Global Drug Discovery Services Market Is To Witness Robust Growth, Registering CAGR Of 8.9% By 2026

Healthcare

According to a study by Fact.MR, the global market for drug discovery services is likely to experience strong growth.

By 2026 end, the global market for drug discovery services is also estimated to bring in US$ 16,800.1 million revenue.

Advancements in the drug discovery technologies are leading to the better drug discovery services.

The Demand analysis of Drug Discovery Services Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Drug Discovery Services Market across the globe.

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Competitive Landscape

The global market for Drug Discovery Services is extremely fragmented, with several large firms.

  • Eurofins Discovery and PharmaResouces announced cooperation in February 2020 to construct a combined drug discovery platform to accelerate the development of small-molecule pharmaceuticals.

Drug Discovery Services Market Revenue Analysis 2015-2021 vs. Future Outlook 2022-2032

According to Fact.MR, the global market for drug discovery services is expected to increase rapidly. The global market for drug discovery services is expected to generate US$ 50 Billion in sales by the end of 2032. Advances in drug discovery technology are resulting in improved drug discovery services.

Some of the market’s forthcoming trends in drug discovery technology include regulatory initiatives toward Pharmacogenomic technology, combinatorial chemistry technology, and so on. There has also been a rise in the use of label-free methods. Increased R&D efforts and spending, as well as pharmaceutical businesses shifting to outsourcing, are some of the causes driving the expansion of drug discovery services.

 

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