Drug Discovery Outsourcing Market Synopsis:

Drug Discovery Outsourcing Market Size Was Valued at USD 3.64 Billion in 2023, and is Projected to Reach USD 6.81 Billion by 2032, Growing at a CAGR of 7.20% From 2024-2032.

The Drug Discovery Outsourcing Market corresponds to the outsourcing of different stages of drug discovery and development by numerous pharmaceutical outfits to third-party providers such as CROs. This market has been formed due to the raising need in economical and shortened ways of drug development, as well as the need for specific and high level knowledges and technologies. Outsourcing helps a company take advantage of outside expertise, decrease expenses, and quickly introduce new medications. These include increasing drug discovery challenges coupled with increasing research costs, development of biotechnology and AI that increases rate of success in discovery of new drugs.

The drug discovery outsourcing business market is growing exceedingly fast due to the rising need for efficient and economical drug development solutions. Mapping a third party to handle with drug discovery services has a ripple effect of making out with research and development costs, timely marketing possession and development of skillfulness. The financial problems of pharmaceutical companies, as well as the development of drug discovery as a multifaceted and lengthy process, cause increasing use of outsourcing strategies with regard to risk management. There has been an increase in collaborations with contract research organizations (CROs), contract development and manufacturing organizations (CDMOs) and universities, to address the needs of novel treatments.

The market is divided by services such as target identification and validation, hit-to-lead identification, lead optimization and pre-clinical services. In this way, outsourcing of these services enables the companies to more effectively run every link of the pipeline of drug discovery, with preference to the primary research phase. Also there is geographical factor indicating that North America and Europe are important locations due to developed healthcare system, high research expenditure on pharma companies and sound outsourcing markets. Nonetheless, the market also has its problems like regulatory issues, the patent question and such aspects as increased sophistication of biological targets . Nonetheless, the rising trend of pharmacogenomics and personalized medicine coupled with the augmented application of technology like artificial intelligent (AI) and high throughput screening is helping the drug discovery outsourcing market to grow.

Drug Discovery Outsourcing Market

Drug Discovery Outsourcing Market Trend Analysis:

Trend

Leveraging Expertise and Advancing Efficiency

  • Contracting the outsourcing of drug discovery has developed into a sound business model among the drug manufacturers and biotechnology companies. These are high throughput screening, molecular modeling and bioinformatics which are vital in priming the identification of better drug assortment in an efficient way. Given the generally escalating cost of drug development, companies often lack adequate internal resources to maintain teams of researchers adequate to tackle the difficult and time-consuming nature of drug discovery presently. Through outsourcing with CROs, a contractor can utilize advanced technology and expertise in a particular field without capital investment on such facilities. CROs have specific skills in several critical areas such as; preclinical, clinical development and data analysis, thus making them valuable for early development phases of firms.
  • Outsourcing also points towards major operational benefits where it is linked with rationalization of processes, shortening of the development time and where facilitation of core activities are involved. It benefits the pharmaceutical companies that outsource certain activities to CROs increasing the speed of drug development and reaching more patients with needed medicines more quickly. Furthermore, when applied to Fictional Company, this model enables it to extend its research capacity rapidly thereby responding to new scientific demands and market requirements that the company may not have to deal with internally large research teams. Outsourcing is further expected to progress at a higher rate as the pharmaceutical development process becomes more complex, and companies focus on controlling their expenditures.

Opportunity

Cost Reduction and Accelerated Time-to-Market

  • Undoubtedly, one of the major drivers for growth in the Drug Discovery Outsourcing Market is the growing operational pressure on pharmaceutical firms to lower their R&D expenses at the same time as shortening the cycle time for new drugs. Expenses for research and development for drugs have been escalating while commercialization has required increased speeds as well; this makes it necessary for companies to look for a way out. By outsourcing such processes as target identification, high through put screening and preclinical testing of samples, these companies are able to minimize these challenges. Companies can use contracting with CROs to operate on the advantages that include accessing excellent technology, highly specialized expertise, availability of scalable resources, and no need to establish in-house resources that might be costly to establish. This approach drastically minimizes overhead cost of drug discovery and also fast tracks the initial stages of development.
  • Furthermore, the selective outsourcing of the drug discovery functions enables firms to centralise their internal resources towards the final and most costly stages of the development process includingPhase II clinical trials and regulatory requirements. Apart from this, on the resource allocation aspect, it is useful for managing the R&D budget for drug development, it also helps in improving the companies’ position in the market, by permitting faster entry for new drugs into the market. The dependency on such CROs with the specialized knowledge as well as with the advanced technologies makes the drug discovery processes more efficient as well aseffective; this factor in turn, has contributed in the evolving concept of the outsourcing market. Consequently, outsourcing can deliver considerable potential for pharma organizations to decrease the cost of R&D, integrate the procedures, and acquire a stronger business position in the existing competitive pharmaceutical environment.

