Latest Trends and Opportunities in Global Pharmacokinetics Market
According to a new report published by Reports Monitor titled, “Global Pharmacokinetics Market, Growth Opportunities, Innovations and Forecast, 2017-2025,”the pharmacokinetics market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Pharmacokinetics is the study of reaction of a body to the drug once it is administered; it is vital part of the drug discoveries process. Rising number of drugs demanded in the market and pharmaceutical company’s strategy to expand product portfolio by developing new drug molecules drives the growth of the pharmacokinetics market.
Major vendors operating in the global pharmacokinetics market are: Charles River Laboratories International, Inc., PAREXEL International Corporation, Eurofins Scientific, Inc., Frontage Labs, SGS SA, LGC Limited, Evotec AG;Certara, L.P., Pacific BioLabs, GVK Biosciences Private Limited, Shanghai Medicilon Inc., Pharmaceutical Product Development, LLC, and Creative Bioarray.
Stricter government regulation process to approve drug in the market and rising R7D activity by pharmaceutical companies are propels the growth of the market. Availability of contract research organization reduces workload of major players in pharmaceutical companies led to rising the R&D activity results in expansion of the pharmacokinetics market.
This report provides a detailed analysis of Pharmacokinetics market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
Segmentation of pharmacokinetics market is majorly focused on of types. Based on type the market is segmented into small molecules and large molecules.
Global Pharmacokinetics market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of large number of pharmaceutical companies, stricter regulatory bodies and increased R&D activity are driving the growth of the market in North America. Growing pharmaceutical companies, lucrative market for pharmaceutical companies and government support to the R&D activity are contributing the growth of the pharmacokinetics market in Asia-Pacific.
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