Drug Discovery Outsourced Market Size Expected to Reach US$56.7 Billion at a CAGR of 12.1% by 2028 | Share analysis, future prospects, growth estimation and industry trends
Outsourced drug discovery is a contractual procedure conducted by contract research organizations (CROs) and contract manufacturing organizations (CMOs) (CMOs). Contract research organizations provide drug discovery and development assistance to the pharmaceutical, biotechnology, and medical device industries. CROs support drug discovery and development services such as biopharmaceutical development, bioassay development, preclinical research, clinical trials, and pharmacovigilance.
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The partnership tactics employed by major players in the drug research and development process are expected to drive the global outsourced drug discovery market across the globe. For example, in April 2019, Medicine Discovery Catapult partnered with 22 UK-based contract research groups and launched a virtual R&D discovery services platform staffed by over 20 CROs, which would help small and medium-sized companies to carry out drug discovery projects.
In addition, increased new site launches for the development of clinical research practices are expected to drive global growth. outsourced drug discovery market growth. For example, INC Research Holdings, Inc., a contract research company, formed the industry’s first Site Advocacy Group (SAG) in June 2015 to support the development and advancement of clinical research operations. SAG’s research and development operations focus on schizophrenia, depression and bipolar disease.
The major players in the market are focusing on initiating drug development services. For example, in March 2018, Evotec AG announced INDiGO, a new drug discovery service. This service is employed during the drug research and development stages. INDiGO is an integrated drug development technology that helps accelerate drug development processes from candidate screening to NDA filing. It has the potential to shorten and reduce the cost of the drug development process. Also, the introductions of new drug discovery platforms are likely to drive the growth of the global outsourced drug discovery market.
The major players active in the global outsourced drug discovery market are Bioduro LLC, Charles River Laboratories (CRL), Shanghai Medicilon, TCG Lifesciences, Chempartner, Syngene International Ltd. Jubilant Biosys Ltd, Evotec AG, Sundia Meditech Co. Ltd, Pharmaron Inc. and Aurigene Accelerating Discovery.
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Chapter 1 Industry overview
1.3 Scope of research
1.4 Market Analysis by Regions
1.5 Outsourced Drug Discovery Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Impact on Outsourced Drug Discovery Industry
Chapter 2 Global Outsourced Drug Discovery Competition by Types, Applications and Top Regions and Countries
2.1 Global Outsourced Drug Discovery (Volume and Value) by Type
2.3 Global Outsourced Drug Discovery (Volume and Value) by Regions
chapter 3 Generation market analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Outsourced Drug Discovery Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Outsourced Drug Discovery Market Analysis
Chapter 6 East Asia Outsourced Drug Discovery Market Analysis
Chapter 7 Analysis of the outsourced drug discovery market in Europe
Chapter 8 South Asia Outsourced Drug Discovery Market Analysis
Chapter 9 Southeast Asia Outsourced Drug Discovery Market Analysis
Chapter 10 Middle East Outsourced Drug Discovery Market Analysis
Chapter 11 Market analysis of outsourced drug discovery in Africa
Chapter 12 Oceania Outsourced Drug Discovery Market Analysis
Chapter 13 South America Outsourced Drug Discovery Market Analysis
Chapter 14 Company profiles and key figures of outsourced drug discovery business
Chapter 15 Global Outsourced Drug Discovery Market Forecast (2022-2028)
Chapter 16 conclusion
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