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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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Key players
the key players acknowledged in the global ADME toxicology testing market are Accelrys,
Inc., ACEA Biosciences, Inc., Agilent Technologies, Inc., Albany Molecular
Research, Inc., Beckman Coulter, Inc., Bio-Rad Laboratories, Inc., Caliper Life
Sciences, Inc., CeeTox, Inc., Cellartis AB, Cyprotex PLC., Life Technologies
Corporation, Molecular Discovery Ltd., MultiCASE, Inc., Optivia Biotechnology,
Inc., Promega Corporation, Thermo Fisher Scientific, Inc., Xceleron,
Inc., and others.
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.
Regional Analysis
Based on the region, the global ADME toxicology has been
segmented into the Americas, Europe, Asia Pacific, and the Middle East and
Africa.
The Americas (North America and Latin America) is the largest region in the global
ADME toxicology testing market and is expected to account for the leading
market share over the evaluation period. This can be attributed to the high
acceptance of ADME toxicology testing in research activities. furthermore, the
development in research expenditure is also accountable for the growth of the
ADME toxicology testing market. North America is likely to contribute the
majority of the market share acquired in this region, owing to the established
healthcare and technology sectors in the country, which has lead to the early
adoption of advanced clinical trials and diagnostic measures. This factor is
likely to propel the market growth over the assessment period.
The European region is the second largest ADME toxicology
testing market during the forecast period. The shifting focus of leading
biopharmaceutical producers to increase its subsidiaries in countries such as
Germany, Russia, UK, among others. Consequently, the growing number of
pathological facilities in the region are expected to drive the market growth over
the review period.
The Asia Pacific region is the fastest growing region in the
global ADME toxicology testing market and is expected to reach a substantial
valuation at the highest CAGR over the evaluation period. The increasing
initiatives to improve the healthcare sectors in emerging economies such as
India, China, Japan are predicted to drive the market over the forecast period.
Additionally, the increasing oncology and palliative care facilities both at
the hospital level and in the community are anticipated to impact the market positively.
The Middle East and Africa (MEA) region accounts for the smallest
market share due to low per capita income of consumers and the lack of
availability of well-trained medical professionals. Nevertheless, there has
been a growing demand for test accuracy and steadiness among end-users. In
addition, the increasing focus of the governments towards the improvement of
the healthcare sector in this region is likely to propel the market
significantly over the review period.
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