Lucintel Forecasts In-vitro Toxicology Testing Market To Grow At A Cagr Of 10%-12%

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According to the recent study the in-vitro toxicology testing market is projected to grow at a CAGR of 10%-12% from 2020 to 2025. Growth in this market is primarily driven by opposition to animal testing and increasing research & development expenditure to detect toxicity at an early stage during drug development.
Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in in-vitro toxicology testing market by product & service (consumables, assays (bacterial toxicity assays, enzyme toxicity assays, cell-based elisa & western blots, receptor-binding assays, tissue culture assays, and other assays), equipment, software, and services), method (cellular assays, biochemical assays, in silico models, and ex vivo models), toxicity endpoint & test (ADME, skin irritation, corrosion, & sensitization, genotoxicity testing, cytotoxicity testing, ocular toxicity, organ toxicity, phototoxicity testing, dermal toxicity, and other toxicity endpoints & tests), end use industry (pharmaceuticals & biopharmaceuticals, cosmetic & household products, ...
... food, and chemicals), technology (cell culture technologies, high-throughput technologies, and toxicogenomics), and region (North America, Europe, Asia Pacific, and Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/in-vitro-toxicology-testing-market.aspx
“Consumables market is expected to remain the largest segment during the forecast period.”
Based on product & service, the in-vitro toxicology testing market is segmented into consumables, assays (bacterial toxicity assays, enzyme toxicity assays, cell-based elisa & western blots, receptor-binding assays, tissue culture assays, and other assays), equipment, software, and services. Lucintel forecasts that the consumables market is expected to remain the largest segment during the forecast period due to increasing demand for high-quality reagents and the repeated use of media and reagents in in-vitro toxicology studies.
“Within the forensic technology market, the pharmaceuticals & biopharmaceuticals segment is expected to remain the largest end use industry.”
Based on end use industry, the pharmaceuticals & biopharmaceuticals segment is expected to witness the largest segment over the forecast period due to high usage of toxicology testing in pharmacokinetic analysis of novel and generic modified pharmaceutical products and presence of several drug candidates in the pipeline.
“Asia Pacific will dominate the in-vitro toxicology testing market in near future.”
Asia Pacific is expected to be the largest region over the forecast period due to the 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 in the region.
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Major players of in-vitro toxicology testing 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. Thermo Fisher Scientific, Covance, Bio-Rad Laboratories, GE Healthcare, Eurofins Scientific, Merck, Charles River Laboratories, Catalent, Cyprotex, SGS, QIAGEN, Promega Corporation, Gentronix, BioIVT, and MB Research Laboratories are among the major in-vitro toxicology testing 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/in-vitro-toxicology-testing-market.aspx or 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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