Drug Discovery Outsourcing Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
Posted by : ptk
on 04:32
Drug discovery is a process of inventing a new medication in the field of pharmaceuticals, biotechnology and pharmacology. Drug discovery is a complex, lengthycomplicated and expensive process. This process is carried out in four stages namely, target identification, target validation, high-speed screening and lead optimization. Though advanced technologies are available, success rate of drug discovery is very low and the time involved is relatively high.
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The final stage of drug discovery involves obtaining a patent
and running clinical trials. Most of the drugs entering into clinical trials
fail and obsolete from the trials thus leading to waste of time, cost and
efforts. Generally, small pharmaceutical companies develop new drug molecules
and sell patent rights to big companies that can afford to conduct clinical
trials. In order to focus on core competencies such as manufacturing,
marketing and product labeling many companies outsource their drug discovery
processes.
Outsourcing of drug discovery saves time, cost and efforts of
the pharmaceutical and biological companies. On the other hand companies
providing outsourced services for drug discovery are equipped with developed
infrastructure, highly developed technological front and skilled expertise.
Rapidly progressing technologies, reduced turn-around time, increasing
strategic partnerships and development of biosimilars, biologics and orphan drugs
are some of the driving forces for the growth of the global drug discovery
outsourcing market.Though the market scope for drug discovery outsourcing
market is vast, increase in clinical research organizations (CROs), regional
expansion, niche CROs and public-private partnerships is leading to increased
competition that is restraining growth of this market.
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The market of drug discovery outsourcing is segmented depending
on various types of services offered such as:
Biological services
Chemical services
Lead Identification and screening
Lead optimization
Geographically, the global drug discovery outsourcing market
can be categorized into North America, Europe, Asia-Pacific and rest of the
world regions.North America currently leads this market and is followed by
Europe due to existence and early adoption of highly developed technologies
and supportive economy. Asia-Pacific is a promising market for drug discovery
outsourcing and is expected to undergo rapid market growth. Especially
countries like China and India are promising regions, reason being many small
biopharmaceutical companies prefer outsourcing their drug discovery activities
to CROs in China and India. Apart from nations in Asia-Pacific, countries such
as Russia and Ukraine will also show growth progress in the future.
Some of the market players in this industry segment are
Galapagos NV, WIL Research Laboratories LLC, Albany Molecular Research, Inc.
and Domainex, Ltd.
This research report analyzes this market depending on its
market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
·
North America
·
Asia Pacific
·
Europe
·
Rest of the World
This report provides comprehensive analysis of
·
Market growth
drivers
·
Factors limiting
market growth
·
Current market
trends
·
Market structure
·
Market projections
for upcoming years
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Complete Report with TOC:
This report is a complete study of current trends in the market,
industry growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in technology,
Porter’s five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
Reasons for Buying this Report
·
This report provides
pin-point analysis for changing competitive dynamics
·
It provides a forward
looking perspective on different factors driving or restraining market
growth
·
It provides a
technological growth map over time to understand the industry growth rate
·
It provides a
seven-year forecast assessed on the basis of how the market is predicted to
grow
·
It helps in
understanding the key product segments and their future
·
It provides pin point
analysis of changing competition dynamics and keeps you ahead of competitors
·
It helps in making
informed business decisions by having complete insights of market and by
making in-depth analysis of market segments
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