Drug Discovery Outsourcing Market Share, Sales Channels and Overview Till 2028

As the process of new drug discovery is getting more expensive and time consuming most of the pharmaceutical and biotech market players are focusing on outsourcing solutions. Generally, drug discovery outsourcing solution comprised of development and testing of pipeline drug molecules. Pharmaceutical companies are increasingly outsourcing research activities to academic and private contract research organizations (CROs) in order to stay competitive in market. Market for drug discovery outsourcing is likely to gain considerable traction over the next few years owing to advantages offered by outsourcing such as a decline in time for drug development and expanding the number of high-quality compounds.

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Drug discovery outsourcing market is driving due to factors such as lengthy and costly affairs of drug discovery process and burdensome process that requires dedicated and skilled manpower, financial resources, and infrastructure. Since past few decades, the pharmaceutical industry has witnessed radical changes in terms of a shift toward biologics, patent expiration, and unprecedented downsizing of internal discovery of big pharmaceuticals. All these factors are responsible for driving the drug discovery outsourcing market. However, factors such as, high price of the drug discovery outsourcing & increasing risk of the drug failure is expected to hamper the market growth.

Leading Companies:

Albany Molecular Research Inc.
EVOTEC
Laboratory Corporation of America Holdings
GenScript
Pharmaceutical Product Development, LLC
Charles River
WuXi AppTec
QIAGEN
Thermo Fisher Scientific Inc.
Dalton Pharma Services

The Drug discovery outsourcing market is segmented on the basis of Drug type, therapeutic area and service type. Based on drug type, the market is segmented as Small Molecules, Large Molecules (Biopharmaceuticals).Based on therapeutic area, market is segmented as Respiratory System, Pain and Anesthesia, Oncology, Ophthalmology, Hematology, Cardiovascular, Gastrointestinal, Immunomodulation, Anti-Infective, Dermatology, others. Based on service types, the market is segmented into target identification & screening, target validation & functional informatics, lead identification & candidate optimization, preclinical development, others.

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