Drug Discovery Outsourcing Market Segment Analysis:

Drug Discovery Outsourcing Market Segmented on the basis of Workflow, Therapeutics Area , Service Type, End-user, and Region.

By Workflow, Target Identification & Screening segment is expected to dominate the market during the forecast period

  • Target identification and screening is the first step of drug discovery wherein researchers attempt to identify ‘molecular’ targets or biomolecules including proteins, genes or any other molecule which plays certain role in disease development. This is an essential process because determination of a correct target is critical for the generation of molecules that can modulate or interfere with the disease processes appropriately. Traditional approach involves identification of large numbers of compounds to screen against prospective targets and the outcomes from genomics, proteomics or any other ‘omics’ technologies help in filtering out the best ones according to need.
  • In one case, for getting evidence that the particular molecule being researched has the role of enzyme in the disease, researchers perform more validation once a target is discovered. Target Validation often requires experimental approach like the knock down or overexpression of the gene of interest in some cellular model and examine the alterations in the behavior of the disease state. Doing so is important so that the target is not only linked to the disease but also directly implicated in the development of the disease. Target validation cements the framework for drug development, and defines what remains in the drug design process, that is lead identification and development where other compounds are designed to interact with the target in a therapeutic way.

By Workflow, Target Identification & Screening segment expected to held the largest share

  • Chemistry services are required for the pharmaceutical and Biotechnological sectors, for a diverse market of customers, which need assistance from chemists for synthesis, formulation of drugs and testing. These services are very important to the pharmaceutical companies since they use the chemists to synthesize new drug candidates for effectiveness and safety of the compounds. These services also facilitate the improvement of the drug candidates, meaning that the molecules are stable, the molecules can be absorbed into the blood stream and are able to reach the target site. Companies engaged in biotechnology or biotechnology-based companies relying on exposure to biologic drugs or recombinant proteins similarly seek the help of chemistry services to develop formulation that will enhance the stability and delivery of these substantially resistant and large molecules.
  • Secondly research oriented institutions including academic institutions and contract research organizations (CROs) engage chemistry service providers to gain insights and access to certain chemistries, tools and expertise. These research entities may need to employ complex chemistry for discovery of new drug targets or for the synthesis of molecules for before high-throughput screening. For example, synthetic chemistry capacity is vital during target discovery to discover the small molecules that interact with certain diseases. Furthermore, formulation development services help research organizations to study the pharmacokinetics and the release profiles of the developed drugs, thus help in moving up from a bench to clinical trial.

Drug Discovery Outsourcing Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • Even in North American region, Drug Discovery Outsourcing market is growing rapidly especially in the United States because of the many Pharmaceuticals & Biotechnology majors. Outsourcing is becoming popular among these companies as a strategic plan of cutting expenses to boost efficiency in drug discovery. This way, the American firms can subcontract the research process in CROs and the drug manufacturing process in CDMOs, beneficiaries of new genomics, bioinformatics, and high-throughput screening that can be hardly affordable to develop internally. To avoid high expenses and increase their efficiency, pharmaceutical industries are outsourcing developmental processes such as drug filtering, preclinical trial, and clinical trial.
  • Besides, North America enjoys diligence in regulatory framework and the advanced infrastructure provides added support to amplify the drug discovery outsourcing in the region. The United States has numerous research centers and universities and several health care facilities that engage in innovation and collaboration with CRO. A well developed legal environment of the region which also includes strong IP and regulatory regimes make outsourcing contracts safe and predictable. This trend will reach a disaster, as the development cycle for new drugs become shorter and cost become even more important factor, the outsourcing market, particularly in North Americ will further grow, as more pharma companies turn out to third parties to drive the market of new drugs.

