In-Vitro Toxicology Testing Trends and Forecast
The future of the global in-vitro toxicology testing market looks promising with opportunities in the pharmaceutical industry, cosmetics & household product, academic institutes & research laboratories, diagnostic, chemicals industry, and food industry. The global in-vitro toxicology testing market is expected to reach an estimated $18.8 billion by 2030 with a CAGR of 9.3% from 2024 to 2030. The major drivers for this market are increasing attention to in vitro techniques for customized medicine and drug discovery, growing public opposition to animal experimentation, and work on early-stage toxicity detection through research and development.In-Vitro Toxicology Testing by Segment
The study includes a forecast for the global in-vitro toxicology testing by method, technology, application, end use, and region.In-Vitro Toxicology Testing Market by Method [Shipment Analysis by Value from 2018 to 2030]
- Cellular Assay
- Biochemical Assay
- In-Silico
- Ex-Vivo
In-Vitro Toxicology Testing Market by Technology [Shipment Analysis by Value from 2018 to 2030]
- Cell Culture Technology
- High Throughput Technology
- Molecular Imaging
- OMICS Technology
In-Vitro Toxicology Testing Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Systemic Toxicology
- Dermal Toxicity
- Endocrine Disruption
- Occular Toxicity
- Others
In-Vitro Toxicology Testing Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Pharmaceutical Industry
- Cosmetics & Household Products
- Academic Institutes & Research Laboratories
- Diagnostics
- Chemicals Industry
- Food Industry
In-Vitro Toxicology Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of In-Vitro Toxicology Testing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies in-vitro toxicology testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the in-vitro toxicology testing companies profiled in this report include-- Charles River Laboratories International
- SGS
- Merck
- Eurofins Scientific
- Abbott Laboratories
- Laboratory Corporation of America
- Evotec
- Thermo Fisher Scientific
- Quest Diagnostics
- Agilent Technolgies
In-Vitro Toxicology Testing Market Insights
The publisher forecasts that systemic toxicology will remain the largest segment over the forecast period.North America will remain the largest region over the forecast period due to the rise in government funding for therapeutic research, the rise in healthcare spending, the development of sophisticated infrastructure and drug discovery procedures, and the robust regulatory environment for approval.
Features of the Global In-Vitro Toxicology Testing Market
- Market Size Estimates: In-vitro toxicology testing market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: In-vitro toxicology testing market size by various segments, such as by method, technology, application, end use, and region in terms of value ($B).
- Regional Analysis: In-vitro toxicology testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different method, technology, application, end use, and regions for the in-vitro toxicology testing market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the in-vitro toxicology testing market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the in-vitro toxicology testing market size?Answer: The global in-vitro toxicology testing market is expected to reach an estimated $18.8 billion by 2030.
Q2. What is the growth forecast for in-vitro toxicology testing market?
Answer: The global in-vitro toxicology testing market is expected to grow with a CAGR of 9.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the in-vitro toxicology testing market?
Answer: The major drivers for this market are increasing attention to in vitro techniques for customized medicine and drug discovery, growing public opposition to animal experimentation, and work on early-stage toxicity detection through research and development.
Q4. What are the major segments for in-vitro toxicology testing market?
Answer: The future of the global in-vitro toxicology testing market looks promising with opportunities in the pharmaceutical industry, cosmetics & household product, academic institutes & research laboratories, diagnostic, chemicals industry, and food industry.
Q5. Who are the key in-vitro toxicology testing market companies?
Answer: The major drivers for this market are increasing attention to in vitro techniques for customized medicine and drug discovery, growing public opposition to animal experimentation, and work on early-stage toxicity detection through research and development.
- Charles River Laboratories International
- SGS
- Merck
- Eurofins Scientific
- Abbott Laboratories
- Laboratory Corporation of America
- Evotec
- Thermo Fisher Scientific
- Quest Diagnostics
- Agilent Technolgies
Answer: The publisher forecasts that systemic toxicology will remain the largest segment over the forecast period.
Q7. In in-vitro toxicology testing market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the rise in government funding for therapeutic research, the rise in healthcare spending, the development of sophisticated infrastructure and drug discovery procedures, and the robust regulatory environment for approval.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the in-vitro toxicology testing market by method (cellular assay, biochemical assay, in-silico, and ex-vivo), technology (cell culture technology, high throughput technology, molecular imaging, and omics technology), application (systemic toxicology, dermal toxicity, endocrine disruption, occular toxicity, and others), end use (pharmaceutical industry, cosmetics & household products, academic institutes & research laboratories, diagnostics, chemicals industry, and food industry), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global In-Vitro Toxicology Testing Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Charles River Laboratories International
- SGS
- Merck
- Eurofins Scientific
- Abbott Laboratories
- Laboratory Corporation of America
- Evotec
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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