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:

This study aims to give a comprehensive analysis of the Drug Discovery Services market by geography, industry, component, and application. The main factors driving the growth of the Drug Discovery Services market are covered in great detail in the study. The study also provides a thorough analysis of the value chain in the market.

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Drug Discovery Services Market Scope:

First, secondary research is conducted using sources that gather revenue data from important suppliers in order to evaluate and forecast the Drug Discovery Services market. Vendor offerings also factor into market segmentation calculations. The revenue of notable businesses was used to determine the overall size of the Drug Discovery Services market using the bottom-up methodology.

Drug Discovery Services 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)

 

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Drug Discovery Services Key Players:

The major players covered in the Drug Discovery Services market report are

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 Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

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COVID-19 Impact Analysis on Drug Discovery Services Market:

Among the industries impacted by the COVID-19 pandemic are aerospace and defense, agriculture, cars, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance. As the effects of COVID-19 spread, they have had an effect on the growth rate and the Drug Discovery Services market as a whole. Our most recent investigation, insights, and tidbits of administrative knowledge are vital to the companies and organizations in the Drug Discovery Services sector, which is navigating the COVID-19 emergency to manage risk-digitizing tasks in order to provide CEOs with reliable information and experiences.

Key Questions Answered in the Drug Discovery Services Market Report are:

  • Which segment grabbed the largest share in the Drug Discovery Services market?
  • How was the competitive scenario of the Drug Discovery Services market ?
  • Which are the key factors responsible for the Drug Discovery Services market growth?
  • Which region held the maximum share in the Drug Discovery Services market ?

About Maximize Market Research:

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