According to the new market research report In Vitro Toxicology Testing Market is expected to reach USD 14.9 billion by 2025 from an estimated USD 9.1 billion in 2020, at a CAGR of 10.3%.
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The
major factors driving the growth of this in vitro toxicity testing
market are the opposition to animal testing, technological advancements,
and increasing R&D expenditure to detect toxicity at an early stage
during drug development are the primary growth drivers for this market.
By
product and service, the consumables segment is expected to account for
the largest share of the in vitro toxicology testing market
The
consumables segment is estimated to account for the largest market share
in 2019. The large share of this segment can be attributed to the
increasing demand for high-quality reagents and the repeated use of
media and reagents in in vitro toxicology studies.
In the
toxicity endpoints and tests market, the organ toxicity segment is
expected to grow at the highest CAGR during the forecast period
The
organ toxicity segment is expected to grow at the highest CAGR during
the forecast period. The growth in this segment can be attributed to
factors such as the increasing focus on drug safety and consumer-product
safety, along with the need to screen potential drug targets during the
early stage of drug development.
Based on the technologies used
in the in vitro toxicology testing, the cell culture technologies
segment is expected to account for the largest share of the in vitro
toxicology testing market
The cell culture technologies segment
is estimated to account for the largest market share in 2018. The large
share of this segment can be attributed to the fact that it is the most
preferred technique for toxicity testing, being capable of mimicking in
vivo conditions.
Asia Pacific is estimated to be the fastest-growing market for in vitro toxicology testing during the forecast period
The
APAC in vitro toxicology testing market is projected to register the
highest growth during the forecast period. Factors such as emergence of
CROs for outsourcing toxicology-related research projects, opposition to
animal testing resulting in the use of alternate methods, increasing
pharmaceutical drug pipeline, and growing consumer awareness of product
safety are some of the key factors driving the growth of the market in
the APAC.
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The
prominent players in the in vitro toxicology testing market include
Thermo Fisher Scientific Inc. (US), Covance (US), Bio-Rad Laboratories,
Inc. (US), GE Healthcare (US), SGS S.A. (Switzerland), QIAGEN N.V.
(Germany), Promega Corporation (US), Eurofins Scientific SE
(Luxembourg), Merck KGaA (Germany), Charles River Laboratories
International, Inc. (US), Catalent, Inc. (US), Cyprotex (UK), Gentronix
Limited (UK), BioIVT (US), and MB Research Laboratories (US).
Contact:
Mr. Aashish Mehra
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Tuesday, October 26, 2021
In Vitro Toxicology Testing Market Insights on Scope and Growing Demands 2025
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