Drug Discovery Services: Global Strategic Business Report

Global Drug Discovery Services Market to Reach $61.1 Billion by 2030

The global market for Drug Discovery Services estimated at US$42.9 Billion in the year 2022, is projected to reach a revised size of US$61.1 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Medicinal Chemistry Services, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$31.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Biology Services segment is readjusted to a revised 4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $11.5 Billion, While China is Forecast to Grow at 8.2% CAGR

The Drug Discovery Services market in the U.S. is estimated at US$11.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$14.1 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.1 Billion by the year 2030.

Select Competitors (Total 33 Featured) -

• Albany Molecular Research Inc.
• Charles River Laboratories International Inc.
• Domainex
• Eurofins Scientific SE
• Evotec A.G.
• GenScript Biotech Corporation
• Jubilant Biosys Ltd.
• Laboratory Corporation of America Holdings
• Pharmaceutical Product Development LLC
• Piramal Enterprises Ltd.
• Selvita S.A.
• Thermo Fisher Scientific Inc.
• WuXi AppTec

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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