PUBLISHER: Value Market Research | PRODUCT CODE: 1578325
PUBLISHER: Value Market Research | PRODUCT CODE: 1578325
The global demand for ADME Toxicology Testing Market is presumed to reach the market size of nearly USD 25.79 Billion by 2032 from USD 10.27 Billion in 2023 with a CAGR of 10.77% under the study period 2024-2032.
ADME is an abbreviation in pharmacology that stands for absorption, distribution, metabolism, and elimination of chemicals and drugs to examine the impact in the human body. These four methods of testing define the impact of specific drug or chemical to the human tissue. ADME toxicology testing is an important procedure before an introduction of new drugs in the market. Such toxicology testing influence the drug levels and kinetics of drug exposure to the body tissue and consequently facilitated the performance in a pharmaceutical manufacturing company to lessen their drug discovery time, testing complications, and to minimize the cost of drug development.
The rising demand from different pharmaceutical and biotechnological organizations across the globe because of the decrease in the cost associated with different tests during the drug development process is stimulating market growth. Moreover, less time taking in the commercialization of new drug and decreasing number of drug testing failures are further pushing the market growth. However, high installation and maintenance cost along with the lack of skilled professionals to operate such a system is expected to curb market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of ADME Toxicology Testing. The growth and trends of ADME Toxicology Testing industry provide a holistic approach to this study.
This section of the ADME Toxicology Testing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Global ADME Toxicology Testing Market Report market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ADME Toxicology Testing market include Thermo Fisher Scientific Inc., Promega Corp., Agilent Technologies Inc., Curia Global Inc., Dassault SysteMes, Beckman Coulter Inc., (Danaher), Catalent Inc., Charles River Laboratories, Labcorp Drug Development, Eurofins Scientific, GE HealthCare, Miltenyi Biotec, IQVIA Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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