Advertising & Trends Drug Discovery Services Market

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Global Drug Discovery Services Market is expected to undergo a CAGR of 15.00% during the forecast period 2023 to 2030. This market was USD 14.68 billion in 2022, would rocket up to USD 44.91 billion by 2030.
Market Definition
Drug discovery is the process of identifying a compound

Market Segmentation

(Medicinal Chemistry Services, Biology Services, Drug Metabolism and Pharmacokinetics), Process (Target Validation, Target Selection, Hit-To-Lead Identification, Candidate Validation, Lead Optimization), Drug Type (Biologics, Small Molecules), Therapeutic Area (Neurology, Diabetes, Oncology, Respiratory Diseases, Cardiovascular Diseases, Others)

Market Scope

The drug discovery services market is segmented on the basis of type, process, drug type and therapeutic area. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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Drug Discovery Services Market Regional Analysis/Insights

  • The countries covered in the drug discovery services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
  • The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Drug Discovery Services Market Country Level Analysis

North America dominates the drug discovery services market because of the availability of cutting-edge techniques, instruments, and facilities for drug discovery research in this region due to many qualified researchers and low-cost operations in emerging countries such as India and China.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the strong presence of well-established CROs, and rising RD expenditure by pharmaceutical and biopharmaceutical companies.

Drug Discovery Services Market Share Analysis

The drug discovery services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to drug discovery services market.

Key Players Drug Discovery Services Market

  • General Electric (U.S.)
  • Eurofins Scientific (U.S.)
  • PPD Inc. (U.S.)
  • Syngene International Limited (India)
  • Wuxi AppTec (China)
  • Frontage Labs (U.S.)
  • Galapagos NV (Belgium)
  • Aurigene Discovery Technologies (India)
  • Genscript (U.S.)
  • Domainex (U.K.)
  • WIL Research Laboratories LLC (U.S.)
  • Shanghai Medicilon, Inc. (China)
  • Labcorp Drug Development (U.S.)
  • Jubilant Biosys Ltd. (India)
  • Evotec (Germany)
  • Shanghai ChemPartner (China)
  • Charles River Laboratories (U.S.)
  • Merck Co. Inc. (U.S.)
  • Thermo Fisher Scientific Inc. (U.S.)

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MAJOR TOC OF THE REPORT

  • Chapter One: Introduction
  • Chapter Two: Market Segmentation
  • Chapter Three: Market Overview
  • Chapter Four: Executive Summary

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Global Drug Discovery Services Market is Expected to Reach USD 28.78 Billion by 2027

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