Global Drug Discovery Outsourcing Market Growth (Status and Outlook) 2024-2030

Global Drug Discovery Outsourcing Market Growth (Status and Outlook) 2024-2030

The global Drug Discovery Outsourcing market size is projected to grow from US$ 2844.3 million in 2023 to US$ 4352.4 million in 2030; it is expected to grow at a CAGR of 6.3% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Drug Discovery Outsourcing Industry Forecast” looks at past sales and reviews total world Drug Discovery Outsourcing sales in 2023, providing a comprehensive analysis by region and market sector of projected Drug Discovery Outsourcing sales for 2024 through 2030. With Drug Discovery Outsourcing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Drug Discovery Outsourcing industry.

This Insight Report provides a comprehensive analysis of the global Drug Discovery Outsourcing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Drug Discovery Outsourcing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Drug Discovery Outsourcing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Drug Discovery Outsourcing and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Drug Discovery Outsourcing.

The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.

This report presents a comprehensive overview, market shares, and growth opportunities of Drug Discovery Outsourcing market by product type, application, key players and key regions and countries.

Segmentation by type
Small Molecules
Biologics

Segmentation by application
Hospitals and Clinics
Pharmaceutical Companies
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Charles River Laboratories
Thermo Fisher Scientific
DomaineX
Evotec A.G.
GenScript
Abbott Laboratories
GVkBiosciences
Agilent Technologies
Shimadzu
Bio-Rad
PerkinElmer
AMRI Global
LabCorp
WuXi AppTec

Please note: The report will take approximately 2 business days to prepare and deliver.