New York, July 18, 2018:  The Drug Discovery Services Market is segmented on the lines of its type, drug type, therapeutic area and regional. Based on type it covers Medicinal Chemistry, Biology Services and Drug Metabolism and Pharmacokinetics (DMPK).Based on drug type it covers Small Molecules and Biologics. Based on therapeutic area it covers Oncology, Neurology, Cardiovascular Diseases, Respiratory Diseases, Diabetes and Other Therapeutic Areas. The Drug Discovery Services Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    The scope of the report includes a detailed study of Drug Discovery Services Market with the reasons given for variations in the growth of the industry in certain regions.

    The Drug Discovery Services Market is expected to exceed more than US$ 14.5 Billion by 2024 at a CAGR of 11% in the given forecast period.

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    The major factors driving the expansion of this market are increasing analysis and development expenditure, inclination of major pharmaceutical companies towards outsourcing to avoid hurdles and increasing demand for outsourcing of analytical testing and clinical test services. However, the high value concerned in drug discovery and development, demanding regulations governing drug discovery, and animal usage are restraining the expansion of this market.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report Thermo Fisher Scientific, Merck, Healthcare, Albany Molecular Research, Inc, Charles River Laboratories International, Evotec, Pharmaceutical Product Development, LLC, Jubilant Biosys, Covance, Genscript Biotech Corporation, Aurigene Discovery Technologies and Wuxi Apptec. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

    The Drug Discovery Services Market has been segmented as below:

    The Drug Discovery Services Market is Segmented on the lines of Type, Drug Type, Therapeutic Area and Regional Analysis. By Type this market is segmented on the basis of Medicinal Chemistry, Biology Services and Drug Metabolism and Pharmacokinetics (DMPK). By Drug Type this market is segmented on the basis of Small Molecules and Biologics.

    By Therapeutic Area this market is segmented on the basis of Oncology, Neurology, Cardiovascular Diseases, Respiratory Diseases, Diabetes and Other Therapeutic Areas. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.

    This report provides:

    1) An overview of the global market for Drug Discovery Services Marketand related technologies.
    2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
    3) Identifications of new market opportunities and targeted promotional plans for Drug Discovery Services Market.

    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

    The major driving factors of Drug Discovery Services Market are as follows:

    • Increasing R&D Expenditure
    • Initiatives for Research on Rare Diseases

    The major restraints factors of Drug Discovery Services Market are as follows:

    • High Cost of Drug Discovery and Development

    Reasons to Buy this Report:

    1) Obtain the most up to date information available on all Drug Discovery Services Market.

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    3) Facilitate decision making on the basis of strong historic and forecast of Drug Discovery Services Market.

    4) Assess your competitor’s refining portfolio and its evolution.

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    Table of Contents

    1. Introduction
    2. Research Methodology
    3. Summary with Insights
    4. Market Overview
    5. Drug Discovery Services Market Analysis, By Type
    6. Drug Discovery Services Market Analysis, By Drug Type
    7. Drug Discovery Services Market Analysis, By Therapeutic Area
    8. Drug Discovery Services Market Analysis, By Region
    9. Competitive Overview
    10. Company Profiles

    10.1    Merck

    10.2    Healthcare

    10.3    Evotec

    10.4    Thermo Fisher Scientific

    10.5    Aurigene Discovery Technologies

    10.6    Charles River Laboratories International

    10.7    Wuxi Apptec

    10.8    Pharmaceutical Product Development, LLC.

    10.9    Jubilant Biosys

    10.10    Albany Molecular Research, Inc.

    10.11    Covance

    10.12    Genscript Biotech Corporation

     

     

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    Source: http://www.financeswire.com/drug-discovery-services-market-is-worth-us-14-5-billion-by-2024