Drug Discovery Services Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Drug Discovery Services Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : March, 2020 | Pharmaceutical | PPT format

Report Digest


Global Drug Discovery Services Market: Snapshot

The global drug discovery services market is thriving on account of the rising impetus given to research and development across several industrial. Drug discovery forms an important niche of the pharmaceutical industry, and the extensive efforts employed by researchers to invent new drug models have popularized the market. The pharmaceutical companies have become increasingly concerned about manufacturing novel drugs, and freeing the process of drug discovery from any hassles. Hence, outsourcing of drug discovery has emerged as a prominent trend amongst these companies, which has propelled demand within the market. Furthermore, the rising expenditure on research and development of new drugs for the treatment of fatal diseases and disorders has also pushed market growth. Clinical trials and analytic testing is an important standpoint to analyze the contributors to the market. One of the most pressing concerns within the medical circles is the rising instance of cancers across the globe. Scientists and researchers are undertaking key research, testing, and development initiatives in order to find permanent cures for different cancers. Hence, the market for drug discovery services is treading a positive growth path on account of the developments in oncology.

The geographical segmentation of the market reveals key segments viz. North America, Europe, Asia Pacific, Latin America, and the rest of the world. The prominence of the North American region in research and development is expected to bolster regional growth.

WuXi AppTec,  Albany Molecular Research Inc.,  GenScript,  Charles River Laboratories International,  Covance, and Evotec are some of the key players with proven competency within the market. These market players are expected to engage in core research in order to come up with effective drugs and molecular compositions.

Global Drug Discovery Services Market: Overview

The key factors boosting the drug discovery services market is the increasing research and development expenditure, an increase in the number of pharmaceutical companies outsourcing their work to avoid various hassles, and an increasing demand for outsourcing clinical trials services and analytical testing. However, the market can be restricted on account of the stringent regulations which govern drug discovery. Stringent policies regarding the use of animals will also hamper the growth of this market. In addition to this the high cost involved in the discovery and development of drugs will pose a challenge for the growth of this market.

Global Drug Discovery Services Market: Trends

Of the two types of drugs available in the market viz biologics and small molecules, the demand for small molecules is large on account of the simplicity of these drugs as well as the ease to characterize. As small molecules are well defined, they can easily enter cells, cause a person's cancer cells to die, and affect other molecules. Thus, many targeted therapies make use of small molecules. Of the key services offered such as biology service, medicinal chemistry, and drug metabolism and pharmacokinetics (DMPK), the demand for medicinal chemistry is high on account of the growing inclination of pharmaceutical companies towards outsourcing. On the basis of therapeutic area, this market may be categorised into neurology,  oncology, respiratory diseases,  cardiovascular diseases, and diabetes. Of these it is estimated that the oncology therapeutic area will drive maximum revenue on account of the increasing number of patients suffering from cancer.

Global Drug Discovery Services Market: Market Potential

Target selection, hit to lead identification, target validation, candidate validation, and lead optimisation are some of the processes in the drug discovery service market. Of these, the hit to lead identification process is emerging as a leading process on account of the growing research based on high throughput screening.

Global Drug Discovery Services Market: Regional Outlook

The global drug discovery services market can be segmented into Europe, North America, Latin America, Asia Pacific, and the Rest of the World. Of these, it is anticipated that North America will continue to lead in the market on account of the early adoption of advanced technologies. Asia Pacific is also expected to emerge as a key drug discovery services market in the years to come.

Global Drug Discovery Services Market: Competitive Landscape:

The market for drug discovery services is highly fragmented with a large number of regional and international players. Some of the players are: Thermo Fisher Scientific, Charles River Laboratories International, Albany Molecular Research Inc., Domainex, WuXi AppTec, Piramal Enterprises, GenScript, GVK Biosciences, Jubilant Biosys, Pharmaceutical Product Development, LLC (PPD), Merck, SRI International, Covance, Viva Biotech, Evotec, Selcia Limited, GE Healthcare, and Lonza.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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