The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s ADME Toxicology Testing Global Market Report 2023, the ADME toxicology testing market is expected to show promising growth in the forecast period.

The global ADME toxicology testing market is poised for substantial growth, with a predicted rise from $8.37 billion in 2022 to $9.30 billion in 2023, marking an impressive compound annual growth rate (CAGR) of 11.1%. Beyond 2023, the market outlook remains promising, with an expected size of $14.05 billion in 2027, driven by a CAGR of 10.9%. In this blog, we’ll explore the primary drivers of this growth, the pivotal role of technological advancements, the key players shaping the market, and the market’s robust segmentation.

Rising Demand for Novel Drugs: A Key Driver

Meeting the Need for Innovative Pharmaceuticals

The surging demand for novel drugs serves as a critical catalyst propelling the growth of the ADME toxicology testing market. Novel drugs are pharmaceutical substances that have not been previously approved or marketed for therapeutic use. ADME toxicity testing plays a pivotal role in drug development, ensuring that novel drugs are safe and devoid of harmful toxins. As an example of this trend:

• In 2020, the US Food and Drug Administration approved 53 novel drugs, a notable increase from the 48 drugs approved in the previous year.

The rising demand for novel drugs underscores the necessity for stringent ADME toxicology testing, thereby driving market expansion.

Major Players in the ADME Toxicology Testing Market

Leaders in ADME Toxicology Testing

The ADME toxicology testing market is significantly influenced by key players who wield significant impact in driving the industry forward. These major companies are leaders in the field and play a crucial role in shaping the market. Prominent entities in this domain 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

These influential companies are instrumental in advancing the ADME toxicology testing market and driving innovation.

Technological Advancements: A Growing Trend

Pioneering New Solutions

Technological advancements are at the forefront of trends shaping the ADME toxicology testing market. Leading companies are driving innovation by introducing advanced assay solutions and cutting-edge technologies that push the boundaries of what is possible. An illustrative example of this trend is:

• In April 2022, Charles River Laboratories International Inc. and Valo Health Inc. introduced Logica, an AI-based drug development solution. Logica leverages Valo’s AI-powered Opal Computational Platform to offer users ADME toxicology testing services and other drug delivery solutions.

Technological advancements introduce precision and efficiency to the ADME toxicology testing market, enhancing the range of diagnostic solutions available.

ADME Toxicology Testing Market Segmentation: Tailored Solutions

Addressing Varied Needs

The global ADME toxicology testing market offers a diverse range of products and services designed to address various requirements and preferences. Market segmentation encompasses:

1) Product Type:

• Instruments
• Software Solutions
• Assay Systems
• Reagents
• Other Products

2) Method:

• Cellular Assay
• Biochemical Assay
• In Silico
• Ex-vivo

3) Technology:

• Cell Culture
• High Throughput
• Molecular Imaging
• OMICS Technology
• Other Technologies

4) Application:

• Systemic Toxicity
• Renal Toxicity
• Hepatotoxicity
• Neurotoxicity
• Other Applications

5) End-User:

• Cosmetics and Household Products
• Pharmaceutical Industry
• Animal Industry
• Food Industry
• Other End Users

This segmentation ensures that the ADME toxicology testing market caters to diverse needs and conditions, offering specialized solutions across various aspects of the field.

Global Outlook: Asia-Pacific Ascends

Leading the Charge for Growth

In 2022, North America held the top position in the ADME toxicology testing market, emerging as a dominant force in the industry. However, looking ahead, Asia-Pacific is poised to take the lead as the fastest-growing region in this dynamic market landscape.

View More On The ADME Toxicology Testing Market Report 2023 – https://www.thebusinessresearchcompany.com/report/adme-toxicology-testing-global-market-report

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The ADME Toxicology Testing Global Market Report 2023  offers a comprehensive overview on the ADME toxicology testing market size, growth rate, trends and drivers, opportunities, strategies, and competitor landscape. The countries covered in the ADME toxicology testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The Table Of Content For The ADME Toxicology Testing Market Include:
1. ADME Toxicology Testing Market Executive Summary
2. ADME Toxicology Testing Market Segments
3. ADME Toxicology Testing Market Size And ADME Toxicology Testing Market Growth Rate
4. Key ADME Toxicology Testing Market Trends
5. Major ADME Toxicology Testing Market Drivers
……
25. Key Mergers And Acquisitions In The ADME Toxicology Testing Market
26. Top ADME Toxicology Testing Companies
27. ADME Toxicology Testing Market Opportunities And Strategies
28. ADME Toxicology Testing Market, Conclusions And Recommendations
29. Appendix

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