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.
The purpose of the report is to illustrate the state of the market of In – Vitro ADME Services, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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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
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global In – Vitro ADME Services buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of In – Vitro ADME Services contains:
Analysis and forecast of In – Vitro ADME Services market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the In – Vitro ADME Services market;
Assessment and forecast of In – Vitro ADME Services market development;
Financial and business profiles of the leading companies in the In – Vitro ADME Services industry.
– Up to date working In – Vitro ADME Services data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed In – Vitro ADME Services for the period 2018 to 2026
– Planned In – Vitro ADME Services additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new In – Vitro ADME Services projects by region, key countries, and companies
– Details of major planned In – Vitro ADME Services projects in the world up to 2026
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