Drug Discovery Services Market: Identifying Outcomes to Gain Maximum Traction – Fact.MR Study
250-page market research on drug discovery services by Fact MR, a leading market and competitive intelligence provider
According to recent Fact MR market research, sales of drug discovery services to inflate at the propelled CAGR through 2031 as investments in healthcare infrastructure expansion continue to increase. The objective of the survey is to uncover growth opportunities, key trends, growth drivers and challenges. It also provides recommendations to help businesses prepare for unforeseen challenges.
The focus on overall improvement in patient care will remain a major growth driver. Additionally, the drug discovery services market will continue to benefit from the growing willingness of patients and families to spend on advanced healthcare.
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Market research by Fact.MR gives exclusive insights on market growth. The study identifies crucial trends driving the growth of the Drug Discovery Services market. This newly released report sheds light on vital dynamics, such as drivers, restraints, and opportunities for major market players as well as emerging players associated with production and supply. Fact.MR Latest Report Provides Detailed Analysis of Drug Discovery Services Market
Rising research and development activities and spending, major pharmaceutical companies turning to outsourcing are some of the factors driving the growth of drug discovery services.
The introduction of advanced technologies in the drug discovery process is also the main driver of market growth. However, stringent regulations in some regions on drug discovery services, high cost involved in drug discovery, and the development and use of animals in testing are hampering the growth of the market.
The report offers actionable and valuable insights into the Drug Discovery Services market. The latest report from Fact.MR provides details about the current market scenario across different regions along with the historical data and forecast of the market. The report also includes information on sales and demand for the Drug Discovery Services market across various industries and regions.
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6 key facts about the global drug discovery services market
- North America is expected to remain dominant in the global drug discovery services market throughout the forecast period 2017-2026. The presence of leading pharmaceutical companies in the region is one of the factors driving the growth of drug discovery services in North America.
- The Asia-Pacific excluding Japan (APEJ) region is also expected to experience significant growth over the period 2017-2026. India and China are slowly becoming prime locations for drug discovery outsourcing due to the developed technological capabilities. Fewer regulations and low manufacturing costs are also fueling growth in the APEJ region.
- Hit-To-Lead identification is probably the most preferred process in the global drug discovery services market. By the end of 2026, lead identification is expected to reach nearly $7 trillion in revenue.
- By type of drug discovery service, medicinal chemistry is expected to see significant growth. By the end of 2026, Medicinal Chemistry is expected to surpass $6 trillion in revenue.
- Small molecules are expected to be the most prominent drug type in the global drug discovery services market. Small molecules are expected to create an incremental opportunity of over US$5,800 million between 2017 and 2026.
- Based on therapeutic area, the strongest growth is expected to be seen in oncology. Oncology is expected to reach nearly $7 trillion in revenue by the end of 2026.
The report offers a profile of some prominent players in the global drug discovery services market which will remain active till 2026. Major companies are Thermo Fisher Scientific, Inc., Merck Millipore, GE Healthcare, Albany Molecular Research , Inc. (AMRI), Charles River Laboratories International, Evotec, Pharmaceutical Development, LLC. (Ppd), Covance, Jubilant Biosys, Genscript Biotech Corporation, Aurigene Discovery Technologies, Wuxi Apptec and Syngene.
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Benefits of the report and answers to key questions
- Drug Discovery Services Category and Segment Level Analysis: Fact MR provides detailed analysis of factors influencing sales growth in key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at regional and local level.
- Drug Discovery Services Historical Volume Analysis: The report provides a comparison of historical sales and forecasted sales performance of Drug Discovery Services for 2021-2031.
- Analysis of Drug Discovery Services Manufacturing Trends: The report offers a detailed analysis of the manufacturing trends in the drug discovery services market. It carefully assesses the impact of the changing health care needs of major demographic groups globally
- Consumption of drug discovery services by demographics: The report studies consumer behavior affecting the demand outlook for drug discovery services for the assessment period. The effect of their interest in digital trends on the drug discovery services market is carefully analyzed
- Post-COVID consumer spending on drug discovery services: The healthcare industry has been greatly influenced by the COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending after COVID-19. It assesses how the current trends that will influence the expenditure on healthcare services, thereby affecting the growth of the Drug Discovery Services market.
More Valuable Insights into the Drug Discovery Services Market
Fact.MR, in its new report, offers an unbiased analysis of the drug discovery services market, sales and demand for drug discovery services, analyzing forecast statistics to 2019 and beyond. The study reveals growth projections based on various criteria.
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