Active Key Players in the Drug Discovery Outsourcing Market

  • Albany Molecular Research Inc.
  • EVOTEC
  • Laboratory Corporation of America Holdings
  • GenScript
  • Pharmaceutical Product Development, LLC
  • Charles River
  • WuXi AppTec
  • Merck & Co., Inc.
  • Thermo Fisher Scientific Inc.
  • Dalton Pharma Services
  • Oncodesign
  • Jubilant Biosys
  • DiscoverX Corp.
  • QIAGEN
  • Eurofins SE
  • Syngene International Limited
  • Dr. Reddy Laboratories Ltd.
  • Pharmaron Beijing Co., Ltd.
  • TCG Lifesciences Pvt Ltd.
  • Domainex Ltd.
  • Other Active Players

Drug Discovery Outsourcing Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 3.64 Billion

Forecast Period 2024-32 CAGR:

 7.20%

Market Size in 2032:

USD 6.81 Billion

Segments Covered:

By Workflow

  • Target Identification & Screening
  • Target Validation & Functional Informatics
  • Lead Identification & Candidate Optimization
  • Preclinical Development
  • Other Associated Workflow

By Therapeutics Area

  • Respiratory system
  • Pain and Anesthesia
  • Oncology
  • Ophthalmology
  • Hematology
  • Cardiovascular
  • Endocrine
  • Gastrointestinal
  • Immunomodulation
  • Anti-infective
  • Central Nervous System
  • Dermatology
  • Genitourinary System

By Therapeutics Area

  • Small Molecules
  • Large Molecules (Biopharmaceuticals)

By Service Type

  • Chemistry Services
  • Biology Services

By End-user

  • Chemistry Services
  • Biology Services

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Cost-Effectiveness

Key Market Restraints:

  • Quality Control and Compliance Risks

Key Opportunities:

  • Growing Biopharma Industry

Companies Covered in the report:

  •  Albany Molecular Research Inc.; EVOTEC; Laboratory Corporation of America Holdings; GenScript; Pharmaceutical Product Development, LLC; Charles River; WuXi AppTec; Merck & Co., Inc.; Thermo Fisher Scientific Inc.; Dalton Pharma Services; Oncodesign; Jubilant Biosys; DiscoverX Corp.; QIAGEN; Eurofins SE, Syngene International Limited; Dr. Reddy Laboratories Ltd., Pharmaron Beijing Co., Ltd.; TCG Lifesciences Pvt Ltd.; Domainex Ltd. and Other Active Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Drug Discovery Outsourcing Market by Workflow
 4.1 Drug Discovery Outsourcing Market Snapshot and Growth Engine
 4.2 Drug Discovery Outsourcing Market Overview
 4.3 Target Identification & Screening
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Target Identification & Screening: Geographic Segmentation Analysis
 4.4 Target Validation & Functional Informatics
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Target Validation & Functional Informatics: Geographic Segmentation Analysis
 4.5 Lead Identification & Candidate Optimization
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Lead Identification & Candidate Optimization: Geographic Segmentation Analysis
 4.6 Preclinical Development and Other Associated Workflow
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Preclinical Development and Other Associated Workflow: Geographic Segmentation Analysis

