The global ADME Toxicology Testing market size is expected to be worth around US$ 12.25 billion by 2030, according to a new report by Vision Research Reports.
The global ADME Toxicology Testing market size was valued at US$ 5.33 billion in 2020 and is anticipated to grow at a CAGR of 13.4% during forecast period 2021 to 2030.
Factors such as increased need to check late-stage drug failures with the adoption of more appropriate toxicity testing methods by pharmaceutical companies are expected to aid revenue generation for the market.
Absorption, distribution, metabolism, and excretion (ADME) toxicology testing is used to test toxic reactions caused by molecules in clinical trials on factors and systemic reactions such as chemical, pharmaceutical, and genetic. These toxicology testing procedures help in effective drug development, which limits or prevents toxic reactions to the body when administered. Toxicity levels are decided on the results of a series of tests conducted in near-natural conditions, which represent almost real-time reactions between the drug and the host.
With the growing need for newer therapies for a number of conditions, almost all technology segments are likely to present lucrative opportunities over the forecast period. Analyzing processed and screened data is the most important step and needs to be handled with accuracy for the required results. Recent trends have seen the development of software and chemical libraries that can aid in the establishment of best standards and reporting of results.
Three-dimensional cells show more lifelike properties while testing the natural environment and other cell-related manipulations aided for drug design and discovery. Various steps such as increasing the capacity of chemical libraries for the proactive identification of chemical identity hits while testing, development of hardware and software to handle and fully automate the testing process, and increased funding from governments and research institutes to adopt newer technologies and faster data processing software are key factors likely to boost overall market growth over the forecast period.
The cell assays segment has been the leading revenue generator in the ADME toxicology testing market with a share of around 45.0% in 2020. Factors such as highly detailed, accurate, and near-natural results of the cell assay method are aiding segment growth. Cell-based assays for physiological parameters are considered to be a bridge between laboratory and clinic for drug candidates. These assays do not necessarily eliminate clinical trials but rather help make human experimentation less of a gamble. They also limit the number of animals required for experimentation. This is slated to be an important factor amidst the increasing sensitivity of animal rights.
ADME toxicology testing is carried out for various human reactions to drug molecules. A few examples are systemic toxicity, hepatic toxicity, renal toxicity, and neurotoxicity. In 2020, systemic toxicity emerged as the leading revenue-generating segment owing to a surge in toxicity studies on the circulatory system. It is by far the most potent cause of toxic reactions in the human body.
Systemic toxicity held a market share of about 70.0% in 2020 and is expected to retain its dominance throughout the forecast period. Since the systemic circulation of the molecule is the most preferred method of drug distribution, it is also one of the major causes of toxic reactions, which may trigger multiple organs to fail. As a result, this segment has enjoyed a significant share in the market.
Renal toxicity and hepatotoxicity are other major applications slated to witness steady growth. Active research and studies are being carried out in these fields, which is expected to drive both the segments to register a growth rate higher than that of systemic toxicity.
North America accounted for the largest share of more than 45.0% in 2020, with throughput/content screening emerging as a major contributor. This is owing to ongoing technological advancements in the field, particularly in U.S. Drug discovery techniques using cell cultures has especially gained popularity among companies competing to reach the market with a new drug molecule. Asia Pacific is set to grow at a significant pace over the forecast years due to increased efforts for new pharmaceutical molecules and the adoption of newer technologies to improve the standard of the medicine being supplied. China and Japan are key countries contributing to market growth.
Accelrys Inc.; Agilent Technologies, Inc.; Albany Molecular Research Inc.; Beckman Coulter Inc.; Catalent Inc.; Charles River Laboratories International Inc.; AbbVie; Actelion Pharmaceuticals; Amgen; Biocon; BioMarin; Boehringer Ingelheim; Bristol-Myers Squibb; Cipla; and CymaBay Therapeutics.
The ADME Toxicology Testing market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of ADME Toxicology Testing market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global ADME Toxicology Testing market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the ADME Toxicology Testing market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted ADME Toxicology Testing market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the ADME Toxicology Testing capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of ADME Toxicology Testing by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global ADME Toxicology Testing market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major ADME Toxicology Testing market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of ADME Toxicology Testing market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the ADME Toxicology Testing industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The ADME Toxicology Testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ADME Toxicology Testing market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of ADME Toxicology Testing market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new ADME Toxicology Testing market. These factors have benefited the growth of the global market for ADME Toxicology Testing. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for ADME Toxicology Testing. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of ADME Toxicology Testing are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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