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:
In a recent report, Maximize Market Research sheds light on the dynamic landscape of the global Drug Discovery Services Market.The comprehensive research offers valuable insights into the market's competitors and aims to provide readers with crucial business intelligence. The report encompasses a thorough examination of the market's value chain structure, geographical analysis, applications, and a forecast for the period
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Drug Discovery Services Market Report Scope & Research Methodology:
Drug Discovery Services Market Dynamics:
The Drug Discovery Services market dynamics are characterized by a complex interplay of factors that collectively shape the landscape of pharmaceutical research and development. The continual evolution of biopharmaceutical technologies, increasing demand for novel therapeutics, and the growing emphasis on precision medicine contribute to the dynamic nature of this market. Advances in genomics, proteomics, and high-throughput screening techniques have significantly impacted the drug discovery process, influencing the identification and validation of drug targets. The expanding collaboration between pharmaceutical companies and contract research organizations (CROs) further amplifies the dynamic, enabling a more efficient and streamlined drug development process.
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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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 Analysis:
The report conducts a thorough regional analysis, examining the global Drug Discovery Services market in North America, European Union, Asia-Pacific, Latin America, Africa, and the Middle East. It provides insights into development opportunities and challenges, considering various factors such as goods, applications, end-users, and countries.
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COVID-19 Impact Analysis:
Addressing the unprecedented impact of COVID-19 on the industry, the report incorporates an in-depth analysis of changes in consumer behavior, demand, purchasing patterns, supply chain dynamics, and government initiatives. Projections and predictions based on the influence of COVID-19 on the market are included.
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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