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ADME Toxicology Testing Market 2023-2032: International Expansion, Key Drivers, Global Outlook And Major Players | AbbVie Inc., Thermo Fisher Scientific Inc., Boehringer Ingelheim GmbH, Laboratory Corporation of America Holdings, Corning Incorporated.
ADME Toxicology Testing Marker
The Business Research Company's ADME Toxicology Testing Global Market Report 2023 identifies rising demand for novel drugs as the major driver for the ADME Toxicology Testing Market's growth in the forecast period. Novel drugs are pharmaceutical substances that have not been previously approved or marketed for therapeutic use. ADME toxicity testing is a major step in drug development to ensure that the novel drug is safe and doesn't produce any harmful toxins in the body.
The global ADME toxicology testing market size is expected to grow from $8.37 billion in 2022 to $9.30 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. 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 ADME toxicology testing market is expected to reach $14.05 billion in 2027 at a CAGR of 10.9%.
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Major competitors in the adme toxicology testing market are AbbVie Inc., Thermo Fisher Scientific Inc., Boehringer Ingelheim GmbH, Laboratory Corporation of America Holdings, Corning Incorporated, Eurofins Scientific SE, Agilent Technologies Inc., Lonza Group AG, Dassault Systèmes SE, Catalent Inc., Charles River Laboratories International Inc., Beckman Coulter Inc., PerkinElmer Inc., Bio-Rad Laboratories Inc., Curia Global Inc, Promega Corporation, Takara Bio Inc, AB Sciex LLC, QPS Holdings LLC, Simulations Plus Inc., Cyprotex, XenoTech LLC, BioIVT LLC, Absorption Systems, Creative Bioarray, SOLVO Biotechnology Rt., Creative Biolabs Inc, Gentronix Limited, Admecell Inc., and Molecular Discovery Ltd.
A key trend in the ADME Toxicology Testing Market includes technological advancement. Major companies operating in the ADME toxicology testing market are introducing innovative assay solutions based on advanced technologies 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. The new solution leverages Valo's AI-powered Opal Computational Platform to provide users with ADME toxicology testing services and other drug delivery solutions.
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The ADME Toxicology Testing Market is segmented -
By Product Type: Instruments, Software Solutions, Assays Systems, Reagents, Other Products
By Method: Cellular Assay, Biochemical Assay, In Silica, Ex-vivo
By Technology: Cell Culture, High Throughput, Molecular Imaging, OMICS Technology, Other Technologies
By Application: Systemic Toxicity, Renal Toxicity, Hepatotoxicity, Neurotoxicity, Other Applications
By End-User: Cosmetics And Household Products, Pharmaceutical Industry, Animal Industry, Food Industry, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the ADME Toxicology Testing Market.
The Business Research Company's "Global ADME Toxicology 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 ADME Toxicology Testing Market Include:
1. Executive Summary
2. ADME Toxicology Testing Market Characteristics
3. ADME Toxicology Testing Market Trends And Strategies
4. ADME Toxicology Testing Market - Macro Economic Scenario
5. Global ADME Toxicology Testing Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global ADME Toxicology Testing Market Competitive Benchmarking
33. Global ADME Toxicology Testing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The ADME Toxicology Testing Market
35. ADME Toxicology Testing Market Future Outlook and Potential Analysis
36. Appendix
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