Global ADME Toxicology Testing Market

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Global ADME Toxicology Testing Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 12.1 % during the forecast period.
Global ADME Toxicology Testing Market Overview:

ADME is an acronym for absorption, distribution, metabolism, and excretion. ADME-Toxicology assays are used extensively in pharmacology during the drug discovery and testing process prior to progressing to in-vivo testing. The assays are designed to study how extensively a drug enters and leaves the body and the speed at which it does so.
Global ADME Toxicology Testing Market Dynamics:

The rapid increase in several diseases and the rising need for novel drug molecules are the main factors driving market growth.

The growing prevalence of diseases is increasing the requirement of novels drugs and biological products. This represents one of the key factors escalating the adoption of ADME toxicology testing. Other factors like the increasing rate of late-stage drug failure and surge in investments by government and private organisations for the growth of the healthcare sector across the globe are also likely to accelerate the market growth.

To avoid late-stage failure, ADME toxicology monitoring is now performed during the drug development process. Along with this, Growing research and development activities, as well as technological advancements, are likely to provide enormous opportunities for the ADME toxicology testing market to expand during the forecast period.

Usage of technologically advanced procedures such as in silico techniques, which use computer-based testing methods for faster results is expected to propel the market growth during forecast years. However, several of these methods necessitate specialised knowledge and software that can manage and store large amounts of data. This might restrain market growth to some degree. In the forecast period, the government's strict rules and regulations, as well as the high cost of testing, would serve as market restraints for the growth of ADME toxicology testing.

The report has profiled seventeen key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for a future hot spot in APAC region.
Global ADME Toxicology Testing Market Segment Analysis:

The global ADME Toxicology Testing market is segmented on the basis of technology, application, product and end-users.

Based on Technology, Cell Culture technology is expected to hold a dominant market share during the forecast period. Cell culture technology is adopted widely owing to advantages such as near-natural conditions and accurate results obtained at a cellular level. Three-dimensional cells show more lifelike properties while testing the natural environment and other cell-related manipulations aided for drug design and discovery.

Increased funding from governments and research institutes to implement newer technologies and faster data processing software, as well as increased capacity of chemical libraries for proactive detection of chemical identity hits while testing, production of hardware and software to manage and completely automate the testing process, are key factors likely to fuel overall market growth over the forecast period.

Based on Application, Systemic Toxicity held the dominant share in the year 2019. It accounted for the largest market share due to a surge in toxicity studies on the circulatory system. The segment is expected to retain its dominance throughout the forecast period. The systemic circulation of the molecule is the most preferred method of drug distribution and it is the most potent cause of toxic reactions in the human body. This may result in multiple organ failure.

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Global ADME Toxicology Testing Market Regional Insights:

North America accounted for the largest market share in 2019 and is expected to continue the dominance throughout the forecast period.

The region is expected to hold the largest market share owing to ongoing technological advancements in the field, particularly in the U.S. Drug discovery techniques using cell cultures has especially gained popularity and along with that rising healthcare industry in the region also propels the market growth in the region. Followed by North America, Europe is expected to hold the second-largest market share, which is mainly driven by favourable government incentives.
Asia Pacific is expected to be the fastest-growing region during the forecast period.

Due to the adoption of new technologies along with growing research on new pharmaceutical molecules, the APAC region is expected to grow at a CAGR of 13.3% during forecast years. China and Japan are key countries contributing to market growth. Increasing government support and collaborations with foreign pharmaceuticals and research companies are also likely to boost the market growth in the region.

In October 2014, Wuxi Pharma Tech announced that it has acquired Xenobiotic Laboratories, Inc. (XBL) to aid its bioanalytical, drug metabolism and pharmacokinetics (DMPK) and ADME (absorption, distribution, metabolism and elimination) services for radio-labelled compounds.

The report also helps in understanding the Global ADME Toxicology Testing Market dynamics, structure by analyzing the market segments and project the Global ADME Toxicology Testing Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global ADME Toxicology Testing Market make the report investor’s guide.
COVID-19 Impact:

Because of the widespread outbreak of coronavirus disease (COVID-19) and the lack of an appropriate vaccine or treatment, ADME toxicology research is being used to determine the effectiveness of existing drugs as an alternative treatment, which is boosting the market development.

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Global ADME Toxicology Testing Market Scope: Inquire before buying

Global ADME Toxicology Testing Market, by Region:

• North America
• Europe
• South America
• MEA
• APAC
Global ADME Toxicology Testing Market Key players:

• Accelrys, Inc.
• Bio-Rad Laboratories, Inc.
• Agilent Technologies, Inc.
• Beckman Coulter, Inc.
• Caliper Life Sciences, Inc.
• Cyprotex PLC.
• Cellartis AB
• Life Technologies Corporation
• Molecular Discovery Ltd.
• Optivia Biotechnology, Inc.
• Thermo Fisher Scientific, Inc.
• ACEA Biosciences Inc.
• ADMEcell Inc.
• Albany Molecular Research Inc.
• CompuDrug International Inc.
• Dassault Systèmes Biovia Corp.
• PerkinElmer Inc.

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