The Drug Discovery Services Market 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.
Drug Discovery Services Market Overview:
The Drug Discovery Services Market study may include price trend analysis of target brands, market data for other nations, data from clinical trials, literature research, refurbished market and product base analysis, and other services. Analysis of target rival markets encompasses a wide range of topics, from market portfolio strategies to technology-based research. We have included as many rivals as the state of the market required.
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Drug Discovery Services Market Report Scope:
The latest report on the Drug Discovery Services market provides in-depth insights extending up to forecast period offering valuable projections and assessments tailored for various end-users. Revenue forecasts, sales analyses, and growth rate estimations contribute to a holistic understanding of the global Drug Discovery Services market landscape.
Drug Discovery Services Market Dynamics:
The Drug Discovery Services Market is witnessing dynamic shifts driven by a multitude of factors. With advancements in technology, including AI and machine learning, the landscape of drug discovery is rapidly evolving. These innovations streamline processes, reduce costs, and enhance efficiency, enticing pharmaceutical companies to outsource drug discovery services. Additionally, the increasing prevalence of chronic diseases and the demand for novel therapeutics are fueling market growth. Moreover, collaborations and partnerships between pharmaceutical firms and contract research organizations (CROs) are expanding, facilitating access to specialized expertise and resources. Regulatory reforms and the emphasis on personalized medicine further shape market dynamics, fostering a competitive yet collaborative environment aimed at accelerating the discovery and development of innovative drugs to address unmet medical needs.
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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Drug Discovery Services Market Key Players:
Leading entities in the Drug Discovery Services market landscape include:
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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Drug Discovery Services Market Regional Insights:
Regional analysis offers a granular perspective on market trends, capturing unique market influencers and legislative changes impacting present and future market scenarios. Factors such as consumption patterns, production volumes, and pricing dynamics are meticulously analyzed across key regions, including:
- North America (United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions Addressed:
The Drug Discovery Services Market Report provides answers to crucial questions including:
- What emerging trends will shape the Drug Discovery Services market landscape in the forecast period?
- What is the projected market size of the Drug Discovery Services market by the forecast period?
- Which company held the largest market share in the Drug Discovery Services market?
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