Drug Discovery Services Market was USD 7.84 billion in 2018 and is estimated to reach USD 15.70 billion by 2025 at a CAGR of 10.43 % during the forecast period
Drug Discovery Services Market 2020 global research report forecast to 2025 provides a current scenario of the Drug Discovery Services industry size, share, growth, trends, value chain structure, cost analysis, Drug Discovery Services key manufacture profile and geographical segmentation of each region. The Drug Discovery Services report also calculates product specifications, historical data, expert opinions and global development across the globe.
GlobalDrug Discovery Services Market2020 Report provides you with detailed information about market status, growth rate, future trends, opportunities, market drivers, risks and challenges, sales channels, key players, market conditions and circumstances.
Owing to the occurrence of numerous life-threatening diseases and frequent initiation of new health-associated issues, it is necessary to discover advanced drugs to fight against the illness. Some of the methods used for drug discovery are molecular manipulation, random screening, molecular designing, serendipity. These are specifically designed to minimize the costs of drug discovery. The global drug discovery services market was USD 7.84 billion in 2018 and is estimated to reach USD 15.70 billion by 2025 at a CAGR of 10.43% during the forecast period growth by RegionNorth America dominates the market due to the presence of large number of pharmaceutical and biotech companies, and also because of the favorable regulatory framework and encouraging policies. Europe is in the second position in the drug discovery services market. The financial aid by the government towards RandD and patent expiration of various blockbuster drugs are few factors that are expected to drive the European drug discovery services market. The Asia Pacific is the fastest-growing drug discovery services market because of the development in the pharmaceutical sectors and increasing healthcare expenditure. The increasing population is also one of the factors that drive the market growth. The Middle East and Africa have the lowest share of the global market because of slow development and poor medical facilities. Drivers vs ConstraintsThe demand and requirement for novel drugs and a growing list of chronic illnesses are the driving factors for market growth. The increasing aging population with chronic illness, developments in the field of molecular biology, biotechnology, genomics, and nanotechnology have augmented the investments in the global drug discovery services market. Rise in technological advancements and innovations in the field of pharmaceutical and biotech plays a crucial role in the development and innovation of new drugs. Stringent regulations in some regions on drug discovery services, huge capital involved in the discovery and development of the drugs and usage of animals in testing are hampering the market growth. Industry Trends and Updates• In January 2018, Merck launched Zinplava for the prevention of recurrence of Clostridium difficile infection in adults. • In January 2018, BioCryst Pharmaceuticals Inc. and Idera Pharmaceuticals Inc. planned for a merger to developing drugs for patients with rare diseases.• In January 2018, AstraZeneca and Imperial College London joined hands in investigating biological drivers for respiratory diseases, such as asthma and chronic obstructive pulmonary disease.• Abbott Laboratories and Reata Pharmaceuticals announced their worldwide collaboration to jointly develop and commercialize Reata’s portfolio of second-generation oral antioxidant inflammation modulators (AIMs).• Abbott Park and NeuroSearch have reached an agreement to jointly discover, develop, and commercialize novel compounds for the treatment of central and peripheral nervous system disorders.
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Drug Discovery Services Market Overview:
The study shown in the Drug Discovery Services market report is compiled on the basis of past, present and upcoming opportunities, innovations and trends. In addition to it, with the SWOT analysis of the Drug Discovery Services industry, this report has a detailed market analysis describing every major player of the process.
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Drug Discovery Services Market TOC Covers the Following Points:
Drug Discovery Services Market TOC Covers the Following Points:
1.2 Scope of Study
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS and LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 Primary Research
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.1.1 GROWING Demand for newly developed Drug Discovery Services
3.1.2 Growing trend of Outsourcing
3.1.3 Growing Drug Discovery Services Industry in developing nations
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 Porters Five forces Model
4.2 Bargaining power of suppliers
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 Threat of Substitutes
4.6 Intensity of Rivalry
5 global Drug Discovery Services market, by Type
6 global Drug Discovery Services market, By Application
7 global Drug Discovery Services market, By Manufacturing Methods
7.1 In-House Manufacturing
7.2 Contract Manufacturing
8 Global Drug Discovery Services market, by region
8.1 North America
8.4 Middle East and Africa
9 Competitive landscape
9.1 Major Strategies adopted by market players
9.1.1 STRATEGIC PARTNERSHIP
9.1.2 Merger and Acquisition
10 company profile
10.1 Company 1
10.1.2 Product Overview
10.1.4 Key Developments
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The primary research for Drug Discovery Services Market Report 2019-2024 was conducted with the express purpose of collecting first-hand data from verified entities in the Drug Discovery Services industry. Our research analysts and data scientists surveyed various enablers at different levels of the supply and demand chain. From the supply chain of the Drug Discovery Services industry, we collected objective data from manufacturers and their vendors, and also distributors and point of sale for different markets.
In this report, you will find a comprehensive database of information on the Drug Discovery Services industry collected from databases and regulatory bodies in the Drug Discovery Services domain. This report includes articles by well-known authors and certified publications. Verified and comprehensive Also, white papers and investor presentations have contributed to this report. Our research analysts and data scientists have taken special interest to offer a broad library of data of the Drug Discovery Services industry.
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This report includes useful data from 2020 to 2024 which covers the regional analysis of areas such as:
- North America (the USA, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Columbia etc.)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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