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:

In a recent report, Maximize Market Research sheds light on the dynamic landscape of the global Drug Discovery Services Market.The comprehensive research offers valuable insights into the market's competitors and aims to provide readers with crucial business intelligence. The report encompasses a thorough examination of the market's value chain structure, geographical analysis, applications, and a forecast for the period

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Drug Discovery Services Market Report Scope & Research Methodology:

Throughout the forecast period, the Drug Discovery Services Market report analyzes current industry trends in each of the sub-segments and projects revenue growth at the national and international levels. Based on process, therapeutics area, type, end-user, and geography, MMR has divided the global drug discovery services market report. Strategic profiling of the leading market players is included in the report, along with a thorough examination of their core competencies and business-related strategies such as product launches, agreements, growths, joint ventures, partnerships, and acquisitions.

Drug Discovery Services Market Dynamics:

Consequently, it is anticipated that over the course of the forecast period, the market for drug discovery services will grow significantly. Progress in pharmaceutical technology is aided by the steady rise in healthcare spending in the region. To develop and optimize integrated drug discovery services for potential therapeutic candidates in the treatment of cardiovascular and oncological disorders, for instance, Bayer and Exscientia, a company that uses artificial intelligence in drug discovery, signed a collaboration agreement in January 2020.

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)

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Key Players:

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)

Regional Analysis:

The report conducts a thorough regional analysis, examining the global Drug Discovery Services market in North America, European Union, Asia-Pacific, Latin America, Africa, and the Middle East. It provides insights into development opportunities and challenges, considering various factors such as goods, applications, end-users, and countries.

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COVID-19 Impact Analysis:

Addressing the unprecedented impact of COVID-19 on the industry, the report incorporates an in-depth analysis of changes in consumer behavior, demand, purchasing patterns, supply chain dynamics, and government initiatives. Projections and predictions based on the influence of COVID-19 on the market are included.

Key Questions Answered:

• What are some of the most promising high-growth opportunities in the global Drug Discovery Services market by product type and End User and Region?
• Which Drug Discovery Services market segments will expand the fastest, and why?
• Which regions will develop quicker, and why?
• What are the primary elements influencing Drug Discovery Services market dynamics? What are the market drivers and challenges for the Drug Discovery Services market?
• What are the Drug Discovery Services market's business risks and threats?

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