Market Insights
According to a detailed report by Market Research Future (MRFR), the global ADME toxicology testing market is anticipated to register a substantial market valuation at 11.4% CAGR over the forecast period.
The significant factors influencing the global ADME toxicology testing market are the increasing application of ADME toxicology testing by biotechnology companies and pharmaceuticals, and growing concerns raised by animal activists over the experiment and ill-treatment of animals in clinical trials have relatively aided the growth of the toxicology testing market. on the other hand, impactful factors such as the lack of in-vitro testing models to detect immune-stimulation and autoimmunity are projected to hinder the market growth during the review period.
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Global ADME Toxicology Market: Drivers & Trends
The vital factor responsible for influencing the growth of ADME toxicology market is the intensifying use of ADME toxic testing by leading pharmaceuticals and biotechnology companies, and growing concerns over the application of animals in clinical trials have aided the growth of the toxicology testing market.
Apart from this, more key factors influencing the growth of global ADME toxicology market are enhancing the accuracy and predictability of ADME technology that has been derived. This factor is making the market shift towards in-vitro assays for toxicological studies along with increasing global adoption of ADME toxicology testing instruments and systems. These toxicology testing procedures assist in effective drug development, which limits or prevents toxic reactions to the body when medicated. Thus, toxicity levels are decided on the results of tests conducted in natural conditions, which represent real-time reactions of the drug to the patient.
On the flip side, some factors such a lack of in-vitro models to perceive autoimmunity and immune-stimulation are mainly expected to curb the global ADME toxicology market growth during the forecast period.
Market Segmentation
The Global ADME Toxicology Testing Market is segmented on the basis of method, technology, application, and end-user. The ADME toxicology testing market, by method is categorized into cellular assay, biochemical assay, in silica, and ex-vivo. The technology segment is categorized into cell culture, high throughput, molecular imaging, and OMICS technology. On the basis of application, the ADME toxicology testing market is segmented into systemic toxicity, renal toxicity, hepatotoxicity, neurotoxicity, and others. On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic centers, pathological labs, and others.
Regional Outlook
The Americas is the largest in the market owing to the high acceptance of ADME toxicology testing in research. Moreover, the development in research expenditure are also accountable for the growth of the ADME toxicology testing market. For instance, in October 2014, the Wuxi Pharma Tech acquired Xenobiotic Laboratories, Inc. to assist its ADME, drug metabolism and pharmacokinetic (DMPK) and bioanalytical services. The company plans to expand its integrated service portfolio for laboratory testing division in North America.
The European region is the second largest ADME toxicology testing market during the forecast period. The increased focus of leading biopharmaceutical manufacturer to expand their subsidiaries in these countries. Consequently, the growing number of pathological facilitate the market growth of this diagnostic type.
The Asia Pacific region is likely to develop at the uppermost CAGR for the ADME toxicology testing market in the years to come. Moreover, the rising oncology and palliative care services both at the hospital level and in the community are expected to influence the market in a positive way.
The Middle East and Africa accounts for the least share due to low per capita income and lack of availability of well-trained healthcare professionals. However, there has been an increasing demand for test accuracy and consistency among end-users and the government in this region that is enhancing the adoption of hyperspectral imaging technology in this region.
Key Players:
Some of the key players in the global ADME toxicology testing market are Promega Corporation, Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Beckman Coulter, Inc., Cellartis AB, Cyprotex PLC., Life Technologies Corporation, Optivia Biotechnology, Inc., Accelrys, Inc., Molecular Discovery Ltd., Cyprotex PLC, MultiCASE, Inc., Caliper Life Sciences, Inc., Xceleron, Inc., ACEA Biosciences, Inc., Albany Molecular Research, Inc., CeeTox, Inc., and others.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
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