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Key Market Insights
§ Over 90 firms areactively involved in providing vitro ADME testing services; ofthese, over 30 players claim to have the capabilities to offer end-to-endservices
§ Majority of thecompanies offer assays for drug metabolism and elimination testing for bothsmall molecule and biologic drugs; followed by companies offering assays forabsorption and distribution testing
§ Featuring thepresence of small-mid sized firms, the in vitro ADME testing serviceprovider landscape is well-distributed across various regions; these playershave adopted various business models to cater to the evolving needs of theclients
§ Several players involved in this domain are steadily expanding theircapabilities in order to enhance their respective in the in vitro ADMEtesting service portfolios and maintain a competitive edge in this industry
§ Various mergers andacquisitions have taken place from 2005-2018 between industry stakeholders inthis domain, for addition ofcapabilities (primarily related to drug metabolism and pharmacokinetics testing)and geographical expansion / consolidation
§ Driven by theincreasing demand for effective pharmacological interventions across a widerange of therapeutic areas, the market is expected to witness sustained growthin future
§ In the long-term, the projected opportunity is anticipated to be welldistributed across various geographies, type of sponsors and type of services /assays
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Contact Details
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