Global ADME Toxicology Testing Market to Grow at 11.9% During 2024-2032, Augmented by Escalating Demand for Novel Drugs

June 21, 2021 | Healthcare

According to the latest report by IMARC Group, titled “ADME Toxicology Testing Market Report by Technology (Cell Culture, High Throughput Screening, Molecular Imaging, OMICS Technology, and Others), Product Type (Instruments, Software Solutions, Assay Systems, Reagents, and Others), Method (In-Vivo, In-Vitro, In-Silica, and Others), Application (Systemic Toxicity, Renal Toxicity, Hepatotoxicity, Neurotoxicity, and Others), and Region 2024-2032,” the global ADME toxicology testing market reached a value of US$ 9.2 Billion in 2023. Absorption, distribution, metabolism, and excretion (ADME) toxicology testing is performed by researchers in the early phase of the drug development. It assists in discovering and identifying the presence of active metabolites in the plasma and determining the safety, uptake, effectiveness, and metabolic behavior of a drug in living organisms. It also evaluates the safety and toxicity of a drug, thereby saving cost, drug discovery time, and test complications.

Global ADME Toxicology Testing Market Trends:

ADME toxicology testing is widely used to prevent the failure of candidate drugs at late-stage clinical trials and determine the viability of drugs for regulatory approval. This, in confluence with the increasing rate of drug failure and escalating demand for novel drugs, represents one of the significant factors fueling the growth of the market. Moreover, numerous technological advancements to improve the standard of medicines are creating a favorable market outlook. Besides this, the market is also driven by the increasing adoption of innovative software solutions that can calculate ADME automatically. Furthermore, the outbreak of coronavirus disease (COVID-19) has escalated the need for estimating the efficacy of existing drugs as an alternative treatment. This can be accredited to the lack of a vaccine worldwide. Looking forward, the market value is projected to grow at a CAGR of 11.9% during the forecast period (2024-2032).

Market Summary:

  • Based on the technology, the market has been segregated into cell culture, high throughput screening, molecular imaging, OMICS technology, and others. At present, cell culture dominates the market.
  • On the basis of the product type, the market has been classified into instruments, software solutions, assay systems, reagents, and others.
  • Based on the method, the market has been divided into in-vivo, in-vitro, in-silica, and others.
  • On the basis of the application, the market has been segmented into systemic toxicity, renal toxicity, hepatotoxicity, neurotoxicity, and others. Presently, systemic toxicity accounts for the majority of the total market share.
  • Region-wise, the market has been categorized into North America (the United States and Canada); Asia Pacific (India, China, Japan, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
  • The competitive landscape of the market has been examined, with some of the key players being Agilent Technologies Inc., Beckman Coulter Inc. (Danaher Corporation), Bioivt LLC, Bio-Rad Laboratories Inc., Charles River Laboratories International Inc., Cyprotex Plc (Evotec AG), Molecular Discovery Ltd., Perkinelmer Inc., Promega Corporation and Thermo Fisher Scientific Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Technology, Product Type, Method, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agilent Technologies Inc., Beckman Coulter Inc. (Danaher Corporation), Bioivt LLC, Bio-Rad Laboratories Inc., Charles River Laboratories International Inc., Cyprotex Plc (Evotec AG), Molecular Discovery Ltd., Perkinelmer Inc., Promega Corporation and Thermo Fisher Scientific Inc.
Customization Scope 10% Free Customization
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Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global ADME Toxicology Testing Market to Grow at 11.9% During 2024-2032, Augmented by Escalating Demand for Novel Drugs
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