Global Market Size of Drug Discovery Services Market – 10 Year Market Forecast

Pharmaceuticals

Drug Discovery Services Market Size Forecast 2022-2029

In the fields of medicine, biotechnology and pharmacology, drug discovery is the procedure with the aid of which new candidate medicinal drugs are observed. Once a compound that fulfils all the criteria has been identified, the procedure of drug improvement continues and medical trials are developed if they’re successful. Representing the majority of the market shares and gaining the maximum market revenues, APAC is expected to dominate the market over the forecast period. The market size in 2022 is estimated to be USD 19.88 billion and is expected to grow up to USD 38.49 billion by 2029, registering a CAGR of 10%. The cumulative market size is calculated to be USD 232 billion.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database studies the ongoing trends within the market and updates the market information on a quarterly basis.
• Which therapeutic areas use drug discovery services?

• The therapeutic areas using drug discovery services are Oncology, Neurology, Infectious and Immune System Diseases, Digestive System Diseases, Cardiovascular Diseases and Other Therapeutic Areas
• Which is the largest segment of therapeutic area in the drug discovery services market?

• The largest segment of therapeutic area in the drug discovery services market is oncology.
• Which types of drug discovery services have been included in this report?

• Medicinal chemistry services, biology services, drug metabolism and pharmacokinetics (DMPK) are the types of drug discovery services included in the market report.
• What is the market breakdown based on drug type?

• The market breakdown based on drug type is as small molecule drugs and biologic drugs.

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