(MENAFN- iCrowdNewsWire) Drug discovery is the process of discovering and designing novel candidates for medication and therapy. The most common drug discovery methods are molecular designing, molecular manipulation, drug metabolites, random screening, and others. The report provides Drug Discovery Services market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
Drug discovery services find extensive usage in forensic science, paternity testing, anthropology, and disaster victim identification. DNA analysis is a crucial element of this segment. Drug discovery services are an amalgamation of drug-target recognition, drug design, lead optimization, compound recognition, and drug discovery selection. Global Drug Discovery Services market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Drug Discovery Services Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market.
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Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Drug Discovery Services market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Drug Discovery Services market revenue growth to a significant extent over the forecast period.
Drug Discovery Services Market: Dynamics
The Drug Discovery Services Market is witnessing an accelerating expansion due to a substantial increase in medicines’ demand and supply. Technological advancements, adoption of new techniques for drug discovery, and rising investment in the Research and Development segment are bolstering the growth of the market. Moreover, developments in the healthcare business sphere, surging demand for generic drugs, rise in the geriatric populace, and radical advancements in drug discovery services are fueling the growth of the market.
Various other factors have accelerated the growth of the Drug Discovery Services Market, along with the rapid expansion of the biotechnology and pharmaceutical industry. Rising awareness about chronic health conditions, increasing patient pool, a surge in unmet medical needs, an improved regulatory framework for drug discovery, and an increase in the number of contracts and agreements between prominent pharmaceutical and biotech giants are anticipated to add traction to the growth of the market. An increase in the outsourcing of drug discovery R & D and clinical trials of crucial drug candidates and the availability of advanced diagnostic procedures is presumed to drive the market’s growth throughout the projected timeline.
Drug Discovery Services Market: Competitive Landscape
Advancements in the drug discovery services coupled with product launches by significant companies and strategic alliances between pharmaceutical and drug discovery services companies. Some key players operating in the global Drug Discovery Services Market are:
- Albany Molecular Research, Inc.
- Thermo Fisher Scientific
- Evotec
- Covance
- GenScript
- Pharmaceutical Product Development, LLC
- SRI International
- WuXiAppTec
- Charles River Laboratories International
- Selcia Limited
- Viva Biotech
- Domainex
- Merck KGaA
- Others
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report“Drug Discovery Services Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Drug Discovery Services Market Segmentation
Process
- Target Selection
- Target Validation
- Lead Optimization
- Candidate Validation
- Others
Type
- Medicinal Chemistry
- Biology Services
- Pharmacokinetics and Drug Metabolism
Drug Type
- Biologics
- Small Molecules
Therapeutic Area
- Neurology
- Diabetes
- Oncology
- Cardiovascular Diseases
- Respiratory Illnesses
- Others
End-User Industry
- Hospital & Clinics
- Pharmaceutical Companies
- Biotech Companies
- Research Institutes
- Others
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
Table of Content
Chapter 1. Methodology & Sources
1.1. Drug Discovery Services Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Drug Discovery Services Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Drug Discovery Services Market Segmentation & Impact Analysis
4.1. Drug Discovery Services Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Drug Discovery Services Market indicators analysis
4.2.2. Drug Discovery Services Market drivers analysis
4.2.2.1. Rapid urbanization and industrialization
4.2.2.2. Stringent government regulations regarding carbon emissions
4.2.2.3. Increasing prevalence of respiratory diseases
4.2.2.4. Rising need to enhance indoor air quality
4.2.3. Drug Discovery Services Market restraints analysis
4.2.3.1. High cost associated with the maintenance of Drug Discovery Services products
4.2.3.2. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued….
Key Highlights of the Report:
- The report offers a quantitative and qualitative analysis of the Drug Discovery Services Market trends and forecast estimations until 2027
- An in-depth analysis of the Drug Discovery Services Market with respect to regions and segments to offer a better understanding of the current trends
- Strategic recommendations to the established players and new entrants to fortify their presence in the industry
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