Press release
Drug Discovery Services Market to Reach USD 53.58 Bn by 2029, emerging at a CAGR of 15.6 percent and forecast 2023-2029
Drug Discovery Services Market
Our comprehensive report on the Drug Discovery Services Market encompasses a global and country-level revenue forecast, and a detailed analysis of industry trends within each sub-segment. The report segments the market based on process, therapeutic area, type, end-user, and region. It also offers strategic profiling of key market players, including an extensive analysis of their core competencies, and insights into their strategies, such as new product launches, growth initiatives, partnerships, and acquisitions. For further ease of analysis, our analysts can provide data in Excel files and pivot tables or assist in creating presentations from the available datasets.
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Drug Discovery Services Market Research Methodology:
Our research methodology integrates primary and secondary sources to ensure a well-rounded report. Primary research involved 120 clinical development decision-makers, including professionals from the United States, Europe, and China, while secondary sources encompassed press releases, company annual reports, government websites, unorganized players, and paid sources such as Bloomberg and Hoovers.
What are Drug Discovery Services Market Dynamics:
AI has the potential to improve medication discovery. The application of artificial intelligence (AI) to drug research and development is predicted to benefit drug discovery services. Before a chemical is created or generated, artificial intelligence may aid in examining the structure of proteins to forecast how it will affect the target as well as safety concerns. As a result, the market for drug discovery services is predicted to grow rapidly over the forecast period. The gradual increase in regional healthcare spending facilitates the advancement of innovative pharmaceutical technology.
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What is Drug Discovery Services Market Segmentation:
by Process
Target Selection
Target Validation
Hit-to-Lead identification
Lead Optimization
Candidate Validation
by Type
Medicinal Chemistry
Biology Services
Drug Metabolism and Pharmacokinetics
by Therapeutic Area
Oncology
Neurology
Cardiovascular Diseases
Respiratory Diseases
Diabetes and Other Therapeutic Areas
by End-User
Pharmaceutical & Biotechnology companies
Academic Institutes
Other End Users (small CROs, IVD companies, and clinical laboratories)
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Who are Drug Discovery Services Market Key Players:
1. Thermo Fisher Scientific (US)
2. Merck (US)
3. GE Healthcare (US)
4. Pharmaceutical Product Development, LLC. (Ppd) (US)
5. Covance (US)
6. Genscript Biotech Corporation (US)
7. Laboratory Corporation of America Holdings (US)
8. SRI International (US)
9. BioDuro (US)
10. Cullgen (US)
11. Nanosyn (US)
12. Radyus Research (US)
13. Visikol Inc (US)
14. Aurobindo Pharma (India)
15. Dr. Reddy's Laboratories (India)
16. Jubilant Biosys Ltd. (India)
17. Lupin Pharmaceuticals (India)
18. Sun Pharmaceutical Industries Ltd. (India)
19. Serum Institute of India Pvt. Ltd. (India)
20. Syngene International Limited (India)
21. Piramal Enterprises Ltd (India)
22. Eurofins Advinus Limited (India)
23. Dalton Pharma Services (Canada)
24. Domainex (UK)
25. Selcia Limited (UK)
26. Selvita S.A. (Poland)
27. Wuxi Apptec (China)
28. Viva Biotech (China)
29. SYNthesis Med Chem (Australia)
30. Lonza Group AG (Switzerland)
31. Evotec A.G. (Germany)
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Table of content for the Drug Discovery Services Market includes:
Drug Discovery Services Market: Research Methodology
Drug Discovery Services Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Drug Discovery Services Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Drug Discovery Services Market Regional Insights:
North America: The largest regional market for drug discovery services in 2020, North America benefits from well-established CROs, increased R&D spending by pharmaceutical and biopharmaceutical companies, rapid growth in the biosimilars and biologics sectors, and access to state-of-the-art research facilities.
Asia Pacific: This region is set to achieve the highest Compound Annual Growth Rate (CAGR) during the forecast period. Boasting skilled labor, cost-effectiveness, a robust regulatory framework, and high-quality data, it is emerging as a prime hub for outsourcing drug discovery operations. Japan's pharmaceutical sector, supported by the revised Pharmaceutical Affairs Law, is positioned for substantial growth in the field of cancer research and tissue diagnostics.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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