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.
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.
Browse Full Report with TOC: http://www.transparencymarketresearch.com/drug-discovery-outsourcing.html
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.
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.
Download PDF : Drug Discovery Outsourcing Market
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
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 making informed business
decisions by having complete insights of market and by making in-depth analysis
of market segments
More Reports On Pharmaceutical
Market: http://www.transparencymarketresearch.com/pharmaceutical-market-reports-1.html
About
Us:-
Transparency
Market Research (TMR) is a market intelligence company providing global
business research reports and consulting services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking insights
for thousands of decision-makers.
TMR’s
experienced team of analysts, researchers, and consultants use proprietary data
sources along with various tools and techniques to gather and analyze
information. Our business offerings represent the latest and the most reliable
information which is indispensable for businesses to sustain their competitive
edge.
Our
data repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information. With
broad research and analysis capability, Transparency Market Research employs
rigorous primary and secondary research techniques in developing distinctive
data sets and research material for business reports.
Contact Us
Sheela AK
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
Browse
Market Researche Report:-
No comments:
Post a Comment