Anticipated Growth in Revenue:
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:
A comprehensive analysis of the "Drug Discovery Services Market" has been published by the business consulting firm Maximize Market Research. Key business insights, pricing and demand analyses, and a competitive landscape are all included in the report. The report presents a comprehensive analysis and made-up projections of the current state of the Drug Discovery Services Market.
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Drug Discovery Services Market Scope and Methodology:
This includes comprehending the features of the Drug Discovery Services Market, important trends, growth-promoting elements, and possible opportunities. Along with gathering the quantitative and qualitative data, To collect data, both primary and secondary research methods are used. Interviews and surveys are used to gather primary data from significant market participants, such as Key Opinion People in the Drug Discovery Services Market industry, such as suppliers, manufacturers, customers, and experts. Their opinions are combined to create business data about this market. Secondary data is gathered from a variety of sources, such as trade magazines, government publications, company websites, market analyses, industry reports, annual reports, and databases.
Porter's five forces analysis, a feasibility study, and investment return evaluation were among the methods used to investigate the Drug Discovery Services Market. The sizes of the regional and global Drug Discovery Services Market were ascertained using the bottom-up methodology.
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)
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Drug Discovery Services Market Regional Insights
The Regional Analysis section presents the current state of the Drug Discovery Services Market in each of the participating nations of the research. Gaining a complete understanding of local perspectives is necessary to comprehend the intricate dynamics of the Drug Discovery Services Market. A few of the numerous regions that comprise the Drug Discovery Services Market are Africa, Latin America, the Middle East, Asia Pacific, Europe, and North America. This report provides a detailed analysis of the import and export volume, growth rate, market size, and other pertinent factors for each area.
Key questions answered in the Drug Discovery Services Market are:
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