Market Overview
The global ADME (Absorption, Distribution, Metabolism, and Excretion) toxicology testing market is a rapidly growing market, driven by the need to assess the safety and efficacy of drugs and chemicals. ADME toxicology testing is an essential process in drug development, which involves determining how a drug is absorbed, distributed, metabolized, and excreted by the body.
Meaning
ADME toxicology testing is a critical step in drug development and chemical safety assessment. The process involves evaluating how drugs and chemicals are absorbed, distributed, metabolized, and excreted by the body. This information is used to assess the safety and efficacy of drugs and chemicals, to ensure that they do not cause harmful side effects or pose a risk to human health or the environment.
Executive Summary
The global ADME toxicology testing market is expected to grow at a significant rate over the next few years, driven by the increasing demand for drug development and chemical safety assessment. The market is expected to be valued at USD 10.16 billion by 2027, growing at a CAGR of 10.1% from 2020 to 2027.
Important Note:ย The companies listed in the image above are for reference only. The final study will cover 18โ20 key players in this market, and the list can be adjusted based on our clientโs requirements.
Key Market Insights
- The global ADME toxicology testing market is expected to grow at a significant rate over the next few years, driven by the increasing demand for drug development and chemical safety assessment.
- North America dominates the global ADME toxicology testing market, owing to the presence of a large number of pharmaceutical and biotech companies in the region.
- The in-vitro ADME toxicology testing segment is expected to grow at a faster rate than the in-vivo ADME toxicology testing segment, owing to the increasing demand for cost-effective and efficient testing methods.
- The pharmaceutical and biotech companies segment is the largest end-user segment of the ADME toxicology testing market, owing to the increasing demand for drug development and safety assessment.
Market Analysis
The global ADME toxicology testing market is expected to grow at a significant rate over the next few years, driven by the increasing demand for drug development and chemical safety assessment. The market is expected to be valued at USD 10.16 billion by 2027, growing at a CAGR of 10.1% from 2020 to 2027.
Market Drivers
- Increasing demand for drug development and chemical safety assessment.
- Rising prevalence of chronic diseases and the need for effective drugs.
- Growing adoption of in-vitro testing methods for drug development.
- Advancements in technology and the development of new testing methods.
Market Restraints
- High cost of ADME toxicology testing.
- Stringent regulatory requirements for drug development and safety assessment.
- Limited awareness about ADME toxicology testing in developing countries.
Market Opportunities
- Growing demand for personalized medicine.
- Increasing focus on green chemistry and sustainable development.
- Emerging markets in developing countries.
Market Dynamics
The global ADME toxicology testing market is driven by the increasing demand for drug development and chemical safety assessment. The rising prevalence of chronic diseases and the need for effective drugs are also contributing to the growth of the market. The adoption of in-vitro testing methods for drug development is also driving the market growth, as these methods are more cost-effective and efficient than in-vivo testing methods.
However, the high cost of ADME toxicology testing and the stringent regulatory requirements for drug development and safety assessment are restraining the growth of the market. Limited awareness about ADME toxicology testing in developing countries is also a major challenge for the market.
Regional Analysis
North America dominates the global ADME toxicology testing market, owing to the presence of a large number of pharmaceutical and biotech companies in the region. The Asia Pacific region is expected to grow at a significant rate over the next few years, owing to the increasing demand for drug development and chemical safety assessment in countries such as China and India. The Europe region is also expected to grow at a significant rate, driven by the increasing demand for personalized medicine and green chemistry.
Competitive Landscape
Leading companies in the Global ADME Toxicology Testing Market:
- Thermo Fisher Scientific, Inc.
- Eurofins Scientific SE
- Charles River Laboratories International, Inc.
- GE Healthcare
- Agilent Technologies, Inc.
- Bio-Rad Laboratories, Inc.
- Merck KGaA
- PerkinElmer, Inc.
- Cyprotex
- Promega Corporation
Please note: This is a preliminary list; the final study will feature 18โ20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.
Segmentation
The global ADME toxicology testing market is segmented on the basis of type, technology, end-user, and region.
