Major Revenue Growth is Expected in the Global Drug Discovery Services Market in Near Future
The global market size is projected to reach USD 21.4 billion by 2025 from USD 11.1 billion in 2020, at a CAGR of 14.0% during the forecast period.
Major Revenue Growth Boosters:Market growth is largely driven by the growing R&D expenditure in the pharmaceutical & biopharmaceutical industry, increasing demand for outsourcing analytical testing and clinical trial services, initiatives...
Drug Discovery Services Market – Global Leaders to Dominate the Revenue Growth
Growing R&D expenditure in the pharmaceutical & biopharmaceutical industry, thus necessitating increasing demand for outsourcing analytical testing and clinical trial services. Initiatives for research on rare diseases and orphan drugs, and focus on drug discovery are driving the growth of the global drug discovery services industry. Growth in biologics, patent expiries and emerging economies...
Drug Discovery Services Market – Emerging Innovations to Bring Major Revolutions
The market will be driven by growing R&D expenditure in the pharmaceutical & biopharmaceutical industry, thus necessitating increasing demand for outsourcing analytical testing and clinical trial services. Initiatives for research on rare diseases and orphan drugs, and focus on drug discovery are driving the growth of the global drug discovery services industry. Growth in biologics, patent...
Emerging Markets in the Global Drug Discovery Services Industry
The study involved four major activities in estimating the current size of the drug discovery services market. Exhaustive secondary research was done to collect information on the market and its different subsegments.
The research methodology used to estimate the market size includes the following:# The key players in the industry and markets have been identified through extensive secondary...
Drug Discovery Services Industry – Expected Revenue Growth and Forthcoming Innovations
Primary Research:In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources were mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, researchers, and organizations related...
Patent Expiries to Boost the Demand for Drug Discovery Services | It’s Impact on Global Pharma Industry
This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies in the global Drug Discovery Services Industry.Objectives of the Study:
# To define, describe, segment,...
Key Players in the Drug Discovery Services Market are Focusing on Agreements, Expansions, Collaborations, and Partnerships
The Drug Discovery Services Market is projected to reach USD 14.40 Billion by 2022 from an estimated 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...
Increasing R&D Expenditure in Pharma Industry Boosts the Global Growth of Drug Discovery Services Market
[168 Pages Report] The drug discovery services market is expected to value at USD 7.45 Billion in 2016 and projected to grow at a CAGR of 11.6% to reach USD 14.40 Billion by 2022.
Years considered in this report:
2016 – Base Year
2017 – Estimated Year
2022 – Projected Year
Drug discovery services are widely used in forensics, paternity testing, disaster victim identification, and anthropology...