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:
Maximize Market Research, a global market intelligence firm, has recently released an insightful report shedding light on the prosperous growth opportunities for Drug Discovery Services market suppliers anticipated through 2029. The report provides a comprehensive market overview, detailing growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global Drug Discovery Services market. It also includes a comprehensive list of key players and their strategic business approaches.
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Drug Discovery Services Market Report Scope and 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.
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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.
Drug Discovery Services Market Regional Insights:
A thorough regional analysis of the Drug Discovery Services market, including market dynamics, regional market structure, and major players in each area, is included in the report. North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are the regions covered, offering a thorough grasp of market conditions and variances.
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:
Identifying key players in the Drug Discovery Services industry, the report answers essential questions about expected market size.
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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Key Questions answered in the Drug Discovery Services Market Report are:
- What is the expected Drug Discovery Services market size in 2029?
- How the major segments of the global Drug Discovery Services market are expected to develop during the forecast period?
- Who are the top suppliers and producers in the Drug Discovery Services industry?
- What is the expected Drug Discovery Services market size by the end of the forecast period?
- Which regional market held the largest Drug Discovery Services market share in 2022?
- Who are the key players in the Drug Discovery Services industry?
- What are the Drug Discovery Services market segments?
- Which Drug Discovery Services market segment is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and Region
• Competitive Landscape – Profiles of selected key players by region in a strategic perspective
§ Competitive landscape – Market Leaders, Market Followers, Regional player
§ Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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