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Global Drug Discovery Outsourcing Market at CAGR of 8.25% in the forecast period of 2019-2026 | Analysis By-Pharmaceutical Product Development, LLC., Jubilant Biosys. Jubilant Life Sciences Ltd., Covance Inc., GenScript, Aurigene Discovery Technologies

Global Drug Discovery Outsourcing Market

Drug Discovery Outsourcing Market research report considers all the aspects of current and future market. Various trustworthy sources such as journals, websites, and annual reports of the companies, white papers, and mergers have been used for assembling data and information mentioned in this report. Global Drug Discovery Outsourcing Market– Industry Trends and Forecast to 2025 market development trends and demand of Global Drug Discovery Outsourcing Market. Another major part of this Drug Discovery Outsourcing report is the competitive landscape which gives a clear insight into the market share analysis and actions of key industry players. The data collected for generating this report is checked and validated by the market experts for the readers and end users. Global Drug Discovery Outsourcing Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2025.

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.

Key Players:

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.

Market Drivers:

  • Increasing usage of AI in drug discovery is driving the market
  • Technological advancement and development is driving the growth of this market.

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Segmentation: Global Drug Discovery Outsourcing Market

By Therapeutic Area

  • Respiratory System
  • Pain and Anaesthesia
  • Oncology
  • Ophthalmology
  • Haematology
  • Cardiovascular
  • Endocrine
  • Gastrointestinal
  • Immunomodulation
  • Anti-Infective
  • Central Nervous System
  • Dermatology
  • Genitourinary System

By Drug Type

  • Small Molecules
  • Large Molecules

By Workflow

  • Target Identification & Screening
  • Target Validation & Functional Informatics
  • Lead Identification & Candidate Optimization
  • Preclinical Development
  • Other Associated Workflow

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

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Key features of the market:

  1. Changing market dynamics of the industry
  2. To get a comprehensive overview of the market.
  3. Historical, current and projected market size in terms of volume and value
  4. In-depth market segmentation
  5. Competitive landscape

Competitive Analysis:

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.

Key Developments in the 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.

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