Chapter 5: Drug Discovery Outsourcing Market by Therapeutics Area
 5.1 Drug Discovery Outsourcing Market Snapshot and Growth Engine
 5.2 Drug Discovery Outsourcing Market Overview
 5.3 Respiratory system
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Respiratory system: Geographic Segmentation Analysis
 5.4 Pain and Anesthesia
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Pain and Anesthesia: Geographic Segmentation Analysis
 5.5 Oncology
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Oncology: Geographic Segmentation Analysis
 5.6 Ophthalmology
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Ophthalmology: Geographic Segmentation Analysis
 5.7 Hematology
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Hematology: Geographic Segmentation Analysis
 5.8 Cardiovascular
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Cardiovascular: Geographic Segmentation Analysis
 5.9 Endocrine
  5.9.1 Introduction and Market Overview
  5.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.9.3 Key Market Trends, Growth Factors and Opportunities
  5.9.4 Endocrine: Geographic Segmentation Analysis
 5.10 Gastrointestinal
  5.10.1 Introduction and Market Overview
  5.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.10.3 Key Market Trends, Growth Factors and Opportunities
  5.10.4 Gastrointestinal: Geographic Segmentation Analysis
 5.11 Immunomodulation
  5.11.1 Introduction and Market Overview
  5.11.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.11.3 Key Market Trends, Growth Factors and Opportunities
  5.11.4 Immunomodulation: Geographic Segmentation Analysis
 5.12 Anti-infective
  5.12.1 Introduction and Market Overview
  5.12.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.12.3 Key Market Trends, Growth Factors and Opportunities
  5.12.4 Anti-infective: Geographic Segmentation Analysis
 5.13 Central Nervous System
  5.13.1 Introduction and Market Overview
  5.13.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.13.3 Key Market Trends, Growth Factors and Opportunities
  5.13.4 Central Nervous System: Geographic Segmentation Analysis
 5.14 Dermatology and Genitourinary System
  5.14.1 Introduction and Market Overview
  5.14.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.14.3 Key Market Trends, Growth Factors and Opportunities
  5.14.4 Dermatology and Genitourinary System: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Drug Discovery Outsourcing Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions  
 6.2 ALBANY MOLECULAR RESEARCH INC.
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 EVOTEC
 6.4 LABORATORY CORPORATION OF AMERICA HOLDINGS
 6.5 GENSCRIPT
 6.6 PHARMACEUTICAL PRODUCT DEVELOPMENT LLC
 6.7 CHARLES RIVER
 6.8 WUXI APPTEC
 6.9 MERCK & CO. INC.
 6.10 THERMO FISHER SCIENTIFIC INC.
 6.11 DALTON PHARMA SERVICES
 6.12 ONCODESIGN
 6.13 JUBILANT BIOSYS
 6.14 DISCOVERX CORP.
 6.15 QIAGEN
 6.16 EUROFINS SE
 6.17 SYNGENE INTERNATIONAL LIMITED
 6.18 DR. REDDY LABORATORIES LTD.
 6.19 PHARMARON BEIJING CO. LTD.
 6.20 TCG LIFESCIENCES PVT LTD.
 6.21 DOMAINEX LTD
 6.22 OTHER ACTIVE PLAYERS

