ADME Toxicology Market Insights
According to the reports published by Market Research Future, the global ADME toxicology market has an alluring growth graph which is recorded to be 11.4% CAGR. Such a growth pattern of the market is triggered by rising application of ADME toxicology, where it is unified for describing absorption, distribution, metabolism, and excretion properties of drug molecules. The system is aided with highly cohesive software, which is used for sample testing. It provides accurate toxicity test and results for the drug development and biopharmaceutical production.
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.
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ADME Toxicology Market Segmentation
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.
ADME Toxicology Market Regional Outlook
Regionally, the global ADME toxicology testing market has covered the main regions of the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
It has been projected that the Americas leads the global ADME toxicology testing market owed to the evolution in the North America region, which is chiefly attributed to an increase in research funding, growing awareness about the profits of ADME toxicology testing for commercial industries, and high adoption of toxicology testing in research. These factors have cumulatively influenced the growth of the market in this region.
Europe is the second largest region in the ADME toxicology testing market share owing to the high acceptance of toxicology testing in research. Also, the development in research expenditure is responsible for the growth of ADME toxicology testing market. The regional report also mentions that in January 2014, Cyprotex PLC, a UK based company signed an acquisition agreement with CeeTox, Inc. for its business to expand its portfolio for in-vitro toxicity tests and screening services to the Cosmetics and Personal Care Industry.
Whereas, Asia-Pacific was projected to be the fastest growing region for the global ADME toxicology testing market in 2017 with factors such as increased efforts for the development of new diagnostic devices and adoption of modern technologies to improve the standard of diagnostics assays being supplied. Countries such as China and Japan are crucial that are contributing to market growth. Even the Middle East and Africa hold the least share in the global ADME toxicology testing market owing to the occurrence of underprivileged health expenditure and economically diverse countries. However, the market is expected to observe growth with increasing toxicology care programs in the Middle East.
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ADME Toxicology Market Key Players
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.