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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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.
Segmental Analysis
The global ADME toxicology testing market has been segmented based on the method, technology, application, and end-user.
Several methods utilized in the ADME
toxicology testing market into the biochemical assay, cellular assay, ex-vivo,
and in silica. The technologies operated in the market are high throughput,
cell culture, molecular imaging, and OMICS technology.
The applications in the ADME toxicology testing market are segmented into
hepatotoxicity, neurotoxicity, renal toxicity, systemic toxicity, and others.
Based on end-user, the ADME toxicology testing market is segmented into
diagnostic centers, hospitals and clinics, pathological labs, and others.
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.
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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