Market Synopsis
The growing drug developments with the rising demand from several pharmaceutical and biotechnology companies are projected to drive the global ADME toxicology testing market 2020. The lesser incidence of failure of drug development experiments due to the presence of ADME and toxicology is anticipated to be a crucial factor in market growth.
The other significant factor of market growth is the increasing application of ADME toxicology testing by pharmaceuticals and biotechnology companies, and the rising concerns of animal testing in clinical tests have further assisted in the expansion of the market. Further, the rise in research and development, and the increasing demand for treatment of several diseases is estimated to escalate the demand substantially.
On the contrary, lack of in-vitro models to recognize autoimmunity and immune-stimulation is estimated to hamper the market growth significantly during the assessment period. However, the accuracy provided by the toxicity test for the drug development and biopharmaceutical production is estimated to counter the factors hampering market growth.
Market Segmentation
The assessment of the global ADME toxicology testing market outlook is performed by technology, method, end-user, application.
Based on technology, the global ADME toxicology testing market is segmented into high throughput, cell culture, molecular imaging, and OMICS technology.
Based on the method, the global ADME toxicology testing market is segmented into the biochemical assay, cellular assay, in silica, and ex-vivo.
Based on end-user, the global ADME toxicology testing market is segmented into diagnostic centers, hospitals and clinics, pathological labs, and others.
Based on the application, the global ADME toxicology testing market is segmented into renal toxicity, neurotoxicity, systemic toxicity, hepatotoxicity, and others.
Regional Analysis
As per the evaluation, the Americas is anticipated to acquire the largest market share due to sufficient funding allotted for research, and the increasing awareness on the advantages of ADME toxicology testing.
The second position is estimated to be acquired by Europe during the forecast period. The most notable factor influencing the regional market is the growing acceptance of toxicology testing in research. Further, the development in research expenses is anticipated to drive the regional market additionally.
The APAC region is projected to be the fastest-growing region for the global ADME toxicology testing market report. The regional growth can be accredited to the adoption of the latest technologies. In APAC, China and Japan are estimated to be the most lucrative markets. Further, the increasing palliative care an oncology services at the hospital and community level are anticipated to influence the market positively.
The MEA region is predicted to procure the minimum market share because of low per capita income and lack of expertise. However, the increasing demand for accuracy and stability among the end-user is assumed to develop the regional market. In addition, the growing adoption of hyperspectral imaging technology in the region is another factor driving the regional market.
Key Players
The renowned players of the global ADME toxicology testing market are Agilent Technologies, Inc., Promega Corporation, Thermo Fisher Scientific, Inc., Beckman Coulter, Inc., Bio-Rad Laboratories, Inc., Cellartis AB, Life Technologies Corporation, Cyprotex PLC., Optivia Biotechnology, Inc., Molecular Discovery Ltd., Accelrys, Inc., Cyprotex PLC, MultiCASE, Inc., Xceleron, Inc., Caliper Life Sciences, Inc., ACEA Biosciences, Inc., CeeTox, Inc., Albany Molecular Research, Inc., and others.
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