Browse key industry insights spread across 208 pages with 110 Market data tables and figures & charts from the report on the "Global Drug Discovery Outsourcing Services Market Size, Share, and COVID-19 Impact Analysis, By Drug Type (Small Molecules and Large Molecules), By Workflow (Target Identification & Screening, Target Validation & Functional Informatics, Lead Identification & Candidate Optimization, Preclinical Development, and Others), By Therapeutics Area (Respiratory System, Pain & Anesthesia, Oncology, Ophthalmology, Hematology, Cardiovascular, Endocrine, Gastrointestinal, Immunomodulation, Anti-Infective, Central Nervous System, Dermatology, and Genitourinary System), By Service Type (Chemistry Service and Biology Service), By End-User (Pharmaceutical & Biotechnology Companies, Academic Institutes, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The small molecules segment dominates the market with the largest revenue share in 2023.
Based on drug type, the global drug discovery outsourcing services market is segmented into small molecules and large molecules. Among these, the small molecules segment dominates the market with the largest revenue share in 2023. As small-molecule medications are efficient in targeting intracellular proteins and enzymes, they are the preferred choice for treating various therapeutic conditions, including cancer, infectious diseases, and neurological disorders. The development of novel therapies is greatly aided by the increasing approvals by the FDA and other regulatory bodies that are driving the market growth.
The lead identification & candidate optimization segment accounted for the largest market share through the forecast period.
Based on the workflow, the global drug discovery outsourcing services market is segmented into target identification & screening, target validation & functional informatics, lead identification & candidate optimization, preclinical development, and others. Among these, the lead identification & candidate optimization segment accounted for the largest market share through the forecast period. One of the most crucial phases in the drug development process is the identification and optimization of lead compounds that aim to maximize the compounds' potency, toxicity potential, biological activity, target selectivity, and other attributes. The sophisticated in silico tools are used to enhance the lead identification process, such as structure-based drug designs and computer-aided drug discovery (CADD).
The respiratory segment dominated the global drug discovery outsourcing services market with the largest revenue share in 2023.
Based on the therapeutics area, the global drug discovery outsourcing services market is segmented into respiratory system, pain & anesthesia, oncology, ophthalmology, hematology, cardiovascular, endocrine, gastrointestinal, immunomodulation, anti-infective, central nervous system, dermatology, and genitourinary system. Among these, the respiratory segment dominated the global drug discovery outsourcing services market with the largest revenue share in 2023. Common respiratory infections, increased exposure to indoor and outdoor air pollution and toxins from occupational dust, and an increase in smoking rates globally, are the diverse factors contributing to the rising prevalence of respiratory disorders. The rise of treatment-resistant illnesses surges the need for drug development for respiratory therapeutic areas.
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North America dominates the market with the largest market share over the forecast period.
North America dominates the market with the largest market share over the forecast period. The availability of advanced technologies and platforms in the process of drug discovery and establishing multiple strategic initiatives are significantly driving the market growth. The growth in biosimilars and generic markets and increasing outsourcing of R&D services by pharmaceutical and biopharmaceutical companies are driving the market in the region. The growing prevalence of cardiovascular and neurovascular diseases in the region as well as presence of a well-established research infrastructure & key players, with higher investments in drug discovery R&D are responsible for driving the market.
Asia-Pacific region is expected to grow the fastest during the forecast period. The high burden of chronic diseases like cardiovascular diseases, cancer, and respiratory diseases in the region is expected to propel the market growth. Furthermore, collaborations with Contract Research Organizations (CROs) are accelerating the market growth in the region. The region is emerging as a hub for outsourcing drug discovery activities owing to the availability of skilled manpower, lower costs, favorable regulatory environment, and quality data. The Japan Agency for Medical Research and Development (AMED), established in 2015, is an example of the initiatives taken to boost market growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global drug discovery outsourcing services market GenScript, Dalton Pharma Services, EVOTEC, Charles River, Thermo Fisher Scientific Inc., Eurofins SE, Syngene International Limited, QIAGEN, Jubilant Biosys, Albany Molecular Research Inc., Pharmaron Beijing Co., Ltd., Laboratory Corporation of America Holdings, WuXi AppTec, Curia Inc., and Other Key Players.
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Recent Developments
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In February 2023, Charles River Laboratories International, Inc. announced a multi-program agreement with Pioneering Medicines, a strategic initiative of Flagship Pioneering, that gives Pioneering Medicines access to Logica. Through the agreement, Pioneering Medicines would deploy Logica across a portfolio of targets to create optimized small molecules that lead to novel therapies for unmet medical needs.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global drug discovery outsourcing services market based on the below-mentioned segments:
Global Drug Discovery Outsourcing Services Market, Drug Type Analysis
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Small Molecules
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Large Molecules
Global Drug Discovery Outsourcing Services Market, Workflow Analysis
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Target Identification & Screening
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Target Validation & Functional Informatics
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Lead Identification & Candidate Optimization
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Preclinical Development
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Others
Global Drug Discovery Outsourcing Services Market, Therapeutics Area Analysis
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Respiratory System
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Pain & Anesthesia
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Oncology, Ophthalmology
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Hematology
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Cardiovascular
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Endocrine
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Gastrointestinal
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Immunomodulation
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Anti-Infective
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Central Nervous System
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Dermatology
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Genitourinary System
Global Drug Discovery Outsourcing Services Market, Service Type Analysis
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Chemistry Service
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Biology Service
Global Drug Discovery Outsourcing Services Market, End-User Analysis
Global Drug Discovery Outsourcing Services Market, Regional Analysis
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North America
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Europe
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Germany
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Uk
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France
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Italy
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Spain
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Russia
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Rest of Europe
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Asia Pacific
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China
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Japan
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India
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South Korea
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Australia
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Rest of Asia Pacific
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South America
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Brazil
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Argentina
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Rest of South America
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Middle East & Africa
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