Dublin, Aug. 27, 2018 (GLOBE NEWSWIRE) -- The "Pharmacokinetics Services Market Size, Share & Trends Analysis Report By Drug Type (Small Molecules, Large Molecules (Biopharmaceuticals)), By Region, Competitive Landscape, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering. The global pharmacokinetics services market size is expected to reach USD 1.2 billion by 2025, registering an 8.3% CAGR during the forecast period. Rising adoption of pharmacokinetic and toxicology studies for determination of several parameters such as no-observed-effect levels (NOEL), human equivalent doses (HED) levels, and pharmacokinetic/pharmacodynamic (PK/PD) drivers are expected to fuel market growth. Thorough understanding of the pharmacokinetic profile of a potential drug candidate plays a major role in the success of a drug discovery program. In addition to this, regulatory bodies have played a major role in the progress of this market through establishing defined guidelines for conducting PK studies. There are a substantial number of CROs engaged in conducting PK studies in accordance with relevant EMEA, ICH, FDA, GCP, and other regulatory guidelines. Growing concern for effective implementation of PK services in the drug development process is anticipated to drive investments in this sector. Several conferences and certification courses are being conducted across the world to increase the understanding of various paradigms associated with pharmacokinetics application in clinical and preclinical drug development. Further key findings from the report suggest:
- Based on drug type, PK services for small molecules dominated the market in 2017 and is expected to maintain its lead during the forecast period fueled by high service penetration and growing popularity of generics
- PK services for large molecules are expected to grow significantly during the forecast period, driven by presence of significant number of biologics and biosimilars in the clinical development phase
- Presence of a large number of biopharmaceutical and pharmaceutical manufacturing entities in U.S. has resulted in North America accounting for the largest share in 2017
- Asia Pacific is expected to grow lucratively throughout the forecast period thanks to constant economic growth in several countries, which has attracted significant attention from global CROs and resulted in business expansions
- Pharmaceutical Product Development, LLC; Charles River Laboratories International, Inc.; PAREXEL International Corporation; and Eurofins Scientific, Inc. are some of the key service providers
- These CROs are undertaking various initiatives in order to capitalize on new market avenues and enhance their share in the future market.
Key Topics Covered: Chapter 1 Executive Summary 1.1 Market Snapshot Chapter 2 Research Methodology 2.1 Information procurement 2.2 Data Analysis Chapter 3 Pharmacokinetics Services Market Variables, Trends & Scope 3.1 Market Segmentation & Scope 3.1.1 Market driver analysis 3.1.1.1 Focused efforts to establish a standardized pharmacokinetic monitoring approach 3.1.1.2 Robust drug pipeline and ongoing clinical studies 3.1.1.3 Conferences that aimed at growing awareness about the role of pharmacokinetics 3.1.2 Market restraint analysis 3.1.2.1 Limitations associated with in vitro PKPD studies 3.2 Penetration & Growth Prospect Mapping For Drug Type, 2017 3.3 Swot Analysis, By Factor (Political & Legal, Economic And Technological) 3.4 Industry Analysis - Porter's Chapter 4 Pharmacokinetics Services Market: Drug Type Estimates & Trend Analysis 4.1 Pharmacokinetics Services Market: Drug Type Movement Analysis 4.2 Small Molecule Pharmacokinetics Services 4.3 Large Molecule Pharmacokinetic Services Chapter 5 Pharmacokinetics Services Market: Regional Estimates & Trend Analysis, by Drug Type Chapter 6 Competitive Landscape
- 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.
- Frontage Labs
- SGS SA
- LGC Limited
- Creative Bioarray
For more information about this report visit https://www.researchandmarkets.com/research/q...etics?w=12
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Drug Discovery
