Global Outsourced Drug Discovery Market
Overview:
Outsourcing is a process in which a pharmaceutical company hires a third party, such as a contract research organisation, to do preclinical development, clinical research, and drug discovery. Contract research firms and the pharmaceutical, biotechnology, and chemical sectors collaborate on outsourcing. CROs handle almost every step of drug discovery, including data input and validation, clinical data management, medication and illness coding, safety and effectiveness summaries, validation programming, quality and metric reporting, statistical analysis plans and reports, and final study reports.
The global outsourced drug discovery market was valued at US$ 20.7 billion in 2017, and is expected to witness a CAGR of 12.1% during the forecast period (2019 โ 2026).
๐๐จ ๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ฌ๐ญ ๐๐จ๐ฏ๐ข๐๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ @ https://www.coherentmarketinsights.com/insight/request-sample/2847
Drivers:
Excessive drug discovery services are predicted to boost global outsourced drug discovery growth. For, instance, in April 2019, Eurofins Discovery Services, a contract research firm, announced the launch of its new drug discovery service Discovery One. The unique approach will aid in drug discovery research and preclinical development.
Moreover, rising number of new drug discovery companies is expected to propel growth of ย the global outsourced drug discovery market ย For instance, Schrodinger, LLC worked with Wuxi AppTec to launch Faxian Therapeutics (Headquarters โ New York, USA) in November 2018. Faxian Therapeutics will address health care requirements by utilising Schrodinger, LLC’s computational platform and WuXi’s drug discovery and synthesis services.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ฌ๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ @ https://www.coherentmarketinsights.com/insight/request-pdf/2847
Market Taxonomy:
By Drug Type
- Large Molecule Drugs
- Small Molecule Drugs
By Services
- Target validation and Functional Informatics
- Lead Identification and Candidate Optimization
- Target Identification and Screening
- Preclinical Development
- Others
ย By Application
- Ophthalmology
- Oncology
- Immunomodulation
- Hematology
- Dermatology
- Anti-Infective Drugs
- Cardiology
- Neurology
- Others
By End Users
- Contract research Organization
- Pharmaceutical and Biotechnological Companies
- Contract Manufacturing Organization
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Regional Analysis:
North America is expected substantial growth in global outsourced drug discovery market. For instance, in January 2019, Lambda Therapeutic Research (Headquarters-India) acquired Novum Pharmaceutical Research Services, a CRO in the United States. With this transaction, Lambda Therapeutic Research entered the US market.
Furthermore, Europe is also expected to witness augmented growth in the global outsourced drug discovery market, owing to increasing merger and acquisition activities by major ย players in the region. For instance, Optimapharm, a European clinical research organisation (CRO), purchased Denothex, a CRO, in February 2019 to enhance its position in the European market, notably in France, Spain, Switzerland, and Italy. Denothex handles all oncology clinical studies in Europe and Israel.
Competitive Landscape:
Market players active ย in the global outsourced drug discovery market are Bioduro LLC, Aurigene Accelerating Discovery, ย Charles River Laboratories (CRL), ย TCG Lifesciences, Syngene International Ltd., Evotec AG, Pharmaron Inc., Jubilant Biosys Ltd, Chempartner,ย Sundia Meditech Co. Ltd,and Shanghai Medicilon.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ง๐ ๐๐๐ญ ๐ ๐ฅ๐๐ญ ๐๐๐ ๐๐๐๐ ๐๐ ๐
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง @ https://www.coherentmarketinsights.com/promo/buynow/2847
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Drug Type
- Market Snippet, By Services
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Technology Advancements
- Historical Overview
- Merger and Acquisition
- Regulatory Scenario
- PORTERโS Five Forces
- PEST Analysis
- Market Dynamics
- Global Outsourced Drug Discovery Market, By Drug Type, 2018 โ 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 โ 2026
- Segment Trends
- Small Molecule Drugs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Large Molecule Drugs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Introduction
- Global Outsourced Drug Discovery Market, By Services, 2018 โ 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 โ 2026
- Segment Trends
- Preclinical Development
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Target Validation and Functional Informatics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Target Identification and Screening
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Lead Identification and Candidate Optimization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Introduction
- Global Outsourced Drug Discovery Market, By Application, 2018 โ 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 โ 2026
- Segment Trends
- Oncology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Ophthalmology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Hematology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Immunomodulation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Anti-Infective Drugs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Dermatology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Neurology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Pulmonology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Cardiology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Introduction
- Global Outsourced Drug Discovery Market, By End Users, 2018 โ 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 โ 2026
- Segment Trends
- Pharmaceutical and Biotechnological Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Contract Research Organization (CRO)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Contract Manufacturing Organization (CMO)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2026, (US$ Million)
- Introduction
View Press Release: https://www.coherentmarketinsights.com/press-release/outsourced-drug-discovery-market-to-surpass-us-567-billion-by-2026-1710
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