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Outsourced Drug Discovery Market CAGR of 12.1% To Reach US$ 56.7 Billion By 2026, , Owing to Increasing Launch of New Outsourcing Services

November 4th, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

According to The Global Outsourced Drug Discovery Market Report, by Drug Type (Small Molecule Drugs and Large Molecule Drugs), by Services (Preclinical Developments, Target Validation, and Functional Informatics, Target Identification and Screening, Lead Identification and Candidate Optimization, and Others), By Application (Oncology, Ophthalmology, Hematology, Immunomodulation, Anti-Infective Drugs, Dermatology, Neurology, Cardiology, and Others), By End User (Pharmaceutical and Biotechnological Companies, Contract Research Organization, and Contract Manufacturing Organization), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), published by Coherent Market Insights, the global outsourced drug discovery market was valued at US$ 20.7 billion in 2017 and is projected to exhibit a CAGR of 12.1% during the forecast period (2019-2026).

Get FREE Sample PDF Including COVID-19 Impact Analysis: https://www.coherentmarketinsights.com/insight/request-sample/2847

Increasing launch of novel drug development services is expected to propel growth of the global outsourced drug discovery market over the forecast period. For instance, in March 2018, Evotec AG launched new drug discovery service INDiGO, an integrated drug development solution to accelerate drug development processes from candidate selection to NDA submission. Similarly, in October 2018, WuXi AppTec Co. Ltd launched drug screening platform DNA- encoded library (DEL), which provides free access of DEL libraries to companies and academic users for R&D of drugs.

Increasing launch of new outsourcing services is expected to propel growth of the global outsourced drug discovery market over the forecast period. For instance, in February 2014, PAREXEL International Corporation launched various drug discovery services including preclinical development, Phase IV clinical services, and biopharmaceutical services.

To know the latest trends and insights related to Global Outsourced Drug Discovery Market PRESS RELEASE, click the link below: https://www.coherentmarketinsights.com/press-release/outsourced-drug-discovery-market-to-surpass-us-567-billion-by-2026-1710

Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in April 2019, Medicine Discovery Catapult partnered with 22 U.K.-based contract research organizations and launched a virtual R&D discovery services platform made up of more than 20 CROs, which will support small- to medium-sized companies deliver drug discovery projects. Similarly, in January 2019, BioDuro, global life sciences contract research and development organization, partnered with Advent International. Under this partnership, Advent made investment in BioDuro for drug discovery processes.

In October 2018, Sanofi and Evotec launched partnership program Public Private Partnership to accelerate drug discovery processes across multiple therapeutic areas.

Major players in the market are also focused on adopting various business strategies to enhance their market share. For instance, in June 2015, INC Research Holdings, Inc., a contract research organization, launched industry’s first Site Advocacy Group (SAG) for development and enhancement of clinical research activities. SAG focuses on R&D activities related to schizophrenia, depression, and bipolar disorder.

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Key Takeaways

  • The global outsourced drug discovery market is expected to witness a CAGR of 12.1% during the forecast period (2019–2026)
  • Increasing launch of novel drug development services is expected to propel growth of the global outsourced drug discovery market over the forecast period
  • Major players operating in the global outsourced drug discovery market include Aurigene Accelerating Discovery, Bioduro LLC, Charles River Laboratories (CRL), Chempartner, TCG Lifesciences, Evotec AG, Syngene International Ltd. Jubilant Biosys Ltd, Pharmaron Inc., Shanghai Medicilon, and Sundia Meditech Co. Ltd.

Other Related Reports:

Infertility Drugs and Devices Market, By Type (Infertility Drugs (Clomiphene citrate, Sex hormones, Gonadotropins, Bromocriptine, Cabergoline, Imipramine, Letrozole, Metformin), Infertility Devices (Equipment, Accessories)), By Gender (Male, Female), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Hemoglobinopathy Treatment Drugs Market, by Drug Type (Analgesics, Antibiotics, ACE Inhibitors, Hydroxyurea, and Others), By Disease Type (Thalassemia, Sickle Cell Disease, and Other Hb Variants Diseases), By Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Diabetes Devices and Drugs (Diagnosis, Monitoring, and Therapeutics) Market, By Category (Diagnosis and Monitoring (Blood Glucose Monitoring Devices, Other Testing Devices, Software Programs for Diabetes Monitoring, Artificial Pancreas), Therapeutics (Insulin, Insulin Delivery, Oral Hypoglycemic Agents, Cell Therapies)), By Disease Type (Type 2 Diabetes, Type 1 Diabetes), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share Outlook, and Opportunity Analysis, 2020 – 2027

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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