The latest market report published by Credence Research, Inc. “Global In-Vitro ADME Services Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2023,” the Global In- Vitro ADME Services market was valued at USD 2,316.5 Mn in 2015, and is expected to reach USD 3,859.1Mn by 2023, expanding at a CAGR of 7.6% from 2016 to 2023.
Market Insights
ADME stands for absorption, distribution, metabolism and elimination, which is pharmacokinetic term, used to understand the drug metabolism in the body. The ADME properties of any particular drug help the developer to understand about the safety and efficacy of the drug which further required for the regulatory approval. This basic processes help in understanding the performance of the drug in human body or tissue and help in toxicity testing instead of the traditional use of animal testing. The conventional drug development process is time consuming and in addition there is always risk of the toxicity and efficacy testing in vivo environment failing at later stages in human body. Therefore, ADME toxicity testing at initial stage of drug development is preferred to further save time, cost and drug approval process, which is driving factor for the market
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/in-vitro-adme-services-market
In- Vitro ADME Services are categorized by type as Solution Properties, Drug Absorption & Transport, Drug Metabolism and Drug-Drug interaction. Out of the segment, drug absorption and transport occupied the largest market share of In- Vitro ADME Services due to rise in demand for the cost-efficient drug absorption detection services, and incessant development in the study of drug absorption methods in preclinical trials.
Based on the type, the Global In-Vitro ADME Services Market is segmented as follows:
• Solution Properties
• Drug Absorption and Transport
• Drug Metabolism
• Drug-Drug Interaction
As of the current market scenario, Europe is the largest regional market for In- Vitro ADME Services, followed by North America and the Asia Pacific. The major factors driving the Europe In-Vitro ADME market are intensive research and development activities taking place in the region of the drug discovery and drug metabolism at the academic level. Since outsourcing bio-processing activities of pharmaceutical and biotechnology companies is being taking place from developed market to developing market such as Asia- Pacific, Brazil. Thus emerging economies are the budding market for research and development due to cost-effectiveness and reduced timeline.
Market Competition Assessment:
Key players in the global In-Vitro ADME Services systems market are
Absorption Systems LP
Albany Molecular Research, Inc. (AMRI)
Aptagen, LLC
BIOalternatives SA
Sigma-Aldrich Co. LLC/ MilliporeSigma
BioTeSys GmbH
Calvert Labs
XenoTech, LLC
Cyprotex PLC
Solvo Biotechnology
TNO
WuXiAppTec
Centrillion Technology Holdings Ltd
In Vitro ADMET Laboratories, LLC
Covance, Inc
Quintiles IMS Holdings, Inc
Optivia Biotechnology Inc.
PharmaronBeijing Company Ltd.
Quest Pharmaceutical Services Holdings LLC
Thermo Fisher Scientific Inc.
Charles River Laboratories International, Inc.
EurofinsCerep SA
Admescope
Agilux
Alliance Pharma
BD Biosciences
Frontage Laboratories
Microconstants, Inc
Key Market Movements:
• Raising ethical concern regarding animal for toxicity testing, regulatory bodies and government initiative to shift from animal toxicity testing towards in vitro methods.
• With the advancement in R&D, In-vitro ADME is comprehensive and new technology platform in drug designing and screening which help in obtaining better efficacy and safety profile of the drug thus reducing the attrition rate over the decade.
• There is need to create a database to monitor the toxicity effect and drug pathway through the in vitro or in silico method, this act as the major driver for the ADME in vitro market.
• Evolution of Pre-clinical ADME toxicity plays a significant role in drug discovery and development process, aiding the venture capitalist to take financial decision w.r.t scientific decision regarding a drug discovery firm.
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58285
Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2 Executive Summary
2.1 Global In-Vitro ADME Services Market Portraiture
2.2 Global In-Vitro ADME Services Market, by Type, 2015 (US$ Mn)
2.3 Global In-Vitro ADME Services Market, by Geography, 2015 (Value %)
Chapter 3 Market Dynamics: In Vitro ADME Services Market
3.1 In Vitro ADME Services Market Analysis
3.2 Future Market Trend: In Vitro ADME Services
3.3 Regulatory Market Scenario
3.4 Mergers and Acquisition
3.5 Market Dynamics
3.5.1 Market Divers
3.5.1.1 Raising ethical concern regarding animal testing
3.5.1.2 Advancement in R&D for early detection of toxicity
3.5.1.3 Lack of comprehensive databases of in-vitro test methods
3.5.2 Challenges
3.5.2.1 Due to predictive paradise, decline in use of in vitro testing
3.5.2.2 In Vitro Models inability to Detect Autoimmunity &Immunostimulation
3.5.3 Opportunities
3.5.3.1 Surge in demand of in vitro ( pre-clinical ADME Tox) method for drug development and screening and various toxicology programs
3.6 Attractive Investment Proposition
3.7 Market Share Analysis: Key In- Vitro ADME Service Providers, 2015 (%)
Chapter 4 Global In-Vitro ADME Services Market Analysis, by Type
4.1 Introduction
4.2 Solution Properties
4.3 Drug Absorption & Transport
4.4 Drug Metabolism
4.5 Drug – Drug Interactions
Chapter 5 Global In-Vitro ADME Services Market, by Geography
5.1 Preface
5.2 North America (U.S. & Canada)
5.3 Europe (U.K., Germany & Rest of Europe)
5.4 Asia Pacific (China, Japan, Singapore, South Korea and Rest of APAC)
5.5 Latin America (Mexico, Brazil and Rest of LATAM)
5.6 Middle East and Africa
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/in-vitro-adme-services-market
About Credence Research (Original Publisher)
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
Toll-Free (US/CANADA) Ph.: +1-800-361-8290
E-mail: sales@credenceresearch.com
Website: http://www.credenceresearch.com