Drug Discovery Services Market Covid-19 Impact Analysis, Upcoming Trends, Key Industry Segments, Business Landscape and Key Vendors and Forecasts to 2029
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Drug Discovery Services Market was valued at USD 19.42 Billion in 2022 and is expected to reach USD 53.58 Billion by 2029 at a CAGR of 15.6% during the forecast period.
Drug Discovery Services Market Overview:
A newly released report offers an in-depth analysis of the Drug Discovery Services Market , providing valuable insights into its market values, scope, and regional dynamics. The research, conducted by a dedicated team, delves into the market’s segmentation, key drivers, restraints, and regional perspectives.
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Drug Discovery Services Market Report Scope:
The report comprehensively scopes the Drug Discovery Services Market, utilizing a robust research methodology. Revenue data from major suppliers, coupled with vendor offerings, forms the foundation for market segmentation. The bottom-up technique, incorporating the income of major firms, is employed to estimate the overall market size. This extensive research aims to deliver a detailed understanding of the primary elements influencing the growth of the Drug Discovery Services Market industry.
Drug Discovery Services Market Research Methodology:
The Drug Discovery Services Market study 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 projection period. The global drug discovery services market study has been divided into segments by type, end-user, process, therapeutics area, and region by MMR. Strategic profiles of the leading market players are included in the study, along with a thorough examination of their core competencies and business-related tactics such as agreements, joint ventures, partnerships, acquisitions, and the introduction of new products.
Drug Discovery Services Market Dynamics:
The need for clinical trial and analytical test outsourcing is rising as a result of the biopharmaceutical industry’s increased R&D spending. The global market for drug discovery services is expanding as a result of increased research into rare diseases and orphan drugs. The global biologics industry is expanding rapidly due to the rising need for biopharmaceutical medicines.
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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)
Drug Discovery Services Market Regional Insights:
The research includes an extensive regional analysis, blending primary and secondary research to offer a realistic perspective. Country-level analysis considers regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators. Separate market share data is presented for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, empowering analysts to conduct targeted competitive analysis.
COVID-19 Impact Analysis:
The report doesn’t shy away from addressing the impact of COVID-19 on the Drug Discovery Services Market. A complete assessment, based on import, suppliers, and market players, unveils the pandemic’s influence and strategies to navigate the challenges.
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Drug Discovery Services Market Key Questions Answered:
The Drug Discovery Services Market Report answers pivotal questions, including:
- Which segment dominated the Drug Discovery Services Market share?
- How was the competitive scenario in 2020?
- What factors fueled the Drug Discovery Services Market growth?
- Which region held the maximum market share in 2020?
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