2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Drivers Are Shaping the Growth and Development of theDrug Discovery Services Market?

The escalating emphasis on drug discovery trials is predicted to fuel the growth of the drug discovery services market. The life cycle of drug development plays a vital role in establishing safe and effective drug delivery, highlighting the growing importance of clinical trials in this process. As the significance of drug development and innovation in healthcare continues to rise, so does the global demand for drug discovery trials. For example, ClinicalTrials.gov, a site for registering clinical trials, reported an increase in the total number of trials from 365,000 in 2021 to 452,604 in May 2023. Hence, the intensified focus and attention to drug discovery trials are expected to stimulate the expansion of the drug discovery services market.

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How Will the Growth Rate of theDrug Discovery Services Market Impact Industry Trends by 2034?

Over the past few years, the size of the drug discovery services market has been expanding at a swift pace. It’s anticipated to increase from $18.27 billion in 2024 to $20.59 billion in 2025, showcasing a compound annual growth rate (CAGR) of 12.7%. This boosting growth over the historic period can be traced back to the surging R&D investment, the widening disease burden, supportive government funding and initiatives, the advent of contract research organizations (CROs), a shift towards personalized medicine, along with strategies of drug repurposing.

The market size for drug discovery services is predicted to undergo swift expansion in the coming years, reaching $33.88 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 13.3%. Factors contributing to the anticipated growth during this forecast period include changes in regulatory framework, progress in drug delivery systems, a surge in interest in immunotherapy, a shift in focus to RNA-based therapeutics, and a focus on targeting rare diseases. The forecast period is also expected to witness significant trends such as the adoption of cutting-edge technologies, expansion in the field of biologicals and biopharmaceuticals, the increased adoption of high-throughput screening, progress in virtual screening, and a focus on regenerative medicine.

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Which Cutting-Edge Market Trends Are Expected to Drive theDrug Discovery Services Market’s Growth?

Key corporations in the drug discovery services market are employing innovative technology such as artificial intelligence (AI) and machine learning (ML) to increase the proficiency and exactness of the drug discovery process. AI refers to creating computer systems capable of executing tasks that normally demand human intelligence, while ML is a discipline within AI that emphasises on using algorithms and statistical models that enable computers to learn from data and make forecasts or choices dependent on the same. In a specific example from February 2024, Eurofins Discovery, a France-based firm offering support services to a range of sectors including pharmaceuticals, unveiled an innovative platform dubbed DiscoveryAI SAFIRE (Suite of ADMET Predictions for In Silico Refinement and Evaluation). The platform employs proprietary databases, artificial intelligence (AI), and machine learning (ML) to enhance drug discovery. SAFIRE aims to shorten the time for new drugs discovery by predicting the ADMET (Absorption, Distribution, Metabolism, Excretion, and Toxicity) characteristics of molecules. To achieve this, it uses data from the expansive BioPrint database of Eurofins Discovery, developed through years of meticulous research.

What Are the Leading Market Players Impacting theDrug Discovery Services Market’s Growth Trend?

Major companies operating in the drug discovery services market are Thermo Fisher Scientific Inc., Albany Molecular Research Inc., Charles River Laboratories International Inc., Laboratory Corporation of America Holdings, Domainex Ltd., GenScript Biotech Corporation, Pharmaceutical Product Development LLC, Advinus Therapeutics Pvt. Ltd., Jubilant Biosys Ltd., Evotec AG, Syngene International Ltd., Bayer AG, Merck KGaA, Ubiquigent Ltd., Eurofins Scientific SE, AppTec Laboratory Services Inc., GVK Biosciences Private Limited, Aurigene Discovery Technologies Limited, Viva Biotech Holdings, Pharmaron Beijing Co. Ltd., Selcia Limited, Concept Life Sciences Group Limited, BioDuro LLC, ChemPartner Corporation, Aptuit LLC, Sygnature Discovery Limited, Peak Proteins Ltd., SRI International, BioAscent Discovery Limited, Sai Life Sciences Limited, Promega Corporation, MedChemExpress LLC, Aragen Bioscience Inc., WuXi STA, BioNTech SE, Moderna Inc., Gilead Sciences Inc., Vertex Pharmaceuticals Incorporated, Regeneron Pharmaceuticals Inc., Amgen Inc., Bristol-Myers Squibb Company

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How Are the Key Segments of the Drug Discovery Services Market Driving Opportunities and Innovations?

The drug discovery services market covered in this report is segmented –

1) By Type: Chemistry Services, Biology Services

2) By Process: Target Selection, Target Validation, Hit-To-Lead identification, Lead Optimization, Candidate Validation

3) By Drug Type: Biologics Drug , Small Molecule Drug

4) By End user: Pharmaceutical And Biotechnology Companies, Academic Institutes, Other End Users

Subsegments:

1) By Chemistry Services: Medicinal Chemistry, Compound Management, High-Throughput Screening, Lead Optimization

2) By Biology Services: In Vitro Studies, In Vivo Studies, Pharmacokinetics And Pharmacodynamics (PK Or PD), Biomarker Discovery

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