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.
Browse the full report Global In- Vitro ADME Services Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2023 at http://www.credenceresearch.com/report/in-vitro-adme-services-market
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 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
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 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 the North America and 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 budding market for research and development due to cost effectiveness and reduced time line
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, 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
Browse Full Report: http://www.credenceresearch.com/report/in-vitro-adme-services-market
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 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 major driver for the ADME in vitro market
- Evolution of Pre-clinical ADME toxicity plays 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
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