Houston, TX -- (SBWIRE) -- 03/13/2018 -- The Global Drug Discovery Services Market is estimated to witness a CAGR of +11% during the forecast period.
Drug discovery is a process of inventing a new medication in the field of pharmaceuticals, biotechnology and pharmacology. Drug discovery is a complex, lengthy complicated and expensive process. This process is carried out in four stages namely, target identification, target validation, high-speed screening and lead optimization. Though advanced technologies are available, success rate of drug discovery is very low and the time involved is relatively high. The final stage of drug discovery involves obtaining a patent and running clinical trials.
The report on the Global Drug Discovery Services Market is a comprehensive overview of the market, covering various aspects such as product definition, segmentation based on various parameters, distribution channel, supply chain analysis, and the prevailing vendor landscape. It compiles exhaustive information sourced via proven research methodologies. The information of the Drug Discovery Services market is accessible in a logical chapter-wise format.
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Companies Profiled in this report includes, Albany Molecular Research Inc., Charles River Laboratories International, Evotec, GenScript, Covance, WuXi AppTec, Pharmaceutical Product Development LLC, Jubilant Biosys, GE Healthcare, Merck, Piramal Enterprise, Advinus Therapeutics, and others.
By type, the drug discovery services market is segmented into medicinal chemistry, biology services, and drug metabolism and pharmacokinetics (DMPK). The medicinal chemistry segment is expected to register the highest growth rate during the forecast period. Increasing R&D expenditure, growing number of drug discovery and developmental activities, and increasing inclination of pharmaceutical companies towards outsourcing are among the major factors driving the growth of the medicinal chemistry segment.
The Americas will be the major revenue contributor to the Drug Discovery Services market throughout the forecast period. The introduction of industrial robots on a large scale in factories and the replacement of traditional methods of manufacturing with robotic technology in the US, will drive the growth of the market in this region.
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The use of substantial sources and SWOT analysis aided in collecting substantiated and useful information for the market-oriented and methodical study of the growth of the Global Drug Discovery Services Market. With the gathered data, analysts were able to study the assets, flaws, trends, and threats of the Drug Discovery Services market in the last 6 years. The methodology used is out-and-out analysis of the various nitty-gritties of the market, the overall market size, supply sales, yearly sales etc.
This research report helps provide insights into innovations, opportunities and new development in the Drug Discovery Services and its connected industries. It includes vital trends and dynamics of the market at regional level for the given forecast period.
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Table of Contents
Global Drug Discovery Services Market Research Report
Chapter 1 Global Drug Discovery Services Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast