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Drug Discovery Services Market to Reach $27.23 Billion by 2030, Driven by Rising Outsourcing and Expanding Biopharma R&D Pipelines
The global Drug Discovery Services Market is expected to grow from USD 16.36 billion in 2025 to USD 27.23 billion by 2030, at a compound annual growth rate of 10.7% during this period.
Pharmaceutical and biopharmaceutical companies are increasing research and development investments and seeking cost-effective drug development, driving market growth.
Companies outsource drug discovery services because in-house development requires high costs and considerable resources.
The Asia Pacific region is predicted to experience significant growth due to the rapid expansion of pharmaceutical industries, an increasing number of contract research organizations, and supportive regulatory policies, with the biologics segment expected to grow fastest in that region.