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AI in Drug Discovery Market is projected to reach US$ 10.93 Billion by 2031, Finds Transparency Market Research

AI in Drug Discovery Market is projected to reach US$ 10.93 Billion by 2031, Finds Transparency Market Research
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AI in Drug Discovery Market is projected to reach US$ 10.93 Billion by 2031, Finds Transparency Market Research

AI in Drug Discovery Market is projected to reach US$ 10.93 Billion by 2031, Finds Transparency Market Research
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Increase in Focus on Use of Advanced Technology for Drug Development, Research Activities to Drive Global Biosimulation Market, Finds TMR

Increase in Focus on Use of Advanced Technology for Drug Development, Research Activities to Drive Global Biosimulation Market, Finds TMR
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Rise in the Demand for Personalized Medicines to propel the Drug Discovery Outsourcing Market, Says TMR

Rise in the Demand for Personalized Medicines to propel the Drug Discovery Outsourcing Market, Says TMR
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Global $5.4 Billion Drug Discovery Outsourcing Market to 2028

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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 center ....

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