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Pharma ADMET Testing Market Analysis, Leading Trends And Global Forecast 2023 To 2032 | Thermo Fisher Scientific Inc., Abbott Laboratories, The Merck Group, Laboratory Corporation of America Holdings, IQVIA Inc.
Pharma ADMET Testing Market Share
The Business Research Company's Pharma ADMET Testing Global Market Report 2023 identifies rising number of product approvals as the major driver for the Pharma ADMET Testing market's growth in the forecast period. Product approvals refer to the process by which regulatory authorities, such as the Food and Drug Administration (FDA) in the United States or the European Medicines Agency (EMA) in Europe, grant permission for a product to be marketed and sold to the public. ADMET testing is beneficial for determining the safety and efficacy of novel products and is mandatory in product regulatory approvals
The global pharma ADMET testing market size is expected to grow from $7.71 billion in 2022 to $8.62 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of pharma ADMET testing market is expected to reach $13.1 billion in 2027 at a CAGR of 11.2%.
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Major competitors in the Pharma ADMET Testing market are Thermo Fisher Scientific Inc., Abbott Laboratories, The Merck Group, Laboratory Corporation of America Holdings, IQVIA Inc., PPD ICON plc, Agilent Technologies Inc., Wuxi AppTec Co. Ltd., Catalent Inc., Covance Inc., Charles River Laboratories International Inc., Eurofins Scientific SE, Beckman Coulter Inc., Perkinelmer Inc., Bio-Rad Laboratories Inc., Albany Molecular Research Inc., Evotec A.G., CMIC Holdings Co. Ltd., Promega Corporation, Aptuit LLC, Symeres B.V., Biovia Corp., BioIVT LLC, Cyprotex Limited, InSphero AG, Admescope Ltd., and Accelrys Inc.
A key trend in the Pharma ADMET Testing market includes product innovations. Major companies in the pharma ADMET testing market are introducing innovative products such as Logica to sustain their position in the market. For instance, in April 2022, Charles River Laboratories International Inc., a US-based pharmaceutical company, and Valo Health Inc., a US-based AI-health solution company, launched Logica, an AI-based drug development solution.
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The Pharma ADMET Testing market is segmented -
By Testing Type: In Vivo ADMET Testing, In Vitro ADMET Testing, In Silico ADMET Testing
By Technology: Cell Culture, High Throughput, Molecular Imaging, OMICS Technology
By Application: Systemic Toxicity, Renal Toxicity, Hepatotoxicity, Neurotoxicity, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Pharma ADMET Testing market.
The Business Research Company's "Global Pharma ADMET Testing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pharma ADMET Testing Market Include:
1. Executive Summary
2. Pharma ADMET Testing Market Characteristics
3. Pharma ADMET Testing Market Trends And Strategies
4. Pharma ADMET Testing Market - Macro Economic Scenario
5. Global Pharma ADMET Testing Historic Market Size and Growth, 2017 - 2022, Value ($ Billion
……
32. Global Pharma ADMET Testing Market Competitive Benchmarking
33. Global Pharma ADMET Testing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pharma ADMET Testing Market
35. Pharma ADMET Testing Market Future Outlook and Potential Analysis
36. Appendix
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