Drug Discovery Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-2876 | Report Format : | Status : Upcoming |

Abstract

Global Drug Discovery Services Market: Overview

Owing to the occurrence of numerous life-threatening syndromes and frequent initiation of new health-associated issues, it is necessary to discover latest, advanced, competent drugs to fight against the illness. Several healthcare associations across the globe are keenly looking for prospects and opportunities for the global drug discovery services market, which was previously done by recognition of active element from traditional/conventional remedies.

Global Drug Discovery Services Market: Growth Factors

The global drug discovery services market is mainly propelled by increasing geriatric populace across the world. People above the age of 60 are more prone towards chronic syndromes. The demand and requirement for competent drugs, particularly from the increasing affluent patients, is another aspect propelling the global market. Furthermore, developments in the fields of molecular biology, biotechnology, genomics, and nanotechnology have augmented the investments in the global drug discovery services market. In addition, patent expiries of numerous blockbuster drugs in the coming future are also likely to make a profitable market for the existing key players. Several pharmaceutical companies also have several prospects and opportunities for the global market through generics.

As drug discovery is likely to play a significant role in the drug development, several pharmaceutical companies majorly focus more on drug discovery technologies. On the other hand, drug discovery needs an enormous investment and takes a longer period, which basically leads to very fewer profit margins for several pharmaceutical companies.

Global Drug Discovery Services Market: Segmentation

The global drug discovery services market can be classified in terms of services, technology, end-users, and region. In terms of technology, the market is categorized into DNA microarrays, QPCR, high-throughput screening, protein microarrays, gel electrophoresis, mass spectrometry, protein & nucleic acid isolation, chromatography, and other technologies. In terms of services, the market is divided into drug metabolism and pharmacokinetics services, chemical services, pharmaceutical services, and biological services. The global drug discovery services market in terms of end-users is classified into biotech companies, research institutes, pharmaceutical companies, and others.

Global Drug Discovery Services Market: Regional Analysis

North America is projected to be the most lucrative and profitable market owing to the presence of wide range of pharmaceutical companies in the region. The government in countries such as Canada and the U.S. are likely to formulate several encouraging policies and regulations for the investors to develop and research about new drugs. The factors that are positively increasing the demand and requirement for drug discovery services in the region of North America are high-income inhabitants, collectively potential healthy and better returns on investments owing to a high acceptance rate of latest technologies. The Asia Pacific is projected to hold a considerable share in the drug discovery services market owing to increasing disposable incomes, the rise in the investments by pharmaceutical sector, and favorable long-term government policies in the region.

Global Drug Discovery Services Market: Competitive Players

Some of the most important market players in the drug discovery services market are Selvita, GVK Biosciences, Certara, Infosys, Jubilant Biosys, ChemAxon, Novo Informatics, DiscoverX, Boehringer Ingelheim GmbH, Charles River Laboratories, and Albany Molecular Research, among others.

Global Drug Discovery Services Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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