Drug Discovery Services Market Global Trends, Industry Size,Future Scope, Regional Trends, Leading Players, Covid-19 Business Impact, And Forecast 2030

Published: 2024-02-19
Views: 49
Author: kadambarimmr
Published in: Health & Fitness

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 worldwide Drug Discovery Services market research from Maximize Market Research offers a thorough examination of Trends, Applications, Analysis, Growth, and Forecast. The value of the Drug Discovery Services market is anticipated to grow at a notable CAGR during the forecast period. The report offers a comprehensive analysis, revenue figures, and other crucial information regarding the global Drug Discovery Services industry, along with a range of trends, drivers, constraints, opportunities, and threats that the market is expected to face during the forecast period. The study examines the industry's numerous top competitors' significant technological breakthroughs, supply chain trends, financial performance, and upcoming plans, acquisitions and mergers, and Drug Discovery Services market share.

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Drug Discovery Services Market Scope: 

Manufacturers, suppliers, distributors, and investors can benefit from market insights obtained through Maximize Market Research's global Drug Discovery Services market research. The data and figures in this report are useful to all parties involved in the global Drug Discovery Services market, such as researchers, journalists, industry experts, and business researchers.

The global Drug Discovery Services market is thoroughly researched in the Maximize Market Research report, which also makes conclusions regarding the market's potential growth factors. To guarantee the validity and authenticity of the findings in the report, a combination of primary and secondary research methods are employed in the study.

Drug Discovery Services Market Dynamics: 

The Drug Discovery Services market is experiencing dynamic shifts driven by various factors. One key driver is the increasing demand for novel therapeutics to address unmet medical needs, particularly in areas such as oncology, neurology, and rare diseases. This demand is propelled by a growing aging population and the rising prevalence of chronic diseases worldwide. Additionally, advancements in technology, such as high-throughput screening and computational modeling, are revolutionizing the drug discovery process, enabling more efficient identification and optimization of lead compounds. Moreover, the outsourcing of drug discovery activities by pharmaceutical and biotechnology companies to specialized service providers is gaining traction, as it allows for cost savings, access to specialized expertise, and flexibility in resource allocation. Furthermore, the COVID-19 pandemic has underscored the importance of accelerating the drug discovery process to respond rapidly to emerging infectious diseases, further driving growth in the market.

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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)

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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Drug Discovery Services Market Regional Analysis:

The report gives a detailed account of the growth pattern of the global Drug Discovery Services Market. The market research report on Drug Discovery Services shows that the five most important regions—North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa—have a worldwide impact. A number of significant and crucial indicators are employed in the Drug Discovery Servicesmarket forecasting process for each nation, including consumption levels, manufacturing locations and volumes, import-export analysis, price trend analysis, raw material costs, and value chain analysis.

Key Questions answered in the Drug Discovery Services Market Report are:

• What is Drug Discovery Services Market?
• What is the forecast period of the Drug Discovery Services Market?
• What is the competitive scenario of the Drug Discovery Services market?
• Which region held the largest market share in the Drug Discovery Services Market?
• What are the opportunities for the Drug Discovery Services Market?
• What are the restraining factors in the Drug Discovery Services market?
• Who are the key players of the Drug Discovery Services market?

Key offerings:

• Market Share, Size, and Forecast by Revenue
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Drug Discovery Services#
• Landscape- Leading key players and other prominent key players.

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