The ADME Toxicology Testing Market size is projected to reach US$ 15.66 Bn at the end of the forecast period at a CAGR of 12.1%.
ADME Toxicology Testing Market Overview:
The ADME Toxicology Testing Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the ADME Toxicology Testing Market, as well as the causes for variances in the industry’s growth in various places.
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ADME Toxicology Testing Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
ADME Toxicology Testing Market Drivers:
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 organizations 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 specialized 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.
ADME Toxicology Testing Market Segmentation:
by Technology
Cell Culture
High Throughput
Molecular Imaging
OMICS Technology
by Product
Instruments
Software solutions
Assays systems
Reagents
by Application
Systemic Toxicity
Renal Toxicity
Hepatotoxicity
Neurotoxicity
by End-User
Cosmetics & Household Products
Pharmaceutical Industry
Animal Industry
Food Industry
Others
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ADME Toxicology Testing Market Key Players: The key players are
1. Accelrys, Inc.
2. Bio-Rad Laboratories, Inc.
3. Agilent Technologies, Inc.
4. Beckman Coulter, Inc.
5. Caliper Life Sciences, Inc.
6. Cyprotex PLC.
7. Cellartis AB
8. Life Technologies Corporation
9. Molecular Discovery Ltd.
10.Optivia Biotechnology, Inc.
11.Thermo Fisher Scientific, Inc.
12.ACEA Biosciences Inc.
13.ADMEcell Inc.
14.Albany Molecular Research Inc.
15.CompuDrug International Inc.
16.Dassault Systèmes Biovia Corp.
17.PerkinElmer Inc.
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the ADME Toxicology Testing Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
ADME Toxicology Testing Market Table of Content:
Part 01: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Part 02: Scope of the Report
Part 03: Global ADME Toxicology Testing Market Landscape
Part 04: Global ADME Toxicology Testing Market Sizing
Part 05: Global ADME Toxicology Testing Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Questions Answered in the ADME Toxicology Testing Market Report are:
- Which sub-segment had the largest share in the ADME Toxicology Testing Market?
- How is the competitive landscape of the ADME Toxicology Testing Market in 2023?
- Which are the key drivers impacting the ADME Toxicology Testing Market growth?
- Which region holds the maximum share in the ADME Toxicology Testing Market?
- What will be the CAGR of the ADME Toxicology Testing Market during the forecast period (2023-2029)?
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