Drug Discovery Outsourcing Market Size & Demand by 2033

Between 2023 and 2033, the Global Drug Discovery Outsourcing Industry is projected to grow at a consistent compound annual growth rate of 7.2%. The market, which is projected to be valued at US$ 3.75 billion in 2023, is expected to surpass a market share of US$ 7.52 billion by 2033.

• Expanding the pharmaceutical industry and the higher penetration of digital technology and AI integration are transforming the market. Furthermore, the research and development procedure and the expansion of drug discovery vendors in emerging economies like China and India fuel the market growth.
• A massive portion of the research around small and large drug molecules (80%) is outsourced through pharma giants. This is due to the cheaper costs, easy workflow, increased workforce, and enhanced quality.
• The transformed drug industry with synergistic drugs and advanced anti-infection drugs is also shaping the market dynamics. At the same time, virus outbreaks such as Ebola and Coronavirus are increasing the market’s consumer base.
• Government policies integrate their medical policies, allowing pharma giants to collaborate and build the advanced drug discovery space. Thus, the demand for outsourced drug delivery services is in high demand.
• The surge in respiratory patients with issues like tuberculosis, bronchitis, etc., also consumes a big chunk of the market. These conditions have increased lately due to the post-corona impacts.

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Key Points

• The United States market leads the drug discovery outsourcing market in terms of market share in North America. The growth in the region is attributed to the expanding healthcare research budget, growing pharmaceutical companies, and strong bilateral business ties. The North American region held a substantial share of 35.5% in 2022.
• The United Kingdom drug discovery outsourcing market is another significant market from the European region. The market in the United Kingdom is owed by the technological integration and AI-enabled drug discovery programs that promote cruelty-less procedures.
• The Japan drug discovery outsourcing market is anticipated to thrive at a healthy CAGR during the forecast period. Asia Pacific region leads the market in terms of CAGR. The Japanese market expands based on increasing chronic diseases in the region and the higher geriatric population.
• By workflow type, the lead identification & candidate optimization segment held 32.3% in 2022. This is due to the enhanced selectivity and fewer side effects.

Global Drug Discovery Outsourcing Industry Competitive Landscape

The key vendors work on delivering solutions that are easily flexible, affordable, and of high quality. Key competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

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Global Drug Discovery Outsourcing Industry Key Players

• Albany Molecular Research Inc.
• EVOTEC
• Laboratory Corporation of America Holdings
• GenScript
• Pharmaceutical Product Development, LLC
• Charles River
• WuXi AppTec
• Merck & Co., Inc.
• Thermo Fisher Scientific Inc.
• Dalton Pharma Services
• Oncodesign
• Jubilant Biosys
• DiscoverX Corp.
• QIAGEN
• Eurofins SE
• Syngene International Limited
• Dr. Reddy Laboratories Ltd.
• Pharmaron Beijing Co., Ltd.
• TCG Lifesciences Pvt Ltd.
• Domainex Ltd.

Recent Developments in the Global Drug Discovery Outsourcing Industry

• Syngene International Limited has added the SynVent integrated drug discovery option, a fully integrated therapeutic discovery and development process. It is likely to deliver a more effective and efficient target validation method.
• Dr. Reddy Laboratories Ltd has signed a pact with EQRx, a biotechnology company, for the discovery, development, and commercialization.

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Global Drug Discovery Outsourcing Industry Segmentation

Workflow Outlook:

• Target Identification & Screening
• Target Validation & Functional Informatics
• Lead Identification & Candidate Optimization
• Preclinical Development
• Other Associated Workflow

Therapeutics Area Outlook:

• Respiratory system
• Pain and Anesthesia
• Oncology
• Ophthalmology
• Hematology
• Cardiovascular
• Endocrine
• Gastrointestinal
• Immunomodulation
• Anti-infective
• Central Nervous System
• Dermatology
• Genitourinary System

Drug Type Outlook:

• Small Molecules
• Large Molecules (Biopharmaceuticals)

Service Type Outlook:

• Chemistry Services
• Biology Services

End-user Outlook:

• Pharmaceutical & Biotechnology companies
• Academic Institutes
• Others

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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