UK Drug Discovery Outsourcing Market Size & Outlook
UK drug discovery outsourcing market, 2018-2030 (US$M)
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UK drug discovery outsourcing market highlights
- The UK drug discovery outsourcing market generated a revenue of USD 69.4 million in 2022 and is expected to reach USD 124.3 million by 2030.
- The UK market is expected to grow at a CAGR of 7.6% 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 69.4 million |
| Market revenue in 2030 | USD 124.3 million |
| Growth rate | 7.6% (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, UK accounted for 2.0% 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 Europe, Germany drug discovery outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 124.3 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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UK 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 32.56% in 2022. Horizon Databook has segmented the UK 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.
Various research initiatives of the UK government in alliance with many private firms are expected to increase the potential of the UK drug discovery outsourcing market. The European Lead Factory, a collaborative public-private partnership launched a platform for discovering high quality drug molecules that were previously inaccessible.
Seven top notch firms such as AstraZeneca; Bayer Pharma; Merck KGaA; Lundbeck; UCB Pharma; Janssen Pharmaceuticals; and Sanofi came together to give the European research community access to their guarded compound libraries.
Screening centers in UK and Netherland use high throughput screening technique to screen around 50,000 strong compounds. In UK, research councils, such as Engineering and Physical Sciences Research Council (EPSRC); Biotechnology and Biological Sciences Research Council (BBSRC); Science and Technology Facilities Council (STFC); and Medical Research Council (MRC), provide investment to accelerate healthcare research, which is expected to have a positive impact on the market growth of this country.
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Target buyers of UK 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 UK drug discovery outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into UK drug discovery outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK drug discovery outsourcing market outlook size, by workflow, 2018-2030 (US$M)
UK Drug Discovery Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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