The 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:

Giving a thorough overview of the Drug Discovery Services Market by segment, industry, and geography is the aim of this study. The study provides in-depth details on the main factors influencing the expansion of the Drug Discovery Services Market. A thorough analysis of the value chain of the market is also included in the research.

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Drug Discovery Services Market Scope:

The process of gathering revenue data from significant suppliers through secondary research sources is the first step in the research methodology used to analyze and forecast the Drug Discovery Services Market. When creating market segmentation, vendor offers are also taken into consideration. Using the bottom-up approach, the total size of the Drug Discovery Services Market was estimated based on the revenue of large companies.

Drug Discovery Services Market Methodology:

In investigating the drug discovery services market, a meticulous methodology is followed to ensure accuracy and reliability in the analysis. Initially, thorough market research is conducted to gather primary data through various channels, including interviews with industry experts, key stakeholders, and participants, as well as surveys and interactions with relevant professionals. This primary data is complemented with secondary data obtained from credible sources such as industry reports, company websites, government publications, and academic journals. Statistical analysis techniques, such as regression analysis and trend analysis, are applied to identify patterns and correlations within the data, while qualitative analysis methods like SWOT analysis and Porter's Five Forces analysis are utilized to assess the competitive landscape, market dynamics, and key drivers influencing the drug discovery services market. Furthermore, forecasting techniques are employed to project future market trends and developments. By rigorously following this methodology, a comprehensive understanding of the drug discovery services market is attained, enabling stakeholders to make well-informed decisions and formulate effective strategies.

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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:

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)

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Regional Analysis:

For the global industry's Drug Discovery Services Market study, a research team conducted a significant amount of primary and secondary research. To enhance the current data, segment the market, evaluate the overall market size, project the market size, and estimate the growth rate, secondary research has been carried out. There are established methods for determining market value and growth rate. Our team gathers market information and statistics from various sources to offer a more accurate local viewpoint. Multiple regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic indicators are examined in order to develop the research's country-level analysis.

For North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, distinct market share data is given. It is recommended that analysts optimize their competitive advantages and conduct separate competitive analyses of each rival.

COVID-19 Impact Analysis on Drug Discovery Services Market:

The Drug Discovery Services Market research also includes a complete assessment of COVID-19's influence on the Drug Discovery Services Market based on import, suppliers, and market players.

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

  • Which segment was responsible for the largest share in the Drug Discovery Services Market?
  • How was the competitive scenario of the Drug Discovery Services Market in the forecast period?
  • 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 in the forecast?

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