Drug Discovery Services Market Size, Share and Growth Trends
Healthcarenews14 May, 2024Business
The global Drug Discovery Services Market is projected to reach USD 41.3 billion by 2028 from USD 20.6 billion in 2023, at a CAGR of 14.9% during the forecast period from 2023 to 2028. Download Free PDF Brochure Several factors are contributing to this growth, including the increasing R&D expenditure from pharmaceutical and biopharmaceutical companies, the expanding R&D pipeline necessitating increased analytical testing outsourcing, initiatives for research on rare diseases and orphan drugs, and the high cost associated with in-house drug development.
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