Increment in the protection from animal testing, ascend in awareness for animal assurance, raising interest for cost-saving toxicology testing are relied upon to foster the development of the In-Vitro Toxicology/Poisonousness Testing market in the forecast period.
According to the current analysis of Reports and Data, the global In-Vitro Toxicology/Poisonousness Testing market was valued at USD 7.2 billion in 2019 and is expected to reach USD 14.6 billion by 2027, at a CAGR of 9.1 %. The opposition to animal testing, innovative advancements, and expanding RD consumption to distinguish poisonousness at the beginning phase during drug improvement are the essential development factors for this industry. The expanding focus of the pharmaceutical and cosmetics products enterprises on utilizing in-vitro strategies for product testing alongside the growth in silico techniques for prescient toxicology contemplates are required to offer enormous opportunities for players in this market.
The widening horizon of high-throughput screening (HTS) strategies has urged drug makers to embrace these practical and time-effective procedures for toxicological assessment. For example, in October 2019, the HTS information from the ToxCast program, started by the U.S. EPA to assess the toxic capability of synthetic compounds, was used for the risk evaluation of food contact materials an assessment system called RISK 21.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
Covance, Bio-Rad Laboratories, Inc., GE Healthcare, Thermo Fisher Scientific Inc., Eurofins Scientific SE, Merck KGaA, Charles River Laboratories International, Inc., Catalent, Inc., Cyprotex, QIAGEN N.V., Promega Corporation, and Gentronix Limited.
Market Segmentation by Types:
Products and Services Outlook (Revenue in USD Billion; 2017–2027)
- Bacterial Poisonousness Assays
- Enzyme Poisonousness Assays
- Cell Based Elisa and Western Blots
- Tissue Culture Assays
- Receptor Binding Assays
- Other Assays
- Reagents and Labwares
Technology Outlook (Revenue in USD Billion; 2017–2027)
- Cell Culture
Methods Outlook (Revenue in USD Billion; 2017–2027)
- Cellular Assays
- Biochemical Assays
End Point Outlook (Revenue in USD Billion; 2017–2027)
- Occular Poisonousness
- Organ Poisonousness
- Photo Poisonousness
- Dermal Poisonousness
- Skin Irritation, Corrosion, Sensitization
End-Use Outlook (Revenue in USD Billion; 2017–2027)
- Pharmaceutical Industry
- Chemicals Industry
- Cosmetics and Household Products
- Food Industry
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global In-Vitro Toxicology/Poisonousness Testing market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Further key findings from the report suggest
- North America held the largest market share of 35.9% in the year 2019. High government activities for mindfulness in the insurance of the animals are boosting the development of the market.
- Organ Poisonousness held the most significant piece of the overall industry in the year 2019. The portion is additionally expected to develop at the pace of 8.9%, owing to it to the developing concentration upon drug safety.
- Dermal Poisonousness by End-Point section held a piece of the overall industry of 22.1% in the year 2019. The segment is expected to develop at the most prominent rate because of the increasing requirement for cosmetic industry advancements.
- The expanding interest in cost-sparing toxicology testing and rising research and development will fuel the market development in APAC.
- About 47.6% of the global In-Vitro Toxicology market is occupied by Cell Culture segment.
- In May 2019, Avon, a cosmetics organization, has expressed its help for a worldwide restriction on animal testing of makeup, as a component of the coordinated effort with animal protection NGO, Humane Society International. The rising joint efforts to prevent animal testing in the makeup business are foreseen to drive the market for the upcoming forecast period.
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