ADME Toxicology Testing Market Set to Reach US$ 17.4 Billion, Expanding at a CAGR of 13.53% during 2023-2028

The latest report by IMARC Group, titled "ADME Toxicology Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global ADME toxicology testing market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global ADME toxicology testing market size reached US$ 8.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.53% during 2023-2028.

Absorption, distribution, metabolism, and excretion (ADME) toxicology testing is performed by researchers in the early phase of the drug development. It assists in discovering and identifying the presence of active metabolites in the plasma and determining the safety, uptake, effectiveness, and metabolic behavior of a drug in living organisms. It also evaluates the safety and toxicity of a drug, thereby saving cost, drug discovery time, and test complications.

Request Free Sample Report: https://www.imarcgroup.com/adme-toxicology-testing-market/requestsample

Market Trends:

ADME toxicology testing is widely used to prevent the failure of candidate drugs at late-stage clinical trials and determine the viability of drugs for regulatory approval. This, in confluence with the increasing rate of drug failure and escalating demand for novel drugs, represents one of the significant factors fueling the growth of the market. Moreover, numerous technological advancements to improve the standard of medicines are creating a favorable market outlook. Besides this, the market is also driven by the increasing adoption of innovative software solutions that can calculate ADME automatically. Furthermore, the outbreak of coronavirus disease (COVID-19) has escalated the need for estimating the efficacy of existing drugs as an alternative treatment. This can be accredited to the lack of a vaccine worldwide.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/adme-toxicology-testing-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• Agilent Technologies Inc.
• Beckman Coulter Inc. (Danaher Corporation)
• Bioivt LLC
• Bio-Rad Laboratories Inc.
• Charles River Laboratories International Inc.
• Cyprotex Plc (Evotec AG)
• Molecular Discovery Ltd.
• Perkinelmer Inc.
• Promega Corporation
• Thermo Fisher Scientific Inc

Key Market Segmentation:

Breakup by Technology:

• Cell Culture
• High Throughput Screening
• Molecular Imaging
• OMICS Technology
• Others

Breakup by Product Type:

• Instruments
• Software Solutions
• Assay Systems
• Reagents
• Others

Breakup by Method:

• In-Vivo
• In-Vitro
• In-Silica
• Others

Breakup by Application:

• Systemic Toxicity
• Renal Toxicity
• Hepatotoxicity
• Neurotoxicity
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Also Read:

• https://www.digitaljournal.com/pr/news/field-service-management-market-2023-set-to-reach-us-10-8-billion-by-2028-expanding-at-cagr-of-16-

• https://www.digitaljournal.com/pr/news/medical-equipment-maintenance-market-2023-growth-expanding-at-cagr-of-9-1-by-2028

• https://www.digitaljournal.com/pr/news/pizza-boxes-market-2023-growth-expanding-at-cagr-of-4-2-by-2028

• https://www.digitaljournal.com/pr/news/smart-bathroom-market-size-share-industry-analysis-insights-demand-and-report-2023-2028

• https://www.digitaljournal.com/pr/news/oral-care-hygiene-market-2023-set-to-reach-us-60-9-billion-by-2028-expanding-at-cagr-of-3-6-

• https://www.digitaljournal.com/pr/news/fruit-beer-market-2023-growth-expanding-at-cagr-of-4-by-2028-research-report

• https://www.digitaljournal.com/pr/news/atm-market-2023-set-to-reach-us-29-6-billion-by-2028-expanding-at-cagr-of-5-

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.