Drug Discovery Services Market 2023 Size, Share And Industry Insights

The Drug Discovery Services Global Market Report 2023, provides comprehensive information on the drug discovery services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global drug discovery services market size is expected to grow from $14.22 billion in 2022 to $16.15 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the drug discovery services market is expected to grow to $26.06 billion in 2027 at a CAGR of 12.7%.

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Technological advancements are the key trend in the drug discovery services market. The Major companies operating in drug development services are witnessing the market demand for using robotics and automated screening to increase the overall speed of drug discovery. This advancement enables key players to gain a competitive edge in the market. For instance, in February 2021, Arctoris Ltd., a UK-based tech-enabled platform company using biotechnology, robotics, & data science to accelerate drug discovery, launched Ulysses. This fully automated robotic platform provides superior-quality data to accelerate drug discovery. This automated technology platform rapidly generates reliable, measurable, and fully auditable datasets, allowing for better decision-making early in the drug discovery process.

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The drug discovery services market is segmented:

1) By Type: Chemistry Services, Biology Services

2) By Process: Target Selection, Target Validation, Hit-to-Lead Identification, Lead Optimization, Candidate Validation

3) By Drug Type: Biologics Drug , Small Molecule Drug

4) By End user: Pharmaceuticals and Biotechnology Companies, Academic Institutes, Other End Users

North America was the largest region in the drug discovery services market in 2022.

Top Major Players

Thermo Fisher Scientific Inc.,
Albany Molecular Research Inc.,
Charles River Laboratories International Inc.,
Laboratory Corporation of America Holdings,
Domainex

The table of contents in TBRC’s drug discovery services market report includes:

1. Executive Summary
2. Drug Discovery Services Market Characteristics
3. Drug Discovery Services Market Trends And Strategies
4. Drug Discovery Services Market – Macro Economic Scenario
5. Drug Discovery Services Market Size And Growth
6. Drug Discovery Services Market Segmentation
7. Drug Discovery Services Market Regional And Country Analysis

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28. Key Mergers And Acquisitions In The Drug Discovery Services Market
29. Drug Discovery Services Market Future Outlook and Potential Analysis
30. Appendix

List Of Tables :

Table 1: Global Historic Market Growth, 2017-2022, $ Billion

Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion

Table 3: Global Drug Discovery Services Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Table 4: Global Drug Discovery Services Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Table 5: Global Drug Discovery Services Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

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Table 47: Thermo Fisher Scientific Inc. Financial Performance

Table 48: Albany Molecular Research Inc. Financial Performance

Table 49: Charles River Laboratories International Inc. Financial Performance

Table 50: Laboratory Corporation of America Holdings Financial Performance

Table 51: Domainex Financial Performance

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