In-vitro Toxicology/Toxicity Testing Market to grow at a CAGR of 9% from 2019 to reach $14.4 billion by 2025. : Meticulous Research®
In-Vitro Toxicology/Toxicity Testing Market by Product and Service, Technology (Cell Culture, OMICS), Method (Cell-based Assays, In-Silico), End-point (ADME, Genotoxicity, Organ Toxicity, Dermal Toxicity), End-user, and Geography – Global Forecast to 2025
Pune, India – January 17, 2020 /MarketersMedia/ —
Technological advancements in in-vitro toxicity testing procedures have offered high potential for toxicity detection and has paved the way to facilitate transition from animal testing to in-vitro testing. Further, increasing focus of the pharmaceutical and cosmetic industries towards welfare of the environment and public health by adopting in-silico approaches for product testing has imparted robust growth to the in-vitro toxicity/toxicity testing market.
Meticulous Research® in its latest publication on in-vitro toxicology/toxicity testing market states that the global in-vitro toxicology/toxicity testing market will increase at a CAGR of 9% from 2019 to 2025 to reach $14.4 billion by 2025.
Growth of the global in-vitro toxicology/toxicity testing market is mainly attributed to ethical issues and pressure from animal activists’ groups concerning the use of animals for testing, ban on animal testing for cosmetic products, support from regulatory bodies regarding the approval of in-vitro tests, low costs associated with in-vitro toxicity testing, and advancements in in-vitro testing methodologies. In addition, synergetic relationships between various stakeholders in the industry and increasing toxicology databases to facilitate the use of in-vitro test methods offer significant growth opportunities for the players operating in in-vitro toxicology/toxicity testing market.
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To provide efficient analysis, Meticulous Research has segmented this market on the basis of 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; dermal toxicity; and others), end-user (pharmaceutical & biotechnology industry, cosmetic industry, food industry, and chemical industry), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Wherein, geographically, North America commanded the largest share of the in-vitro toxicology/toxicity testing market followed by Europe. The major share of North America is mainly attributed to ban on animal testing for cosmetics and its ingredients in the region and government initiatives to promote the reduction of use of animals for toxicity testing. However, 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.
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Key Topics Covered In Report|::
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
1.3. Currency
1.4. Limitations
1.5. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
3.1. Introduction
3.2. Market Dynamics
3.3. Market Assessment, by Product
3.4. Market Assessment, by Technology
3.5. Market Assessment, by Method
3.6. Market Assessment, by End Point
3.7. Market Assessment, by End User
3.8. Regional Analysis
3.9. Competitive Analysis
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Ban on Animal Testing for Cosmetics
4.2.2. Need to Develop Early Toxicology Testing Methods
4.2.3. Advancements in In Vitro Methodologies
4.2.4. Low Cost Associated with In Vitro Methodologies
4.3. Restraints
4.3.1. Failure to Establish Intricacies of In Vivo Conditions
4.3.2. Limited In Vitro Models to Test Complex Endpoints
4.4. Opportunities
4.4.1. Synergistic Relationships between Industry Stakeholders
4.4.2. Increasing Toxicology Databases
4.5. Regulatory Agencies
5. In Vitro Toxicology Testing Market, by Product and Service
5.1. Introduction
5.2. Equipment
5.3. Assay Kits
5.4. Consumables
5.5. Software
5.6. Services
Browse key industry insights spread across 189 pages with 120 market data tables & 30 figures & charts from the report:
https://www.meticulousresearch.com/product/in-vitro-toxicology-toxicity-testing-market-5047/
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.
In terms of product, the consumables segment accounted for the largest share of the in-vitro toxicology/toxicity testing market in 2019. The large share of this segment is mainly attributed to the increasing number of in-vitro tests being performed across the globe leading to recurrent purchase of reagents and other related labware.
In terms of technology, cell culture technologies accounted for the largest share of the in-vitro toxicology testing market in 2019, owing to growing adoption of 3D cell culture and stem cell models for toxicity testing.
Whereas, on the basis of testing method, the cell-based assays segment accounted for the largest share of in-vitro toxicology testing market in 2019. Advancements in cell-based technologies such as high-content screening and label-free detection are the key factors contributing to the large share of this segment in the global in-vitro toxicology/toxicity testing market.
Key Players::
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), GE Healthcare (U.S.), Bio-Rad Laboratories, Inc. (U.S.), SGS SA (Switzerland), Laboratory Corporation of America Holdings (U.S.), Qiagen N.V. (Netherlands), and Eurofins Scientific (Luxembourg).
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