The drug discovery services market refers to the outsourcing of various research and development activities related to the discovery of new drugs. These services include target identification, lead discovery and optimization, preclinical development, and clinical trial management. The market is segmented by service type (target identification and validation, lead discovery and optimization, preclinical development, clinical trial management, and others), application (oncology, cardiovascular, neurology, and others), and end-user (pharmaceutical and biotechnology companies, contract research organizations, and academic research institutions). The market is expected to grow due to increasing R&D expenditure by pharmaceutical and biotechnology companies, growing demand for personalized medicine, and the increasing prevalence of chronic diseases. Additionally, the market growth is driven by the increasing adoption of outsourcing of drug discovery services by pharmaceutical and biotechnology companies to reduce costs and accelerate the drug development process.
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Key Segments Covered in the Drug Discovery Services Industry Report
- Drug Discovery Services by Process :
- Target Selection
- Target Validation
- Hit-To-Lead Identification
- Lead Optimization
- Candidate Validation
- Drug Discovery Services by Type :
- Medicinal Chemistry
- Biology Services
- Drug Metabolism and Pharmacokinetics
- Drug Discovery Services by Drug Type :
- Small Molecules
- Biologics
- Drug Discovery Services by Therapeutic Area :
- Oncology
- Neurology
- Cardiovascular Diseases
- Respiratory Diseases
- Diabetes and Other Therapeutic Areas
- Drug Discovery Services by Region :
- North America Drug Discovery Services Market
- Latin America Drug Discovery Services Market
- Europe Drug Discovery Services Market
- Asia Pacific Drug Discovery Services Market
- Middle East & Africa Drug Discovery Services Market
The Drug Discovery Services Market report profiles the following companies, which include:
- Syngene
- Wuxi Apptec
- Urigene Discovery Technologies
- Genscript Biotech Corporation
- Covance
- Jubilant Biosys
- Pharmaceutical Product Development, LLC. (PPD)
- Evotec
- Charles River Laboratories International
- Albany Molecular Research Inc. (AMRI)
- GE Healthcare
- Merck Millipore
- Thermo Fisher Scientific Inc.
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