Global ADME-Toxicology Testing Market Size, Share, Development, Growth and Demand Forecast to 2024

ADME stands for absorption, distribution, metabolism and elimination of the drug and chemicals define their nature in a human body. These four methods define the impact of a specific drug or chemical to the human tissues. Toxicology testing is an important phenomenon before introducing new medicine to the market. ADME toxicology facilitated pharmaceutical manufacturing company to minimize their drug discovery time, testing complications, and to reduce the cost of drug development.

ADME-toxicology testing has witnessed significant growth in the drug development in recent years. Most often the development of new drug is a very critical for the drug developers, attributed mainly to the high cost proposal for pharmaceutical and large attrition rate at various stages of drug development. The conventional drug development uses vivo model of toxicity testing.

Based on the different product type, global ADME-toxicology testing market can be bifurcated as instruments, software solutions, assays systems, reagents and others. Based on the technology used in the ADME-toxicology testing the market can be bifurcated as in-vivo (implemented inside a living organism), and in-vitro (test performed in a laboratory). Further In-vitro technology is bifurcated as biochemical testing and cell testing (including liver, intestinal, kidney). In-vitro technology is expected to witness the highest growth during the forecast period attributed mainly to the growing concern over animal rights for using animals for clinical trials. In-vivo is still the largest used toxicity testing technology owing to its cost and time benefits over other toxicity testing technique. With benefits such as increase throughput screening, the ADME toxicology prediction technology is expected to increase in coming years.

Based on the geographical division, North America was the largest market for ADME-Toxicology Testing in terms of value in 2014. It is then followed by Europe. The North America is expected to dominate the ADME-Toxicology testing market during the forecast period attributed to the large number of drug manufacturing companies in this region. Moreover the supportive government regulations towards new drug development are one of the important factors for the growth ADME-Toxicology Testing in this region. European ADME-Toxicology Testing market is driven by the favorable government incentives. Asia Pacific region has witnessed lucrative growth in recent years, attributed to the recent development in the healthcare industry in this region. Moreover, increased patients awareness and increases access of healthcare services has boosted the clinical trials in this region. Country wise the U.S. is the largest ADME-Toxicology testing market in North America. Germany, the U.K, France and Italy are some of the major ADME-Toxicology testing market in Europe. India, Japan and China represent the largest regional market for ADME-Toxicology testing in Asia Pacific region. Apart from these Brazil is expected to be a major market for ADME-Toxicology testing on Rest of the World Region.

Asia Pacific is expected to be the fasted growing market of ADME-Toxicology Testing during the forecast period. The growth is mainly anticipated from the supporting government initiatives and increasing number of merger and accusation (M&A) in pharmaceutical companies and research laboratories.

Some of the major players operating in the Global ADME-Toxicology Testing Market include, Accelrys, Inc., Agilent Technologies, Inc., Caliper Life Sciences, Inc., Bio-Rad Laboratories, Inc., Beckman Coulter, Inc., Cellartis AB, Cyprotex PLC., Life Technologies Corporation, Optivia Biotechnology, Inc., Thermo Fisher Scientific, Inc., Molecular Discovery Ltd., Cyprotex PLC, MultiCASE, Inc., Promega Corporation, Xceleron, Inc., ACEA Biosciences, Inc., Albany Molecular Research, Inc., Beckman Coulter, Inc., CeeTox, Inc., Molecular Discovery Ltd., 

Report Coverage

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• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
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