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Drug Discovery Services Market: Small Molecules Drug Type to Remain a Leading Revenue Contributor


Ongoing advancements in technology has led to a significant transformation in the pharmaceutical industry. With the growing prevalence of various diseases, scientists in pharmaceutical companies are focusing on developing effective treatment solutions. In order to offer better patient care, scientists are developing medications that shorten the treatment process. In addition, leading manufacturers are focusing on utilizing molecular biomarkers, which helps the scientists in understanding the preclinical and clinical information better. On the account of this, scientists in various pharmaceutical companies can develop effective drugs and therapies.

In order to attain a competitive edge in the global market, leading companies are focusing on incorporating innovative and advanced technological solutions. Scientists in major companies are adopting technological solutions such as fluorescence polarization, combinatorial chemistry technology, pharmacogenomics, and label-free techniques. Through development of innovative medications and therapies, pharmaceutical companies are focusing on expanding the customer base.

Over US$ 16,000 Mn Opportunity in Global Drug Discovery Services Market

According to Fact.MR, the global drug services discovery market is expected to reach a value of over US$ 16,000 Mn by 2026-end. Growing prevalence of various diseases such as cardiovascular, gastrointestinal, and chronic diseases has led to a surge in demand for effective treatment and medications. Major pharmaceutical companies are focusing on incorporating advanced technological solutions that offers accuracy while developing effective medications for various diseases. As treatment of cancer among individuals continue to remain a significant challenge in the healthcare industry, major manufacturers are concentrating on developing medications with small molecules. In addition, scientists are utilizing cutting-edge drug development technologies such as pharmacogenomics and combinatorial chemistry technology for accuracy during drug development process. With the adoption of these drug development technologies, scientists can develop drugs central to the growing health conditions and requirements of patients. To remain in the forefront of the global market, major pharmaceutical companies are focusing on developing innovative medications and therapies.

As the need for developing effective medications and therapies persist, scientists in major pharmaceutical companies are focusing on opting for the hit-to-lead identification process. In terms of revenue, the hit-to-lead identification process is expected to witness the highest growth in the global market by 2026-end. Demand for drug discovery services will continue to remain high for medicinal chemistry. By 2026-end, medicinal chemistry is expected to generate significant revenue growth in the global market. Also, with the surge in outsourcing of these services by pharmaceutical companies will also continue to contribute towards demand for medicinal chemistry drug discovery services.

With the growing demand for effective medicines for diseases such as cancer, scientists are focusing on developing small molecule medicines. In terms of revenue, small molecule drug type is expected to witness significant revenue growth in the global market by 2026-end. As these medicines are well-defined and simple, demand for small molecule medicines will continue to remain high in the global market. Demand for effective medications will be high for therapeutic areas such as oncology. By 2026-end, oncology will witness a robust revenue growth in the global market. 

Leading players in the global market are Merck Millipore, Thermo Fisher Scientific, Inc., GE Healthcare, Charles River Laboratories International, Albany Molecular Research, Inc. (AMRI), Evotec, Jubilant Biosys, Pharmaceutical Product Development, LLC. (Ppd), Covance, Aurigene Discovery Technologies, Genscript Biotech Corporation, Syngene, and Wuxi Apptec.

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