Middle East & Africa Drug Discovery Outsourcing Market Size & Outlook

The drug discovery outsourcing market in Middle East & Africa is expected to reach a projected revenue of US$ 350.1 million by 2030. A compound annual growth rate of 7.8% is expected of Middle East & Africa drug discovery outsourcing market from 2023 to 2030.
Revenue, 2022 (US$M)
$192.5
Forecast, 2030 (US$M)
$350.1
CAGR, 2023 - 2030
7.8%
Report Coverage
Middle East & Africa

MEA drug discovery outsourcing market highlights

  • The MEA drug discovery outsourcing market generated a revenue of USD 192.5 million in 2022.
  • The market is expected to grow at a CAGR of 7.8% 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.
  • Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.


MEA data book summary

Market revenue in 2022USD 192.5 million
Market revenue in 2030USD 350.1 million
Growth rate7.8% (CAGR from 2022 to 2030)
Largest segmentLead identification & candidate optimization
Fastest growing segmentOther Associated Workflow
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTarget Identification & Screening, Target Validation & Functional Informatics, Lead Identification & Candidate Optimization, Preclinical Development, Other Associated Workflow
Key market players worldwideAlbany 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, MEA region accounted for 5.4% of the global drug discovery outsourcing market in 2022.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,585.1 million by 2030.

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Drug Discovery Outsourcing Market Companies

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Middle East & Africa 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% in 2022. Horizon Databook has segmented the Middle East & Africa 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.


MEA drug discovery outsourcing market is estimated to have relatively slow growth rate as the present scenario of drug discovery research is at a nascent stage in the region. However, increasing incidence of diseases is expected to result in growth of this market in the near future.

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Target buyers of Middle East & Africa drug discovery outsourcing market databook

  • Our clientele includes a mix of drug discovery outsourcing market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 continent-level data and insights on the Middle East & Africa drug discovery outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa drug discovery outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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MEA drug discovery outsourcing market outlook size, by country, 2018-2030 (US$M)

Middle East & Africa Drug Discovery Outsourcing Market Outlook Share, 2022 & 2030 (US$M)

MEA drug discovery outsourcing market outlook size, by country, 2018-2030 (US$M)

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