Press release
ADME Toxicology Testing Market Size Forecasted To Achieve $18.06 Billion By 2029 With Steady Growth
ADME Toxicology Testing
What Is the ADME Toxicology Testing Market Size and Projected Growth Rate?
The ADME Toxicology Testing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the ADME Toxicology Testing Market Size and Projected Growth Rate?
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What Are the Major Segments in the ADME Toxicology Testing Market?
The ADME toxicology testing market covered in this report is segmented -
1) By Product Type: Instruments, Software Solutions, Assays Systems, Reagents, Other Products
2) By Method: Cellular Assay, Biochemical Assay, In Silica, Ex-Vivo
3) By Technology: Cell Culture, High Throughput, Molecular Imaging, OMICS Technology, Other Technologies
4) By Application: Systemic Toxicity, Renal Toxicity, Hepatotoxicity, Neurotoxicity, Other Applications
5) By End-User: Cosmetics And Household Products, Pharmaceutical Industry, Animal Industry, Food Industry, Other End Users
Subsegments:
1) By Instruments: High-Throughput Screening Instruments, LC-MS Or MS (Liquid Chromatography-Mass Spectrometry), HPLC (High-Performance Liquid Chromatography), Automated Workstations
2) By Software Solutions: Data Management Software, Simulation And Modeling Software, Risk Assessment Software
3) By Assay Systems: Cell-Based Assays, In Vitro Assays, Bioanalytical Assays
4) By Reagents: Biochemicals, Buffer Solutions, Culture Media
5) By Other Products: Kits And Consumables, Analytical Standards
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What Are The Driving ADME Toxicology Testing Market Evolution?
The escalating need for innovative drugs is predicted to bolster the advancement of the ADME toxicology testing market in the future. These innovative drugs are medicinal substances which have never been officially authorized or used for medical treatment before. ADME toxicity tests are an integral part of new drug development to ensure their safety and lack of harmful toxins in the body. For example, the Center for Drug Evaluation and Research (CDER), an American branch of the U.S. Food and Drug Administration (FDA), approved 55 innovative drugs in 2023, and 20 of them (36%) were recognized as first-in-class, according to the New Drug Therapy Approvals 2023 report published in January 2024. This data exhibits a rise from the 37 approvals in 2022. Thus, the escalating demand for innovative drugs is the driving force behind the ADME toxicology testing market's expansion.
Which Firms Dominate The ADME Toxicology Testing Market Segments?
Major companies operating in the ADME toxicology testing market include 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., Molecular Discovery Ltd.
What Trends Are Expected to Dominate the ADME Toxicology Testing Market in the Next 5 Years?
The emergence of technological innovation is a predominant trend in the ADME toxicology testing market. Major players in this field are launching breakthrough assay solutions, leveraging state-of-the-art technologies like Logica to cement their place in the market. For instance, Charles River Laboratories International Inc., a pharmaceutical corporation based in the United States, and Valo Health Inc., an American AI-health solution organization, unveiled Logica, a solution for drug development powered by AI, in April 2022. The cutting-edge solution, backed by Valo's AI-driven Opal Computational Platform, offers ADME toxicology testing services along with additional drug delivery solutions to its users.
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Which Is The Largest Region In The ADME Toxicology Testing Market?
North America was the largest region in the ADME toxicology testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ADME toxicology testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the ADME Toxicology Testing Market?
2. What is the CAGR expected in the ADME Toxicology Testing Market?
3. What Are the Key Innovations Transforming the ADME Toxicology Testing Industry?
4. Which Region Is Leading the ADME Toxicology Testing Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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