Aug 29, 2019   SOURCE: PR NewsWire

Asia Pacific Drug Development Markets, 2019-2026 - Market is Expected to Reach USD 62.46 Billion

DUBLIN, Aug. 29, 2019 /PRNewswire/ -- The "Asia Pacific Drug Development Market Size, Share & Trends Analysis Report By Mode (In house, Outsourced), By Process Step (DMPK, Safety Assessment), By Therapeutic Area, And Segment Forecasts, 2019 - 2026" report has been added to ResearchAndMarkets.com's offering.

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The Asia Pacific drug development market is expected to reach USD 62.46 billion by 2026 and is projected to expand at a CAGR of 6.54%

Challenges pertaining to the escalating research costs and shrinking revenue faced by major pharma companies have led to the significant expansion of Asian drug development sector. A rapidly expanding healthcare infrastructure, low operating costs, and a growing patient population have contributed to the recognition of Asian countries as an ideal site for low-cost drug development.

Furthermore, the growing acceptance of clinical trial data generated in Asia by Western drug regulators, including the EMA and U.S. FDA, is one of the key market drivers. This is primarily because of the increasing similarities of Asian disease demographics to that of the Western nations.

Various government policies have been formulated to promote implementation of digital and advanced analytics, such as artificial intelligence, in the region. Moreover, the pharma companies are collaborating with AI-based companies to leverage algorithms and cloud computing to transform their drug development process.

The contract research organizations are experiencing increasing levels of interest in Asian countries from their U.S. -based client base. This is a testament to the lucrative growth of Asia Pacific market, driving its growth in the coming years.

Further key findings from the report suggest:

    --  Outsourced mode of pharmaceutical development led the market and is
        expected to maintain its dominance throughout the forecast period, due
        to the fact that the companies are investing or redirecting their
        significant investments from already existing R&D centers in Europe and
        U.S. to emerging centers in Asia
    --  Analytical & stability studies captured the largest revenue share in the
        market, due to the high usage of advanced and relative expensive
        technologies such as Electron Paramagnetic Resonance (EPR) spectroscopy
    --  Oncology is estimated to be the highest revenue generating segment, due
        to the presence of a substantial number of cancer targeting therapeutics
        in clinical development phase. This segment is expected to maintain a
        fast CAGR during the forecast period owing to wide acceptance of
        personalized therapy in cancer treatment
    --  Strong government support for innovation and large and diverse domestic
        pharma industry of China has led to the dominance of China over other
        countries in the Asia Pacific drug development market
    --  Furthermore, the launch of several start-ups in India is expected to
        serve as a significant source of revenue to the Indian pharmaceutical
        industry
    --  Some key contract service providers operating in the Asia Pacific drug
        development market are Eurofins Advinus, Covance Inc., Celerion, and
        Parexel International Corporation. With the rising trend of outsourcing
        pharmaceutical manufacturing, these CROs are expected to witness great
        organic revenue growth
    --  In house global pharmaceutical manufacturers such as Pfizer and
        AstraZeneca are also striving to gain competitive ground in the Asian
        market

Key Topics Covered:

Chapter 1 Executive Summary
1.1 Market Snapshot

Chapter 2 Research Methodology
2.1 Information Procurement
2.2 Information or Data Analysis
2.3 Market Formulation & Validation

Chapter 3 Market Variables, Trends, & Scope
3.1 Market Segmentation & Scope
3.1.1 Market driver analysis
3.1.1.1 Rising pharma R&D outsourcing
3.1.1.2 Growing accessibility to Artificial Intelligence (AI) for pharmaceutical research
3.1.1.3 Expansion in the global drug developer in Asian market
3.1.2 Market restraint analysis
3.1.2.1 Different approval timelines
3.1.2.1 Presence of well-established players in western market
3.2 Penetration & Growth Prospect Mapping For Process Step Scope, 2018
3.3 Asia Pacific Drug Development Market-Swot Analysis, By Factor (Political & Legal, Economic And Technological)
3.4 Industry Analysis - Porter's

Chapter 4 Asia Pacific Drug Development Market Categorization: Mode Estimates & Trend Analysis
4.1 Asia Pacific Drug Development Market: Mode Movement Analysis
4.2 In house
4.2.1 Asia pacific in house drug development market, 2015 - 2026 (USD Million)
4.3 Outsourced
4.3.1 Asia pacific outsourced drug development market, 2015 - 2026 (USD Million)

Chapter 5 Asia Pacific Drug Development Market Categorization: Process Step Estimates & Trend Analysis
5.1 Asia Pacific Drug Development Market: Process Step Movement Analysis
5.2 Process Research Development
5.3 Formulation
5.4 Analytical & stability studies
5.5 Drug Metabolism and Pharmacokinetics (DMPK)
5.6 Safety Assessment (Toxicology)
5.7 Regulatory Compliance
5.8 Packaging

Chapter 6 Asia Pacific Drug Development Market Categorization: Therapeutic Area Estimates & Trend Analysis
6.1 Asia Pacific Drug Development Market: Therapeutic Area Movement Analysis
6.2 Oncology
6.3 Inflammation & Immunology
6.4 Cardiology
6.5 Neuroscience
6.6 Others

Chapter 7 Asia Pacific Drug Development Market Categorization: Country Estimates & Trend Analysis, by Mode, Process Step, & Therapeutic Area

Chapter 8 Asia Pacific Drug Development Market: Competitive Landscape
8.1 Strategy Framework
8.2 Market Participant Categorization
8.3 Company Profiles

    --  Samsung BioLogics
    --  WuXi Biologics
    --  Celltrion Inc.
    --  PT Kalbe Farma Tbk
    --  Eurofins Advinus
    --  Covance Inc.
    --  Celerion
    --  Parexel International Corporation
    --  GVK Biosciences Private Limited
    --  Vifor Pharma Asia Pacific Pte. Ltd

For more information about this report visit https://www.researchandmarkets.com/r/wian7i

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