In vitro ADME testing services market is likely to be worth USD 2.2 billion by 2030{RootsAnalysis}

Roots Analysis has done a detailed study on ““In Vitro ADME Testing Services Market, 2019-2030”” covering key aspects of the industry’s evolution and identifying potential future growth opportunities.

To order this 280+ page report, which features 135+ figures and 120+ tables, please visit this – https://www.rootsanalysis.com/reports/view_document/in-vitro-adme-testing-services-market-2019-2030/239.html

Key Market Insights
 Over 90 firms are actively involved in providing vitro ADME testing services; of these, over 30 players claim to have the capabilities to offer end-to-end services
 Majority of the companies offer assays for drug metabolism and elimination testing for both small molecule and biologic drugs; followed by companies offering assays for absorption and distribution testing
 Featuring the presence of small-mid sized firms, the in vitro ADME testing service provider landscape is well-distributed across various regions; these players have adopted various business models to cater to the evolving needs of the clients
 Several players involved in this domain are steadily expanding their capabilities in order to enhance their respective in the in vitro ADME testing service portfolios and maintain a competitive edge in this industry
 Various mergers and acquisitions have taken place from 2005-2018 between industry stakeholders in this domain, for addition of capabilities (primarily related to drug metabolism and pharmacokinetics testing) and geographical expansion / consolidation
 Driven by the increasing demand for effective pharmacological interventions across a wide range of therapeutic areas, the market is expected to witness sustained growth in future
 In the long-term, the projected opportunity is anticipated to be well distributed across various geographies, type of sponsors and type of services / assays

Contact Details

Gaurav Chaudhary

+1 (415) 800 3415

gaurav.chaudhary@rootsanalysis.com

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In vitro ADME testing services market is likely to be worth USD 2.2 billion by 2030(RootsAnalysis)

Roots Analysis has announced the addition of “In Vitro ADME Testing Services Market, 2019-2030” report to its list of offerings.

According to the US Food and Drug Administration (USFDA), less than 10% of investigational new drug (IND) candidates progress beyond the submission of a new drug application (NDA); this implies that majority of the drug / therapy candidates fail to reach the market owing to unacceptable safety and efficacy profiles and the problems associated with their pharmacokinetic profiles, ADME properties and inherent toxicity. ADME studies are considered to be critical in establishing the safety and efficacy of drug candidates.

To order this 280+ page report, which features 135+ figures and 120+ tables, please visit this – https://www.rootsanalysis.com/reports/view_document/in-vitro-adme-testing-services-market-2019-2030/239.html

Key Market Insights

Nearly 100 players currently claim to provide in vitro ADME testing services
Nearly 60% of these companies are small and mid-sized firms. Further, close to 35% of the CROs engaged in this domain, claim to provide services to both pharmaceutical companies and academic institutes.

Nearly 80% of in vitro ADME testing service providers are based in the developed geographies
Within North America, the US has the maximum number of players, whereas, in Europe, most of the service providers are distributed across France, Germany, the UK, and Spain. On the other hand, there are companies that are using this approach for drug discovery operations, in emerging regions, such as Australia, India and China, as well.

Over 85% companies claim to offer assays for drug metabolism and elimination testing
Further, nearly 70% companies claim to have capabilities to conduct absorption and distribution related studies, respectively.

Contact:

Gaurav Chaudhary

+1 (415) 800 3415

Gaurav.Chaudhary@rootsanalysis.com

Leave a Reply

Your email address will not be published. Required fields are marked *