Global Adme Toxicology Testing Market - Growth, Share, Analysis and Forecast 2016 - 2022

Global ADME Toxicology Testing Market is Expected to Reach USD 14,319.9 Mn by 2022

The latest market report published by Credence Research, Inc. “Global ADME Toxicology Testing Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2022,” the ADME toxicology testing was valued at USD 6,986.2 Mn in 2015, and is expected to reach USD 14,319.9 Mn by 2022, expanding at a CAGR of 10.6% from 2016 to 2022.

Browse the full report ADME Toxicology Testing Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 report at http://www.credenceresearch.com/report/adme-toxicology-testing-market

Market Insights

ADME is the abbreviation for absorption distribution, metabolism and elimination, a pharmacology and pharmacokinetics term that describes the disposition of a drug or compound inside the human body. ADME comprises set of four processes that develop the performance of a drug on human tissue and ADME toxicology testing is applied for the development of a new drug. ADME toxicology facilitated pharmaceutical manufacturing company to minimize their drug discovery time, testing complications, and to reduce the cost of drug development. The growing application of ADME toxicology testing by pharmaceuticals and biotechnology companies is assisting the market growth of the ADME toxicology testing market.

One of the key factors responsible for late stage drug failures is the inability of drug candidates to imitate in humans the safety profile witnessed in animal models. Before introduction and acceptance of ADME toxicology testing, drug development process included toxicity and efficacy testing in in-vivo environment which was responsible for late stage failure of drugs in human body due to anatomical and genetic differences between animals and humans.

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To overcome this barrier of drug failure manufacturers across the globe opted...