29 July 2020
Visiongain has launched a new report Pharmacokinetics Services Market Report 2020-2030: Forecasts by Drug Type (Small Molecules, Large Molecules) and by Region (North America, Europe, Asia Pacific, Latin America & MEA), Including Forecasts by Major Developed Countries and Developing Countries, Plus Profiles of Leading Companies.
Pharmacokinetics is a branch of pharmacology that helps to study how the body affects any specific drug after administration. It helps to analyse the metabolic changes that the drug will undergo from the time of administration to complete elimination. This study helps researchers understand the chemical changes that a drug will undergo and how it is affected by the dosage of drug and the route of administration. Pharmacokinetics helps to understand the rate of drug attrition. Pharmaceutical companies are adopting the trend of pharmacokinetic analysis to reduce the risk of high drug attrition. Thus, the increase in attrition rate of drugs undergoing clinical trials owing to poor pharmacokinetics is a major factor increasing the demand for pharmacokinetics services.
As there is risk of drug attrition in advanced clinical trial phases, pharmacokinetic investigations should be conducted at each developmental stage. These investigates help to determine modifications that would be required to avoid any potential challenges that may be caused during later stage of drug development. Furthermore, pharmacokinetic studies also help in other drug discovery functions such as clinical pharmacology and toxicology. Thus, pharmacokinetic has gained importance in drug discovery and development and regulatory bodies have increased focus to standardize pharmacokinetic protocols.
The increase in the number of pipeline products and ongoing clinical trials and conference focused on increasing awareness regarding the importance of pharmacokinetics further drives the growth of global pharmacokinetics services market. As each drug candidate requires different pharmacokinetic protocol, it is a time consuming and expensive process. Thus, the high cost of pharmacokinetics studies is expected to hamper the market growth. Limitations relate to in vitro pharmacokinetic studies such as lack of standardized protocol to predict complete interactions of target organ and drug candidate is also expected to thwart the market growth.
The Visiongain report analyst commented “the rise in awareness regarding the importance of implementing pharmacokinetic studies during drug discovery and development have motivated the regulatory bodies to standardize pharmacokinetic protocols, which in turn will increase the demand for pharmacokinetic services. The increase in the number of drugs in pipeline and the need to reduce high drug attrition during each phase of clinical trial are further driving the growth of the pharmacokinetics services market”.
The report covers a detailed competitive outlook that includes market share and company profiles of key players operating in the global market. Key players profiled in the report include Evotec AG,Certara, L.P., Pacific BioLabs, GVK Biosciences Private Limited, Shanghai Medicilon Inc., Pharmaceutical Product Development, LLC, Charles River Laboratories International, Inc., PAREXEL International Corporation, Eurofins Scientific, Inc., and Frontage Labs.
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