Global ADME Toxicology Testing Market
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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Segmental Analysis
According to Market Research Future, the global ADME toxicology testing market is segmented based on method, technology, application, and end-user.
By the mode of the method, the market is categorized into the cellular assay, biochemical assay, in silica, and ex-vivo.
By the mode of technology, this market segment is categorized into cell culture, high throughput, molecular imaging, and OMICS technology.
By the mode of application, the market has been segmented into systemic toxicity, renal toxicity, hepatotoxicity, neurotoxicity, and others.
By the mode of end-user, the market is segmented into hospitals and clinics, diagnostic centers, pathological labs, and others.
Regional Analysis
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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