Drug Discovery Outsourcing Market by Product and Geography - Forecast and Analysis 2021-2025

The drug discovery outsourcing market share is expected to increase by USD 1.42 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.29%.

This drug discovery outsourcing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers drug discovery outsourcing market segmentations by product (small molecules and biologics) and geography (North America, Europe, Asia, and ROW). The drug discovery outsourcing market report also offers information on several market vendors, including Albany Molecular Research Inc., Aragen Life Sciences Pvt. Ltd., Charles River Laboratories International Inc., Domainex, Eurofins Scientific SE, Evotec SE, GenScript Biotech Corp., Laboratory Corp. of America Holdings, QIAGEN NV, and Thermo Fisher Scientific Inc. among others.

What will the Drug Discovery Outsourcing Market Size be During the Forecast Period?

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"The presence of key vendors and the rising demand for analytical methods such as characterization, process monitoring, release testing, and stability assessment will facilitate the pharmaceutical analytical testing outsourcing market growth in North America over the forecast period." 

Drug Discovery Outsourcing Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The prioritization of core competencies is notably driving the drug discovery outsourcing market growth, although factors such as limited manufacturing standardization may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the drug discovery outsourcing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This drug discovery outsourcing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Drug Discovery Outsourcing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Albany Molecular Research Inc.
• Aragen Life Sciences Pvt. Ltd.
• Charles River Laboratories International Inc.
• Domainex
• Eurofins Scientific SE
• Evotec SE
• GenScript Biotech Corp.
• Laboratory Corp. of America Holdings
• QIAGEN NV
• Thermo Fisher Scientific Inc.

This statistical study of the drug discovery outsourcing market encompasses successful business strategies deployed by the key vendors. The drug discovery outsourcing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Thermo Fisher Scientific Inc.- The company offers drug discovery and Development products and resources such as Spheroid-Qualified Hepatocytes, HepExtend Supplement, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The drug discovery outsourcing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Drug Discovery Outsourcing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the drug discovery outsourcing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Drug Discovery Outsourcing Market?

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47% of the market’s growth will originate from North America during the forecast period. The US is the key market for the drug discovery outsourcing market in North America. Market growth in this region will be slower than the growth of the market in Asia. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Drug Discovery Outsourcing Market?

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The drug discovery outsourcing market share growth by the small molecules segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the drug discovery outsourcing market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Drug Discovery Outsourcing Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive drug discovery outsourcing market growth during the next five years
• Precise estimation of the drug discovery outsourcing market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the drug discovery outsourcing industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of drug discovery outsourcing market vendors

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