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Drug Discovery Services Market Is Expected To Witness Incremental Growth In The Forecast Period 2023-2032
Drug Discovery Services Market
The Business Research Company's Drug Discovery Services Global Market Report 2023 identifies the growing focus on drug discovery trials is expected to propel the drug discovery services market. With the increasing importance of drug development and innovation in healthcare, the demand for drug discovery trials worldwide has increased.
The global drug discovery services market size is expected to grow from $14.22 billion in 2022 to $16.15 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The drug discovery services market is expected to grow to $26.06 billion in 2027 at a CAGR of 12.7%..
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Major competitors in the drug discovery services market are Thermo Fisher Scientific Inc., Albany Molecular Research Inc., Charles River Laboratories International Inc., Laboratory Corporation of America Holdings, Domainex, GenScript Biotech Corporation, Pharmaceutical Product Development LLC, Agilent Technologies Inc., Advinus Therapeutics, Jubilant Biosys Ltd., Evotec AG, Labcorp Drug Development, Syngene International Ltd., Bayer AG, Merck KGaA, and Ubiquigent.
Technological advancements are the key trend in the drug discovery services market. The Major companies operating in drug development services are witnessing the market demand for using robotics and automated screening to increase the overall speed of drug discovery. This advancement enables key players to gain a competitive edge in the market.
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The drug discovery services market is segmented -
• By Type: Chemistry Services, Biology Services
• By Process: Target Selection, Target Validation, Hit-to-Lead Identification, Lead Optimization, Candidate Validation
• By Drug Type: Biologics Drug , Small Molecule Drug
• By End user: Pharmaceuticals and Biotechnology Companies, Academic Institutes, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa North America was the largest region in the drug discovery services market.
The Business Research Company's "Global Drug Discovery Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Drug Discovery Services Market Include:
1. Drug Discovery Services Market Executive Summary
2. Drug Discovery Services Market Segments
3. Drug Discovery Services Market Size And Drug Discovery Services Market Growth Rate
4. Key Drug Discovery Services Market Trends
5. Major Drug Discovery Services Market Drivers
……
25. Key Mergers And Acquisitions In The Drug Discovery Services Market
26. Top Drug Discovery Services Companies
27. Drug Discovery Services Market Opportunities And Strategies
28. Drug Discovery Services Market, Conclusions And Recommendations
29. Appendix
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