
5 Premium Insights
6 Regulatory Procedure
7 Global Outsourced Drug Discovery Market, By Type
8 Global Outsourced Drug Discovery Market, by Application
9 Global Outsourced Drug Discovery Market, By Deployment
10 Global Outsourced Drug Discovery Market, By End User
11 Global Outsourced Drug Discovery Market, By Distribution Channel
12 Global Outsourced Drug Discovery Market, Company Landscape
13 Company Profile
13.1 Company Snapshot
13.2 Revenue Analysis
13.3 Company Share Analysis
13.4 Product Portfolio
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