Canada Drug Discovery Outsourcing Market Size & Outlook
Canada drug discovery outsourcing market, 2018-2030 (US$M)
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Canada drug discovery outsourcing market highlights
- The Canada drug discovery outsourcing market generated a revenue of USD 254.3 million in 2022 and is expected to reach USD 447.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.3% from 2023 to 2030.
- In terms of segment, lead identification & candidate optimization was the largest revenue generating workflow in 2022.
- Other Associated Workflow is the most lucrative workflow segment registering the fastest growth during the forecast period.
Drug discovery outsourcing market data book summary
| Market revenue in 2022 | USD 254.3 million |
| Market revenue in 2030 | USD 447.4 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Lead identification & candidate optimization |
| Fastest growing segment | Other Associated Workflow |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Target Identification & Screening, Target Validation & Functional Informatics, Lead Identification & Candidate Optimization, Preclinical Development, Other Associated Workflow |
| Key market players worldwide | Albany Molecular Research, Evotec SE, Labcorp Holdings Inc, GenScript ProBio, Pharmaceutical Product Development, Charles River Laboratories International Inc, Wuxi AppTec Co Ltd, Merck & Co Inc, Thermo Fisher Scientific Inc, Dalton Pharma Services, Jubilant Biosys, Qiagen NV, Eurofins Scientific SE, Dr. Reddy’s Laboratories, Pharmaron Beijing Co Ltd Ordinary Shares - Class H, TCG Lifesciences, Syngene, Oncodesign, DiscoveRX, Domainex |
Other key industry trends
- In terms of revenue, Canada accounted for 7.2% of the global drug discovery outsourcing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. drug discovery outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 447.4 million by 2030.
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Drug Discovery Outsourcing Market Scope
Drug Discovery Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada drug discovery outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drug discovery outsourcing market will help companies and investors design strategic landscapes.
Lead identification & candidate optimization was the largest segment with a revenue share of 32.72% in 2022. Horizon Databook has segmented the Canada drug discovery outsourcing market based on target identification & screening, target validation & functional informatics, lead identification & candidate optimization, preclinical development, other associated workflow covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s drug discovery outsourcing market growth can be attributed to the ongoing studies being conducted in the country for drug discovery against various diseases. Factors such as aging population, increased healthcare spending, and global increase in life style oriented diseases & fatalities are the major drivers for the growth of drug discovery outsourcing market.
Canadian Society of Pharmacology and Therapeutics (CSPT), a nonprofit organization and a member of International Union of Basic and Clinical Pharmacology, was established in July 2008 in Canada to foster the application of educational and research excellence to drug discovery and therapeutic choice
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Target buyers of Canada drug discovery outsourcing market databook
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Our clientele includes a mix of drug discovery outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada drug discovery outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Canada drug discovery outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada drug discovery outsourcing market outlook size, by workflow, 2018-2030 (US$M)
Canada Drug Discovery Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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