This Drug Discovery Outsourcing market research report involves six major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. The Drug Discovery Outsourcing market report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Drug Discovery Outsourcing market report helps uncovers the general market conditions and tendencies. Clients accomplish unparalleled insights and acquaintance of the best market opportunities into their respective markets from this market report. The Drug Discovery Outsourcing market research report assist businesses with the intelligent decision making and better manage marketing of goods which ultimately leads to growth in the business.
Global Drug Discovery Outsourcing Market is expected to rise from its initial estimated value of USD 2.54 billion in 2018 to an estimated value of USD 4.78 billion by 2026, registering a CAGR of 8.25% in the forecast period of 2019-2026. Increasing usage of artificial intelligence in drug discovery is major factor for the growth of this market.
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You can request an analyst call or drop down an enquiry to get detailed Drug Discovery Outsourcing market report. Different markets, marketing strategies, trends, future products and emerging opportunities are taken into account while studying market and preparing this report. It is a thorough investigation of current scenario of the global market, which covers several market dynamics. This Drug Discovery Outsourcing market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This Drug Discovery Outsourcing report best suits the requirements of the client.
Market Drivers: Global Drug Discovery Outsourcing Market
Increasing usage of AI in drug discovery is driving the market
Technological advancement and development is driving the growth of this market.
Market Restraints: Global Drug Discovery Outsourcing Market
High price of the drug discovery outsourcing is restraining the growth of this market.
Increasing risk of the drug failure is restraining the growth of this market
Segmentation: Global Drug Discovery Outsourcing Market
Key Market Competitors: Global Drug Discovery Outsourcing Market
Thermo Fisher Scientific, Merck KGaA, GENERAL ELECTRIC COMPANY, Albany Molecular Research Inc, Charles River, Evotec A.G., Pharmaceutical Product Development, LLC., Jubilant Biosys. Jubilant Life Sciences Ltd., Covance Inc., GenScript, Aurigene Discovery Technologies, WuXi AppTec, Syngene, Viva Biotech (Shanghai) Ltd, SRI International, Domainnex.
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Target Identification & Screening
Target Validation & Functional Informatics
Lead Identification & Candidate Optimization
Other Associated Workflow
By Therapeutic Area
Pain and Anaesthesia
Central Nervous System
By Drug Type
Middle East and Africa
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Key Developments in the Market: Global Drug Discovery Outsourcing Market
In November 2018, Schrödinger and WuXi together announced the launch of their new company Faxian Therapeutics which will use Schrodinger computational technologies and WuXi’s drug design and synthesis services so that they can find new drugs to meet the demand of the people. This new firm will be headquartered in New York.
In June 2016, BioDuro, LLC, along with Formex they have announced the launch of BioDuro organization so that they can provide solution for integrated drug discovery and development, API synthesis and optimization, formulation and cGMP manufacture of drug products. The main aim is to meet the rising demand for new drugs in the market and to increase their business worldwide.
Competitive Analysis: Global Drug Discovery Outsourcing Market
Global drug discovery outsourcing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of drug discovery outsourcing market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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