Drug Discovery Services Market 2021 Industry Development, Analysis of Driving Factors and Growth Forecast to 2028

Drug discovery is the process by which drugs are discovered and formulated or designed for the pharmaceutical and biotechnology and biopharmaceutical industry. Drug discovery process involves identification of applicants, synthesis, characterization, screening, and assays for therapeutic efficacy. After the identification of the molecule for the development, they conduct experiments to gather further information.

The drug discovery services market is expected to grow during the forecast period owing to driving factors such as rising prevalence of chronic diseases, acute diseases, rise in the pharmaceutical and biotechnology industry among the others. The developing regions are likely to offer growth opportunities for the market in the forecast period.

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Key Players in the Drug Discovery Services Market:  Covance Inc., Evotec, Merck KGaA, Thermo Fisher Scientific Inc, GenScript, Domainex, WuXi AppTec, Selcia Limited, Charles River, SRI International

Highlights the following key factors:

1) Business Description – A detailed description of the company’s operations and divisions.
2) Corporate Strategy – Analysts’ summary of the company’s business strategy.

3) SWOT Analysis – A detailed analysis of the company’s strengths, weaknesses, opportunities and threats.
4) Company history – history of important events related to the company.
5) Major Products and Services – A list of the company’s major products, services, and brands.
6) Main Competitors – A list of the company’s main competitors.
7) Major Locations and Subsidiaries – A list and contact details of the company’s major locations and subsidiaries.

8) Detailed Financial Figures for the Last Five Years – The latest financial figures derived from the company’s annual financial statements with a 7-year history.

Market segmentation

The global drug discovery services market is segmented on the basis of type, drug type, and therapeutic area. Based on type, the market is segmented as biology services, medicinal chemistry and drug metabolism and pharmacokinetics. On the basis of the drug type the segment is classified as biologics and small molecules. Similarly, on the basis of therapeutic area the segment is divided into cardiovascular diseases, oncology, neurology, diabetes, respiratory diseases and others.

The report provides key drivers that are driving the growth of the global Drug Discovery Services market. This information helps market participants to develop strategies to gain market presence. The investigation also revealed the limitations of the market. Opportunity information is mentioned to help market participants take further action by identifying potential in untapped regions.

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