According to this latest publication from Meticulous Research®, the global in-vitro toxicology testing market is expected to grow at a CAGR of 9% from 2019 to reach $14.4 billion by 2025. The growth of this market is driven by factors, such as ethical issues and pressure from animal activists’ groups concerning the use of animals for testing, ban on animal testing on cosmetic products, support from regulatory bodies regarding the approval of in-vitro tests, low costs associated with in-vitro toxicology testing, and advancements in in-vitro methodologies.
Moreover, synergetic relationships between various stakeholders in the industry and increasing toxicology databases to facilitate the use of in-vitro test methods are expected to offer significant growth opportunities for the players operating in this market.
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The global in-vitro toxicology testing market study presents historical market data in terms of value (2018), estimated current data (2019), and forecasts for 2025-by product & service (equipment, assay kits, consumables, software, services), technology (cell culture technologies, high-throughput screening technologies, OMICS technologies), method (cell-based assays, biochemical assays, in-silico, ex-vivo), end-point (ADME; skin irritation, corrosion, sensitization; genotoxicity; cytotoxicity; ocular toxicity; organ toxicity; phototoxicity; and dermal toxicity), end-user (pharmaceutical & biotechnology industries, cosmetics industry, food industry, and chemical industry). The study also evaluates industry competitors and analyzes the market at a regional and country level.
This research report analyzes major geographies and provides comprehensive analysis of Europe (Germany, U.K., France, Italy, Spain, and RoE), North America (U.S., Canada), Asia-Pacific (China, Japan, India,and RoAPAC), Latin America, and Middle East & Africa. Europe commanded the largest share of the global in-vitro toxicology testing market, followed by North America and Asia Pacific (APAC).
The large share of this region is mainly attributed to the factors such as ban on animal testing for cosmetics and its ingredients, and government initiatives to promote the reduction of use of animals for toxicity testing. Asia-Pacific region is expected to grow at the highest CAGR during the forecast period of 2019 to 2025, owing to increasing biotech investments in this region and growing collaborations between local and foreign companies.
Asia Pacific: The Fastest Growing Regional Market
Asia-Pacific region is expected to grow at the fastest CAGR during the forecast period of 2019 to 2025, owing to increasing biotech investments in this region and increasing collaborations between local and foreign companies. Countries like China, India, South Korea etc. are a hub for biotechnology R&D investments in this region. Many countries in this region have already banned the use of animals for toxicity testing in cosmetics, while many are considering a ban. Thus, factors such as huge R&D investments and initiatives to develop in-vitro methods are expected to boost the in-vitro toxicology testing market in this region.
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The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 5 years. The key players profiled in the global in-vitro toxicology testing market research report are SGS S.A., Covance, Inc. (A Part of Laboratory Corporation of America Holding), Bio-Rad Laboratories, Inc., Qiagen N.V., GE Healthcare, Eurofins Scientific SE, Merck KGAA, Thermo Fisher Scientific, Inc., Charles River Laboratories International, Inc., and Catalent, Inc. among others.
Scope of the Report:
Market by Product & Service
Market by Technology
Cell Culture Technologies
High-Throughput Screening Technologies
Market by Method
Market by End-point
Skin Irritation, Corrosion, Sensitization
Other Toxicity End-points
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Key questions answered in the report-
Which are the high growth market segments in terms of product & service, technology, method, end-point, end-user, and region/countries?
What was the historical market size for in vitro toxicology testing across the globe?
What are the market forecasts and estimates for the period 2019-2025?
What are the major drivers, restraints, opportunities, and challenges in the global in vitro toxicology testing market?
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