04 September 2019
Visiongain has launched a new pharma report ADME Toxicology Testing Market Forecast : By Technology (Cell Culture, OMICS Tech), By Application (Systemic Toxicity, Renal Toxicity), By Method, By Region, And Segment Forecasts
The global ADME Toxicology Testing market is poised for rapid growth between 2019 and 2029. An increasing number of drug molecules has failed in the final stages of clinical trials, resulting in precious time loss and investments in drug discovery and development. This has led to greater investments in the discovery of new technologies for toxicity testing, which is destined to strengthen the market over the next decade.
ADME toxicology tests are now conducted during the design and development of drugs to prevent any late-stage failure and to ensure a systematic assessment to prevent the potential loss of a molecule or investment. Most companies follow GLP and non-GLP testing procedures to meet regulatory standards.
With the growing need for new therapies for a number of conditions, it is likely that almost all technology segments will present profitable opportunities in the forecast period. The analysis of the processed and screened data is the most important step and must be managed precisely for the required results. Recent trends have seen the development of software and chemical libraries that can help establish the best standards and the communication of results.
The leading companies in the report include Accelrys Inc.; Agilent Technologies, Inc.; Albany Molecular Research Inc.; Beckman Coulter Inc.; Catalent Inc.; Charles River Laboratories International Inc.; AbbVie; Actelion Pharmaceuticals; Amgen; Biocon; BioMarin; Boehringer Ingelheim; Bristol-Myers Squibb; Cipla; and CymaBay Therapeutics.
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