Chapter 7: Global Drug Discovery Outsourcing Market By Region
 7.1 Overview
7.2. North America Drug Discovery Outsourcing Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Workflow
  7.2.4.1 Target Identification & Screening
  7.2.4.2 Target Validation & Functional Informatics
  7.2.4.3 Lead Identification & Candidate Optimization
  7.2.4.4 Preclinical Development and Other Associated Workflow
  7.2.5 Historic and Forecasted Market Size By Therapeutics Area
  7.2.5.1 Respiratory system
  7.2.5.2 Pain and Anesthesia
  7.2.5.3 Oncology
  7.2.5.4 Ophthalmology
  7.2.5.5 Hematology
  7.2.5.6 Cardiovascular
  7.2.5.7 Endocrine
  7.2.5.8 Gastrointestinal
  7.2.5.9 Immunomodulation
  7.2.5.10 Anti-infective
  7.2.5.11 Central Nervous System
  7.2.5.12 Dermatology and Genitourinary System
  7.2.6 Historic and Forecast Market Size by Country
  7.2.6.1 US
  7.2.6.2 Canada
  7.2.6.3 Mexico
7.3. Eastern Europe Drug Discovery Outsourcing Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Workflow
  7.3.4.1 Target Identification & Screening
  7.3.4.2 Target Validation & Functional Informatics
  7.3.4.3 Lead Identification & Candidate Optimization
  7.3.4.4 Preclinical Development and Other Associated Workflow
  7.3.5 Historic and Forecasted Market Size By Therapeutics Area
  7.3.5.1 Respiratory system
  7.3.5.2 Pain and Anesthesia
  7.3.5.3 Oncology
  7.3.5.4 Ophthalmology
  7.3.5.5 Hematology
  7.3.5.6 Cardiovascular
  7.3.5.7 Endocrine
  7.3.5.8 Gastrointestinal
  7.3.5.9 Immunomodulation
  7.3.5.10 Anti-infective
  7.3.5.11 Central Nervous System
  7.3.5.12 Dermatology and Genitourinary System
  7.3.6 Historic and Forecast Market Size by Country
  7.3.6.1 Russia
  7.3.6.2 Bulgaria
  7.3.6.3 The Czech Republic
  7.3.6.4 Hungary
  7.3.6.5 Poland
  7.3.6.6 Romania
  7.3.6.7 Rest of Eastern Europe
7.4. Western Europe Drug Discovery Outsourcing Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Workflow
  7.4.4.1 Target Identification & Screening
  7.4.4.2 Target Validation & Functional Informatics
  7.4.4.3 Lead Identification & Candidate Optimization
  7.4.4.4 Preclinical Development and Other Associated Workflow
  7.4.5 Historic and Forecasted Market Size By Therapeutics Area
  7.4.5.1 Respiratory system
  7.4.5.2 Pain and Anesthesia
  7.4.5.3 Oncology
  7.4.5.4 Ophthalmology
  7.4.5.5 Hematology
  7.4.5.6 Cardiovascular
  7.4.5.7 Endocrine
  7.4.5.8 Gastrointestinal
  7.4.5.9 Immunomodulation
  7.4.5.10 Anti-infective
  7.4.5.11 Central Nervous System
  7.4.5.12 Dermatology and Genitourinary System
  7.4.6 Historic and Forecast Market Size by Country
  7.4.6.1 Germany
  7.4.6.2 UK
  7.4.6.3 France
  7.4.6.4 The Netherlands
  7.4.6.5 Italy
  7.4.6.6 Spain
  7.4.6.7 Rest of Western Europe
7.5. Asia Pacific Drug Discovery Outsourcing Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Workflow
  7.5.4.1 Target Identification & Screening
  7.5.4.2 Target Validation & Functional Informatics
  7.5.4.3 Lead Identification & Candidate Optimization
  7.5.4.4 Preclinical Development and Other Associated Workflow
  7.5.5 Historic and Forecasted Market Size By Therapeutics Area
  7.5.5.1 Respiratory system
  7.5.5.2 Pain and Anesthesia
  7.5.5.3 Oncology
  7.5.5.4 Ophthalmology
  7.5.5.5 Hematology
  7.5.5.6 Cardiovascular
  7.5.5.7 Endocrine
  7.5.5.8 Gastrointestinal
  7.5.5.9 Immunomodulation
  7.5.5.10 Anti-infective
  7.5.5.11 Central Nervous System
  7.5.5.12 Dermatology and Genitourinary System
  7.5.6 Historic and Forecast Market Size by Country
  7.5.6.1 China
  7.5.6.2 India
  7.5.6.3 Japan
  7.5.6.4 South Korea
  7.5.6.5 Malaysia
  7.5.6.6 Thailand
  7.5.6.7 Vietnam
  7.5.6.8 The Philippines
  7.5.6.9 Australia
  7.5.6.10 New Zealand
  7.5.6.11 Rest of APAC
7.6. Middle East & Africa Drug Discovery Outsourcing Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Workflow
  7.6.4.1 Target Identification & Screening
  7.6.4.2 Target Validation & Functional Informatics
  7.6.4.3 Lead Identification & Candidate Optimization
  7.6.4.4 Preclinical Development and Other Associated Workflow
  7.6.5 Historic and Forecasted Market Size By Therapeutics Area
  7.6.5.1 Respiratory system
  7.6.5.2 Pain and Anesthesia
  7.6.5.3 Oncology
  7.6.5.4 Ophthalmology
  7.6.5.5 Hematology
  7.6.5.6 Cardiovascular
  7.6.5.7 Endocrine
  7.6.5.8 Gastrointestinal
  7.6.5.9 Immunomodulation
  7.6.5.10 Anti-infective
  7.6.5.11 Central Nervous System
  7.6.5.12 Dermatology and Genitourinary System
  7.6.6 Historic and Forecast Market Size by Country
  7.6.6.1 Turkiye
  7.6.6.2 Bahrain
  7.6.6.3 Kuwait
  7.6.6.4 Saudi Arabia
  7.6.6.5 Qatar
  7.6.6.6 UAE
  7.6.6.7 Israel
  7.6.6.8 South Africa
7.7. South America Drug Discovery Outsourcing Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Workflow
  7.7.4.1 Target Identification & Screening
  7.7.4.2 Target Validation & Functional Informatics
  7.7.4.3 Lead Identification & Candidate Optimization
  7.7.4.4 Preclinical Development and Other Associated Workflow
  7.7.5 Historic and Forecasted Market Size By Therapeutics Area
  7.7.5.1 Respiratory system
  7.7.5.2 Pain and Anesthesia
  7.7.5.3 Oncology
  7.7.5.4 Ophthalmology
  7.7.5.5 Hematology
  7.7.5.6 Cardiovascular
  7.7.5.7 Endocrine
  7.7.5.8 Gastrointestinal
  7.7.5.9 Immunomodulation
  7.7.5.10 Anti-infective
  7.7.5.11 Central Nervous System
  7.7.5.12 Dermatology and Genitourinary System
  7.7.6 Historic and Forecast Market Size by Country
  7.7.6.1 Brazil
  7.7.6.2 Argentina
  7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research

