Drug Discovery Services refer to as the outsourcing the process of development of a new medicine. These services minimize the costs and timelines of drug discovery. The most common methods employed for drug discoveries are molecular manipulation, drug metabolites, random screening, molecular designing, and serendipity.
The Global Drug Discovery Services Market is growing at a rapid pace; mainly due to the burgeoning healthcare sector. The market is predominantly driven by the augmented demand and supply for the medicines, the generic drugs, and the growing number of patents expires.
Industry Segmentation
By Drug Type: Small Molecule Drug, and Biologics.
By Types of Services: Drug Metabolism & Pharmacokinetics (DMPK) Services, Pharmaceutical Services, Medicinal Chemistry, and Biological Services and others.
By Therapeutic Area: Oncology, Neurology, Cardiovascular Diseases, Respiratory Diseases, and Diabetes among others.
By Process: Target Selection, Target Validation, Hit-To-Lead Identification, Lead Optimization, and Candidate Validation among others.
By Technology: High Throughput Screening, Biochips, Pharmacogenomics & Pharmacogenetics, Combinatorial Chemistry, Nanotechnology, Spectroscopy, and Metabolomics among others.
By End-user: Hospitals & Clinics, Pharmaceutical Companies, Biotechnology Companies, and Research Institutes, among others.
By Regions: Europe, North America, APAC and the Rest-of-the-World.
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Industry/ Innovation/ Related News:
November 27, 2018 – Cyclica Inc. (Canada), a leading provider of bioinformatics and computational systems biology solutions for the pharmaceutical industry announced its collaboration with Bayer AG (Germany), a multinational pharmaceutical and life sciences company to advance drug discovery. The collaboration will involve looking further into polypharmacological profiles of small molecules.
November 07, 2018 – Genesis Drug Discovery & Development (US), a contract research organization (CRO) contract research organization (CRO) announced its partnership with the Yale University (US), a private Ivy League research university to strengthen its drug discovery services.
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