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Global Drug Discovery Outsourcing Market to 2030: Players

Global Drug Discovery Outsourcing Market Report 2022: A $6 3 Billion Industry by 2030 with Small Molecules Dominating the Market in 2021

World Drug Discovery Outsourcing Markets 2022: Target

Global $5 4 Billion Drug Discovery Outsourcing Market to 2028

Share this article Share this article ResearchAndMarkets.com s offering. The global drug discovery outsourcing market size is expected to reach USD 5.4 billion by 2028 registering a CAGR of 7.4% over the forecast period. Drug discovery is a costly and lengthy process. This has forced pharmaceutical and biotech companies to opt for outsourcing their research activities to academic and private Contract Research Organizations (CROs). Thus, factors such as high R&D costs, patent expiration of best-selling drugs, and the need to speed up the drug discovery process, are expected to boost the demand for outsourcing of drug discovery in the coming years. Rising cases of chronic diseases have compelled companies to develop better medicines. Some of the key therapeutic areas where companies are actively involved in outsourcing include oncology, cardiovascular, and anti-infectives. In November 2020, AstraZeneca collaborated with 9 of the foremost oncology medical centers to expedite rese

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