Lucintel Forecasts Pharmacokinetic Service Market to Grow at a CAGR of 7%-9% from 2020 to 2025

According to the recent study the pharmacokinetic service market is projected grow at a CAGR of 7%-9% from 2020 to 2025. Growth in this market is primarily driven by reduce concerns about high drug attrition and enable early identification of potential challenge.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in pharmacokinetic service market by drug type (small molecule pharmacokinetic services and large molecule (biopharmaceutical) pharmacokinetic), end user (hospitals and pharmaceutical companies), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Small molecule pharmacokinetic services market is expected to remain the largest segment during the forecast period.”

Based on drug type, the pharmacokinetic service market is segmented into small molecule pharmacokinetic services and large molecule. Lucintel forecasts that the small molecule pharmacokinetic services market is expected to remain the largest segment due to the increasing emphasize on studying molecule of smaller atomic weight and drug metabolism.

“North America will dominate the pharmacokinetic service market in near future.”

North America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to the presence of a large number prominent pharmaceutical companies in the region and presence of effective regulatory structure pertaining to drug development processes including PKPD (pharmacokinetic and pharmacodynamics determinant) and toxicology studies in the region.

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Major players of pharmacokinetic service market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Evotec, Certara, Pacific BioLab, GVK Biosciences, Shanghai Medicilon, Pharmaceutical Product Development, Charles River Laboratories International, PAREXEL International Corporation, Eurofins Scientific, and Frontage Labs are among the major pharmacokinetic service providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pharmacokinetic-service-market.aspxor helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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