Drug Discovery Outsourcing Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 3.64 Billion

Forecast Period 2024-32 CAGR:

 7.20%

Market Size in 2032:

USD 6.81 Billion

Segments Covered:

By Workflow

  • Target Identification & Screening
  • Target Validation & Functional Informatics
  • Lead Identification & Candidate Optimization
  • Preclinical Development
  • Other Associated Workflow

By Therapeutics Area

  • Respiratory system
  • Pain and Anesthesia
  • Oncology
  • Ophthalmology
  • Hematology
  • Cardiovascular
  • Endocrine
  • Gastrointestinal
  • Immunomodulation
  • Anti-infective
  • Central Nervous System
  • Dermatology
  • Genitourinary System

By Therapeutics Area

  • Small Molecules
  • Large Molecules (Biopharmaceuticals)

By Service Type

  • Chemistry Services
  • Biology Services

By End-user

  • Chemistry Services
  • Biology Services

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Cost-Effectiveness

Key Market Restraints:

  • Quality Control and Compliance Risks

Key Opportunities:

  • Growing Biopharma Industry

Companies Covered in the report:

  •  Albany Molecular Research Inc.; EVOTEC; Laboratory Corporation of America Holdings; GenScript; Pharmaceutical Product Development, LLC; Charles River; WuXi AppTec; Merck & Co., Inc.; Thermo Fisher Scientific Inc.; Dalton Pharma Services; Oncodesign; Jubilant Biosys; DiscoverX Corp.; QIAGEN; Eurofins SE, Syngene International Limited; Dr. Reddy Laboratories Ltd., Pharmaron Beijing Co., Ltd.; TCG Lifesciences Pvt Ltd.; Domainex Ltd. and Other Active Players.

Frequently Asked Questions :

What would be the forecast period in the Drug Discovery Outsourcing Market research report?
The forecast period in the Drug Discovery Outsourcing Market research report is 2024-2032.
Who are the key players in the Drug Discovery Outsourcing Market?
Albany Molecular Research Inc.; EVOTEC; Laboratory Corporation of America Holdings; GenScript; Pharmaceutical Product Development, LLC; Charles River; WuXi AppTec; Merck & Co., Inc.; Thermo Fisher Scientific Inc.; Dalton Pharma Services; Oncodesign; Jubilant Biosys; DiscoverX Corp.; QIAGEN; Eurofins SE, Syngene International Limited; Dr. Reddy Laboratories Ltd., Pharmaron Beijing Co., Ltd.; TCG Lifesciences Pvt Ltd.; Domainex Ltd. and Other Active Players.
What are the segments of the Drug Discovery Outsourcing Market?
The Drug Discovery Outsourcing Market is segmented into By Workflow, By Therapeutics Area, By Therapeutics Area, By Service Type, By End-user and region. By Workflow, the market is categorized into Target Identification & Screening, Target Validation & Functional Informatics, Lead Identification & Candidate Optimization, Preclinical Development and Other Associated Workflow. By Therapeutics Area, the market is categorized into Respiratory system, Pain and Anesthesia, Oncology, Ophthalmology, Hematology, Cardiovascular, Endocrine, Gastrointestinal, Immunomodulation, Anti-infective, Central Nervous System, Dermatology and Genitourinary System. By Therapeutics Area, the market is categorized into Small Molecules and Large Molecules (Biopharmaceuticals). By Service Type, the market is categorized into Chemistry Services and Biology Services. By End-user, the market is categorized into Chemistry Services and Biology Services. By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
What is the Drug Discovery Outsourcing Market?
The Drug Discovery Outsourcing Market refers to the practice of pharmaceutical companies contracting third-party service providers to handle various stages of the drug discovery process, including target identification, lead discovery, preclinical testing, and clinical trial support. This market has grown due to the increasing demand for cost-effective and time-efficient solutions in drug development, as well as the need for specialized expertise and advanced technologies. Outsourcing enables companies to leverage external resources, reduce operational costs, and accelerate time-to-market for new drugs. The market is driven by factors such as the growing complexity of drug discovery, rising research and development costs, and advancements in biotechnology and AI, which enhance the efficiency and success rates of drug development.
How big is the Drug Discovery Outsourcing Market?
Drug Discovery Outsourcing Market Size Was Valued at USD 3.64 Billion in 2023, and is Projected to Reach USD 6.81 Billion by 2032, Growing at a CAGR of 7.20% From 2024-2032.