Transparency Market Research Report Added "ADME Toxicology Testing Market" to its database.
Albany, NY -- (SBWIRE) -- 10/06/2015 -- ADME is the process of absorption, distribution, metabolism and elimination of chemicals or drugs that describe their disposition inside a human body. The four processes influence the performance of a particular drug toward human tissues; toxicology testing before introducing a particular drug is increasingly becoming important. For the development of a new drug, ADME toxicology testing is being adopted at a rapid rate by all pharmaceutical and biotechnology companies to reduce their drug discovery, testing and development costs. The ADME toxicology testing market has been categorized in three major segments namely in-silico testing, in-vitro testing and in-vivo testing. In-vitro testing is further classified into biochemical and cell (liver, kidney and intestinal) based assays.
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The major drivers for global ADME toxicology testing market are increasing number of drug developments; increasing demand from various pharmaceutical and biotechnology companies worldwide due to reduction in the costs involved in various tests during the drug development process, reduced new drug commercialization time and reduction in the number of drug failures that occurred earlier mainly due to ADME and Toxicology issues. Technological advancement such as usage of in silico techniques that use computer based testing methods for faster results will also drive this market in future. Modern cell based assays are gaining much acceptance worldwide and hence will drive this market in the coming future.
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North America holds the largest share in the global ADME toxicology testing market and is expected to maintain its leadership position in future as well. The North American market is closely followed by the European market. Their market leadership was attributed to the fact that the major pharmaceutical companies are domiciled in the U.S. and European countries. Asia-Pacific market is expected to observe the fastest rate of growth in future due to increasing government support and collaborations with the foreign pharmaceuticals and research companies.
Some of the major players in the ADME toxicology testing market are Accelrys, Inc., Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., Beckman Coulter, Inc., Caliper Life Sciences, Inc., Cyprotex PLC., Cellartis AB, Life Technologies Corporation, Molecular Discovery Ltd., Optivia Biotechnology, Inc., and Thermo Fisher Scientific, Inc.
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About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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