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Drug Discovery Services Market Forecast to Hit USD 61.93 Billion by 2030, Growing at a 15.6 Percentage CAGR

01-20-2025 07:04 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Drug Discovery Services Market

Drug Discovery Services Market

๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 22.45 Billion in 2023 and is expected to reach USD 61.93 Billion by 2030 at a CAGR of 15.6% during the forecast period.

๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The drug discovery services market is experiencing rapid growth, driven by the increasing need for effective and targeted therapies across the pharmaceutical and biotechnology industries. These services include various stages of drug discovery, such as target identification, hit-to-lead identification, lead optimization, and preclinical studies. The rising prevalence of chronic and rare diseases, coupled with the growing complexity of drug development, has led to increased outsourcing of drug discovery activities to specialized service providers. Advancements in technologies like artificial intelligence (AI), machine learning, and high-throughput screening are revolutionizing the drug discovery process, making it faster and more cost-effective. As the global healthcare industry continues to prioritize precision medicine, the demand for innovative drug discovery services is expected to surge.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/6672/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

Several factors are fueling the growth of the drug discovery services market. The increasing prevalence of chronic diseases, such as cancer, cardiovascular disorders, and diabetes, has created a heightened demand for novel therapeutic solutions. Pharmaceutical companies are increasingly outsourcing drug discovery processes to reduce costs and accelerate time-to-market for new drugs. The advent of advanced technologies like AI, computational biology, and bioinformatics is enhancing the efficiency and accuracy of drug discovery efforts. Additionally, the rising focus on personalized medicine and targeted therapies is driving the need for more specialized and innovative drug discovery services. Government funding and investments in R&D by biopharmaceutical companies are further propelling the market forward.

๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The drug discovery services market is evolving with several transformative trends shaping its future. One major trend is the growing adoption of AI and machine learning to analyze vast datasets, identify potential drug candidates, and optimize lead compounds. The rise of collaborative partnerships between pharmaceutical companies, academic institutions, and contract research organizations (CROs) is fostering innovation in drug discovery. Another key trend is the increasing focus on biologics and biosimilars, which require specialized discovery processes and technologies. The shift toward outsourcing to regions with cost advantages, such as Asia-Pacific, is also gaining traction. Additionally, the use of virtual screening and in silico methods is becoming more prominent, enabling more efficient and faster drug discovery processes. These trends highlight the market's dynamic nature and its critical role in advancing global healthcare.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/6672/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's emerging pharmaceutical market is creating opportunities for drug discovery services, particularly in oncology and infectious diseases. Local collaborations with global firms such as Syngene International are driving advancements in clinical trials and drug discovery. Government support for healthcare R&D is fostering innovation and attracting international partnerships in Vietnam.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐'๐ฌ ๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Thailand's focus on biotechnology and pharmaceutical research is bolstering growth in drug discovery services. Companies like BioNet-Asia are leveraging partnerships with global pharmaceutical players to enhance vaccine development and biosimilar production. Government-backed initiatives to establish Thailand as a biotech hub are driving innovation in drug discovery.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง'๐ฌ ๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐œ๐ญ๐จ๐ซ

Japan, with its advanced healthcare infrastructure and focus on R&D, is a key market for drug discovery services. Companies such as Takeda Pharmaceutical Company and Eisai Co., Ltd. are investing heavily in AI-driven drug discovery platforms. Japan's emphasis on personalized medicine and regenerative therapies is fostering growth in this sector.

๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's pharmaceutical industry is experiencing rapid advancements in biologics and biosimilars, creating demand for innovative drug discovery services. Companies like Samsung Biologics and Celltrion are leveraging cutting-edge technologies for drug development. The government's strategic investments in biotech R&D are further driving growth in South Korea.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž'๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Singapore's role as a biotech and pharmaceutical hub in Asia is fueling the adoption of drug discovery services. Companies like Esco Lifesciences and WuXi AppTec are at the forefront of integrating AI and machine learning in drug discovery. Government support for biotech innovation and international collaborations are enhancing Singapore's global presence in this sector.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’ ๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

The US dominates the global drug discovery services market due to its strong biopharmaceutical industry and advanced research capabilities. Leading companies like Charles River Laboratories and IQVIA are driving innovation through AI and virtual screening technologies. Mergers and acquisitions, such as Labcorp's acquisition of Covance, are consolidating the market and enhancing service capabilities.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž'๐ฌ ๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Europe remains a significant player in drug discovery, with countries like Germany, the UK, and France leading innovation. Companies such as Evotec SE and Sanofi are investing in collaborative R&D projects and AI-driven drug discovery platforms. EU funding for research programs and sustainable drug development practices is supporting market expansion in Europe.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/6672/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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)

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐ƒ๐ซ๐ฎ๐  ๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

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)

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-drug-discovery-services-market/6672/

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆSmart Wiring Devices Market https://www.maximizemarketresearch.com/market-report/smart-wiring-devices-market/186393/

โ™ฆGlobal Aseptic Paper Packaging for Flat Top Carton Market https://www.maximizemarketresearch.com/market-report/global-aseptic-paper-packaging-for-flat-top-carton-market/45165/

โ™ฆMarine Fasteners Market https://www.maximizemarketresearch.com/market-report/marine-fasteners-market/124659/

โ™ฆGlobal Mannequins Market https://www.maximizemarketresearch.com/market-report/global-mannequins-market/114812/

โ™ฆGlobal Media Planning Software Market https://www.maximizemarketresearch.com/market-report/global-media-planning-software-market/90421/

โ™ฆPick to Light Market https://www.maximizemarketresearch.com/market-report/pick-light-market/2697/

โ™ฆGlobal Chloroprene Rubber Market https://www.maximizemarketresearch.com/market-report/global-chloroprene-rubber-market/25580/

MAXIMIZE MARKET RESEARCH PVT. LTD.

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Pune, Maharashtra 411041, India.

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๐Ÿ–‚ sales@maximizemarketresearch.com

๐ŸŒ www.maximizemarketresearch.com

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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Indiainternet
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