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Drug Discovery Services Market - Forecast to 2022 - Increasing Demand for Outsourcing Analytical Testing & Clinical Trial Services - Research and Markets

Research and Markets
Posted on: 03 Nov 17

The "Drug Discovery Services Market - Forecast to 2022" report has been added to Research and Markets' offering.

The global drug discovery services market is expected to reach USD 14.40 Billion by 2022 from USD 8.32 Billion in 2017, at a CAGR of 11.6%.

The major factors driving the growth of this market are increasing research and development expenditure, inclination of major pharmaceutical companies towards outsourcing to avoid hurdles, and increasing demand for outsourcing of analytical testing and clinical trial services. However, the high cost involved in drug discovery and development, stringent regulations governing drug discovery, and animal usage are restraining the growth of this market

On the basis of process, the market is classified into target selection, target validation, hit-to-lead identification, lead optimization, and candidate validation. The hit-to-lead identification segment is expected to register the highest growth rate during the forecast period. The growth of this market segment is mainly driven by attributed to the emerging advanced technologies for high-throughput screening (HTS).

By type, the drug discovery services market is segmented into medicinal chemistry, biology services, and drug metabolism and pharmacokinetics (DMPK). The medicinal chemistry segment is expected to register the highest growth rate during the forecast period. Increasing R&D expenditure, growing number of drug discovery and developmental activities, and increasing inclination of pharmaceutical companies towards outsourcing are among the major factors driving the growth of the medicinal chemistry segment.

Companies Mentioned

  • Albany Molecular Research, Inc. (Amri)
  • Aurigene Discovery Technologies
  • Charles River Laboratories International
  • Covance
  • Evotec
  • Ge Healthcare
  • Genscript Biotech Corporation
  • Jubilant Biosys
  • Merck
  • Pharmaceutical Product Development, Llc. (Ppd)
  • Syngene
  • Thermo Fisher Scientific
  • Wuxi Apptec

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Drug Discovery Services Market, By Process

7 Drug Discovery Services Market, By Type

8 Drug Discovery Services Market, By Drug Type

9 Drug Discovery Services Market, By Therapeutic Area

10 Drug Discovery Services Market, By Region

11 Competitive Landscape

12 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/whs9jl/drug_discovery

View source version on businesswire.com: http://www.businesswire.com/news/home/20171103005320/en/

Business Wire
www.businesswire.com

Last updated on: 03/11/2017

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