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 market’s position over the anticipated period is analyzed and evaluated in the Drug Discovery Services Market research report.This in-depth study concentrates on market share, leading segments, geographical analysis, and primary and secondary drivers. Key players, significant partnerships, mergers, and acquisitions, as well as popular innovations and business tactics, are also examined in the study.
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Drug Discovery Services Market Report Scope & Research Methodology:
The Drug Discovery Services Market report analyzes current industry trends in each of the sub-segments and projects revenue growth at the national and international levels over the course of the forecast period. The global drug discovery services market report has been divided into segments by type, end-user, process, therapeutics area, and region by MMR. Strategic profiles of the leading market players are included in the report, along with a thorough examination of their core competencies and their business-related plans for joint ventures, partnerships, acquisitions, and the introduction of new products.
Drug Discovery Services Market Dynamics:
Artificial Intelligence has the potential to enhance drug discovery. The application of artificial intelligence (AI) to the analysis of drug results and research is anticipated to benefit drug discovery services. Before a chemical is synthesized or produced, artificial intelligence may be able to assist in the analysis of protein structures, which may help predict how the chemical will affect the target as well as safety concerns. Consequently, it is anticipated that the drug discovery services market will grow considerably over the course of the forecast period. New advances in pharmaceutical technology are supported by the gradual increase in regional healthcare spending.
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:
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)
Regional Insights:
A comprehensive overview of the global Drug Discovery Services market is provided, incorporating both qualitative and quantitative data. The report offers market size and forecast projections for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America from 2023 to 2029. The corresponding segments provide a deeper analysis of each region, emphasizing trends and opportunities.
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COVID-19 Impact Analysis:
The report delves into the post-COVID-19 development strategy, analyzing corporate strategies, landscape, types, applications, and leading countries. It provides statistical information on market dynamics, growth factors, challenges, opportunities, and forecasts, aiming to offer businesses a strategic analysis of the pandemic’s impact.
Drug Discovery Services Market Key Questions Answered:
- What are some of the most promising high-growth opportunities in the global Drug Discovery Services market by product type and End User and Region?
- Which Drug Discovery Services market segments will expand the fastest, and why?
- Which regions will develop quicker, and why?
- What are the primary elements influencing Drug Discovery Services market dynamics? What are the market drivers and challenges for the Drug Discovery Services market?
- What are the Drug Discovery Services market’s business risks and threats?
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