Press release
Global Drug Discovery Outsourcing Market Size & Trends
Global Drug Discovery Outsourcing Market Size & Trends
The increasing technological advancements, such as high throughput screening and AI, have created opportunities for outsourcing specialized services in these areas. Outsourcing enables pharmaceutical companies to focus on their core competencies. Moreover, the increasing need to fill and advance drug pipelines efficiently and the growing incidence of chronic and infectious diseases are the major drivers for the global drug discovery outsourcing market growth.
Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC on "Global Drug Discovery Outsourcing Market - Forecast to 2028'' https://www.globalmarketestimates.com/market-report/drug-discovery-outsourcing-market-4182
By Workflow (Target Identification & Screening, Target Validation & Functional Informatics, Lead Identification & Candidate Optimization, Preclinical Development, and Other Associated Workflow), By Therapeutic Area (Oncology, Infectious Disease, Respiratory Disease, Cardiovascular, Gastrointestinal, and Others), By Drug Type (Small Molecules and Large Molecules (Biopharmaceuticals)), By Service Type (Chemistry Services and Biology Services), By End User (Pharmaceutical & Biotechnology Companies, Academic Institutes, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis
Key Market Insights
• As per the workflow outlook, the lead identification & candidate optimization segment is expected to be the largest segment in the global drug discovery outsourcing market from 2023 to 2028
• As per the therapeutics area outlook, respiratory disease segment is expected to be the largest segment in the global drug discovery outsourcing market from 2023 to 2028
• Asia Pacific is analyzed to be the fastest-growing region in the market
• North America is estimated to hold largest share of the market during the forecast period from 2023-2028
• Albany Molecular Research Inc., EVOTEC, Laboratory Corporation of America Holdings, GenScript, Pharmaceutical Product Development, LLC, Charles River, WuXi AppTec, Merck & Co., Inc., Thermo Fisher Scientific Inc., and Dalton Pharma Services, among others, are some of the key players operating in the global drug discovery outsourcing market
Workflow Outlook (Revenue, USD Billion, 2023-2028)
• Target Identification & Screening
• Target Validation & Functional Informatics
• Lead Identification & Candidate Optimization
• Preclinical Development
• Other Associated Workflow
Therapeutics Area Outlook (Revenue, USD Billion, 2023-2028)
• Oncology
• Infectious Disease
• Respiratory Disease
• Cardiovascular
• Gastrointestinal
Drug Type Outlook (Revenue, USD Billion, 2023-2028)
• Small Molecules
• Large Molecules (Biopharmaceuticals)
Service Type Outlook (Revenue, USD Billion, 2023-2028)
• Chemistry Services
• Biology Services
End User Outlook (Revenue, USD Billion, 2023-2028)
• Pharmaceutical & Biotechnology companies
• Academic Institutes
• Others
By Regional Outlook (Revenue, USD Billion, 2023-2028)
North America
• U.S.
• Canada
• Mexico
Europe
• Germany
• U.K.
• France
• Spain
• Italy
• Netherlands
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Thailand
• Indonesia
• Malaysia
• Singapore
• Vietnam
• Rest of APAC
Central and South America
• Brazil
• Argentina
• Chile
• Rest of CSA
Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of MEA
Contact: Yash Jain
Director- Global Accounts & Strategic Advisory
Email address: yash.jain@globalmarketestimates.com
Phone Number: +1 6026667238
Website: www.globalmarketestimates.com
B-502, Kemp Plaza, Mindspace, Malad West, Mumbai: 400 064, India
Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.
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