Drug Discovery Services Market Insights 2019, is a professional and in-depth study on the current state of the global Drug Discovery Services industry with a focus on the Global market. The report provides key statistics on the market status of the Drug Discovery Services manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Overall, the report provides an in-depth insight of 2019-2025 global Drug Discovery Services market covering all important parameters.
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The key points of the Drug Discovery Services Market report:
The report provides a basic overview of the Drug Discovery Services industry including its definition, applications and manufacturing technology.
The report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2019-2025 market shares for each company.
Through the statistical analysis, the report depicts the global total market of Drug Discovery Services industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report then estimates 2019-2025 market development trends of Drug Discovery Services industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.
The report makes some important proposals for a new project of Drug Discovery Services Industry before evaluating its feasibility.
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There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.
For competitor segment, the report includes global key players of Drug Discovery Services are included:
segmentation of the market reveals key segments viz. North America, Europe, Asia Pacific, Latin America, and the rest of the world. The prominence of the North American region in research and development is expected to bolster regional growth.
WuXi AppTec, Albany Molecular Research Inc., GenScript, Charles River Laboratories International, Covance, and Evotec are some of the key players with proven competency within the market. These market players are expected to engage in core research in order to come up with effective drugs and molecular compositions.
Global Drug Discovery Services Market: Overview
The key factors boosting the drug discovery services market is the increasing research and development expenditure, an increase in the number of pharmaceutical companies outsourcing their work to avoid various hassles, and an increasing demand for outsourcing clinical trials services and analytical testing. However, the market can be restricted on account of the stringent regulations which govern drug discovery. Stringent policies regarding the use of animals will also hamper the growth of this market. In addition to this the high cost involved in the discovery and development of drugs will pose a challenge for the growth of this market.
Global Drug Discovery Services Market: Trends
Of the two types of drugs available in the market viz biologics and small molecules, the demand for small molecules is large on account of the simplicity of these drugs as well as the ease to characterize. As small molecules are well defined, they can easily enter cells, cause a person's cancer cells to die, and affect other molecules. Thus, many targeted therapies make use of small molecules. Of the key services offered such as biology service, medicinal chemistry, and drug metabolism and pharmacokinetics (DMPK), the demand for medicinal chemistry is high on account of the growing inclination of pharmaceutical companies towards outsourcing. On the basis of therapeutic area, this market may be categorised into neurology, oncology, respiratory diseases, cardiovascular diseases, and diabetes. Of these it is estimated that the oncology therapeutic area will drive maximum revenue on account of the increasing number of patients suffering from cancer.
Global Drug Discovery Services Market: Market Potential
Target selection, hit to lead identification, target validation, candidate validation, and lead optimisation are some of the processes in the drug discovery service market. Of these, the hit to lead identification process is emerging as a leading process on account of the growing research based on high throughput screening.
Global Drug Discovery Services Market: Regional Outlook
The global drug discovery services market can be segmented into Europe, North America, Latin America, Asia Pacific, and the Rest of the World. Of these, it is anticipated that North America will continue to lead in the market on account of the early adoption of advanced technologies. Asia Pacific is also expected to emerge as a key drug discovery services market in the years to come.
Global Drug Discovery Services Market: Competitive Landscape:
The market for drug discovery services is highly fragmented with a large number of regional and international players. Some of the players are: Thermo Fisher Scientific, Charles River Laboratories International, Albany Molecular Research Inc., Domainex, WuXi AppTec, Piramal Enterprises, GenScript, GVK Biosciences, Jubilant Biosys, Pharmaceutical Product Development, LLC (PPD), Merck, SRI International, Covance, Viva Biotech, Evotec, Selcia Limited, GE Healthcare, and Lonza.
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Reasons to Purchase this Report:
* Estimates 2019-2025 Drug Discovery Services market development trends with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players