By Type:
- In-vitro ADME Toxicology Testing
- In-vivo ADME Toxicology Testing
By Technology:
- Cell-based Assays
- Biochemical Assays
- Molecular Assays
- Others
By End-User:
- Pharmaceutical and Biotech Companies
- Contract Research Organizations
- Academic and Government Research Institutes
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Category-wise Insights
In-vitro ADME toxicology testing is expected to grow at a faster rate than in-vivo ADME toxicology testing, owing to the increasing demand for cost-effective and efficient testing methods. The cell-based assays segment is expected to dominate the market, owing to the advantages of these assays, such as high throughput, reproducibility, and accuracy.
The pharmaceutical and biotech companies segment is the largest end-user segment of the ADME toxicology testing market, owing to the increasing demand for drug development and safety assessment. The contract research organizations segment is also expected to grow at a significant rate, driven by the outsourcing of drug development and safety assessment activities by pharmaceutical and biotech companies.
Key Benefits for Industry Participants and Stakeholders
- Identification of market trends and opportunities.
- In-depth analysis of the market drivers, restraints, and challenges.
- Identification of key players and their strategies.
- Comprehensive analysis of the competitive landscape.
- Analysis of the impact of COVID-19 on the market.
SWOT Analysis
Strengths:
- Increasing demand for drug development and chemical safety assessment.
- Advancements in technology and the development of new testing methods.
- Growing adoption of in-vitro testing methods for drug development.
Weaknesses:
- High cost of ADME toxicology testing.
- Stringent regulatory requirements for drug development and safety assessment.
- Limited awareness about ADME toxicology testing in developing countries.
Opportunities:
- Growing demand for personalized medicine.
- Increasing focus on green chemistry and sustainable development.
- Emerging markets in developing countries.
Threats:
- Intense competition in the market.
- Uncertainty in regulatory policies.
- Economic slowdown in key markets.
Market Key Trends
- Increasing adoption of in-vitro ADME toxicology testing methods.
- Growing focus on personalized medicine.
- Rising demand for green chemistry and sustainable development.
Covid-19 Impact
The COVID-19 pandemic has had a significant impact on the global ADME toxicology testing market, as it has disrupted the drug development and safety assessment activities of pharmaceutical and biotech companies. The pandemic has also led to a shift in focus towards the development of vaccines and treatments for COVID-19, which has impacted the demand for ADME toxicology testing.
However, the pandemic has also created opportunities for the market, as the need for effective drugs and chemical safety assessment has become more important than ever before. The pandemic has also accelerated the adoption of in-vitro testing methods, as these methods are more cost-effective and efficient than in-vivo testing methods.
Key Industry Developments
- In 2020, Charles River Laboratories, Inc. acquired HemaCare Corporation, a provider of human-derived biological products and services, to enhance its offerings in the ADME toxicology testing market.
- In 2019, Eurofins Scientific, Inc. acquired Advinus Therapeutics, a drug discovery and development company, to expand its capabilities in drug development and safety assessment.
- In 2018, Thermo Fisher Scientific, Inc. launched a new range of cell-based assays for ADME toxicology testing, to provide more accurate and reliable results.
Analyst Suggestions
The global ADME toxicology testing market is expected to grow at a significant rate over the next few years, driven by the increasing demand for drug development and chemical safety assessment. The adoption of in-vitro testing methods is expected to continue to grow, as these methods are more cost-effective and efficient than in-vivo testing methods. The pharmaceutical and biotech companies segment is expected to remain the largest end-user segment of the market, owing to the increasing demand for drug development and safety assessment.
Future Outlook
The global ADME toxicology testing market is expected to continue to grow at a significant rate over the next few years, driven by the increasing demand for drug development and chemical safety assessment. The market is expected to be valued at USD 10.16 billion by 2027, growing at a CAGR of 10.1% from 2020 to 2027. The adoption of in-vitro testing methods is expected to continue to grow, as these methods are more cost-effective and efficient than in-vivo testing methods. The pharmaceutical and biotech companies segment is expected to remain the largest end-user segment of the market, owing to the increasing demand for drug development and safety assessment.
Conclusion
The global ADME toxicology testing market is a rapidly growing market, driven by the increasing demand for drug development and chemical safety assessment. The market is expected to continue to grow at a significant rate over the next few years, driven by the adoption of in-vitro testing methods and the increasing demand for personalized medicine and green chemistry. The pharmaceutical and biotech companies segment is expected to remain the largest end-user segment of the market, owing to the increasing demand for drug development and safety assessment. The market is highly competitive, with a large number of players operating in the market.