Press release
Drug Discovery Services Market to reach USD 53.58 by 2029, emerging at a CAGR of 15.6 percent and forecast 2023-2029
Drug Discovery Services Market Report ScopeThe comprehensive Drug Discovery Services Market report delves into the dynamic landscape of drug discovery, encompassing various scientific fields such as biology, chemistry, and pharmacology. It provides a detailed analysis of the industry's evolution, market drivers, challenges, and strategic initiatives. The report explores the significant role of artificial intelligence, the rise of biologics, increasing chronic disease burdens, heightened R&D investments, and the demand for novel therapies.
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Drug Discovery Services Market Research Methodology
The report is meticulously crafted using a robust research methodology, combining primary and secondary data sources. Insights are derived from industry experts, surveys, and in-depth analysis to ensure the accuracy and reliability of the findings.
What are Drug Discovery Services Market Dynamics:
The integration of AI promises to revolutionize drug discovery processes, enhancing predictive analysis and safety assessments.The surge in FDA-approved drugs, particularly biologics, is driving demand for specialized testing services, fueling market growth. Increased incidences of chronic diseases globally, coupled with an aging population, are significant contributors to the expanding drug discovery services market. The biopharmaceutical industry's escalated R&D spending is fostering the demand for outsourced clinical trials and analytical testing services.
Restraints:
Drug Discovery Services Market Regional Insights:
The largest regional market, fueled by well-established CROs, substantial R&D expenditures, and cutting-edge facilities for drug discovery research. Exhibiting the highest CAGR, the region emerges as a key hub for outsourcing drug discovery operations, driven by skilled labor, cost-effectiveness, and a supportive regulatory framework.
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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)
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:
Global Drug Discovery Services Market: Research Methodology
Global 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
Global 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
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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