Global Drug Discovery Services Market is estimated to be 19.1 billion by 2025 anPosted by NISHA SHAHA on February 23rd, 2022 The global drug discovery services market accounted for US$ 10.7 billion in 2020 and is estimated to be 19.1 billion by 2025 and is anticipated to register a CAGR of 12.1 %. The report. \"Global Drug Discovery Services Market, By Process (Target Selection, Target Validation, Hit-to-lead Identification, Candidate Validation, and Others), By Type (Medicinal Chemistry, Biology Services, Drug Metabolism, Pharmaceutical Services, and Pharmacokinetics), By Therapeutic Area (Oncology, Neurology, Cardiovascular Disease, Respiratory Disease, Diabetes, and Others), By Drug Type (Small Molecules and Biologics), By Technology (High Throughput Screening, Biochips, Pharmacogenetics, Nanotechnology, and Spectroscopy), By End User (Hospital & Clinics, Pharmaceutical Companies, Biotechnology Companies, and Research Institute), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2025”. Key Highlights:
Analyst View: Inclination of major pharmaceutical companies toward outsourcing to avoid hurdles Major pharmaceutical companies involved in drug discovery and services are shifting their focus on attaining a significant position in developing countries such as India, China, Brazil, and Mexico in order to enlarge their business strategies and explore new markets. Developing nations in Asia Pacific are launching early-stage research programs, in order to meet the specific medical requirements of patients in the region. This is likely to drive the global drug discovery services market growth. Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Drug Discovery Services Market”, By Process (Target Selection, Target Validation, Hit-to-lead Identification, Candidate Validation, and Others), By Type (Medicinal Chemistry, Biology Services, Drug Metabolism, Pharmaceutical Services, and Pharmacokinetics), By Therapeutic Area (Oncology, Neurology, Cardiovascular Disease, Respiratory Disease, Diabetes, and Others), By Drug Type (Small Molecules and Biologics), By Technology (High Throughput Screening, Biochips, Pharmacogenetics, Nanotechnology, and Spectroscopy), By End User (Hospital & Clinics, Pharmaceutical Companies, Biotechnology Companies, and Research Institute), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030 Key Market Insights from the report: The global drug discovery services market accounted for US$ 10.7 billion in 2020 and is estimated to be 19.1 billion by 2025 and is anticipated to register a CAGR of 12.1 %. The market report has been segmented on the basis of process, type, therapeutic area, drug type, technology, end-user, and region.
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