123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

In Vitro Toxicology Testing Market Forecast To Reach $18.6 Billion By 2027

Profile Picture
By Author: Healthcare News
Total Articles: 341
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

According to the new market research report In Vitro Toxicology Testing Market by Product (Assays (Western Blot, Tissue Culture), Equipment, Consumables, Software), Toxicity Endpoints (ADME, Skin Irritation, Cytotoxicity), Technology, Method, Industry (Pharma, Biotech) - Global Forecast to 2027, published by MarketsandMarkets™, the global In Vitro Toxicology Testing Market was valued at USD 11.2 billion in 2022 and is expected to reach USD 18.6 billion by 2027 growing at a CAGR of 10.8%.

Browse in-depth TOC on "In Vitro Toxicology Testing Market"
329 – Tables
47 – Figures
370 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209577065

The major factors driving the growth of this market are the technological advancements, opposition to animal ...
... testing, and increasing R&D expenditure to detect toxicity at an early stage during drug development are the primary growth drivers for this market.


Due to covid-19 outbreak it is expected to propel the in vitro toxicology research field in the coming years. On the other hand, estimation of the major share of diagnostic assays and molecular testing of Covid-19, along with personalized medicine will grow at a stable pace in the coming years. There is a huge increase of manufacturers that have taken key steps to increase patient access for diagnostic testing, vaccine and drug development in laboratories, hospitals, and other testing sites across the globe to guide patient care and protect public health.

By product and service, the consumables segment is expected to account for the largest share of the in vitro toxicology testing market

The consumables segment is estimated to account for the largest market share in 2021. Due to the increasing demand for high-quality reagents and the repeated use of media and reagents in vitro toxicology studies, the segment is attributed to grow.

During the forecast period in the toxicity endpoints and tests market, the organ toxicity segment is expected to grow at the highest in the market.

During the forecast period the organ toxicity segment is expected to grow at the highest in the market. Primary factors responsible for the growth in this segment are the increasing focus on drug safety and consumer-product safety.

Based on the technologies used in the in vitro toxicology testing, the cell culture technologies segment is expected to account for the largest share of the in vitro toxicology testing market

In 2021, the cell culture technologies segment is estimated to account for the largest market share. The cell culture technologies technique is the most preferred technique for toxicity testing, being capable of mimicking in vivo conditions and this the main reason that it will drive the largest market share.

Asia Pacific is estimated to be the fastest-growing market for in vitro toxicology testing during the forecast period

The APAC market is projected to register the highest growth during the forecast period. Factors such as, opposition to animal testing resulting in the use of alternate methods, emergence of CROs for outsourcing toxicology-related research projects, growing consumer awareness of product safety, and increasing pharmaceutical drug pipeline, are some of the key factors driving the growth of the in vitro toxicology testing market in the APAC.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=209577065

The prominent players in the in vitro toxicology testing market include Thermo fisher Scientific, Inc. (US), Laboratory Corporation of America Holdings (US), Bio-Rad Laboratories, Inc. (US), General Electric Company (US), Eurofins Scientific (Luxembourg), Merck KGaA (Germany), Charles River Laboratories International, Inc. (US), Catalent, Inc. (US), Evotec (UK), SGS S.A. (Switzerland), QIAGEN (Germany), Promega Corporation (US), Gentronix Limited (UK), BioIVT (US), and MB Research Laboratories (US).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

More About the Author

An innovative professional with 6+ years of progressive experience within the Healthcare industry. with the skills to drive business growth, capitalize on new revenue potential, and manage all aspects of daily internet / eCommerce operations.

Total Views: 80Word Count: 614See All articles From Author

Add Comment

Business Articles

1. Catering Services In Noida For Every Occasion
Author: Catering Services in Noida

2. Leading The Way In Business Continuity Management System (bcms) In Uae And Dubai
Author: kohan

3. Manila Rope: A Versatile Solution For Various Industries In The Uae
Author: yasirsheikh1891

4. Exploring Asian Clothes Online: A Guide For Uk Shoppers
Author: Dazzle and Bloom

5. Maximizing Your Email Marketing Roi: A Comprehensive Guide
Author: tim seifert

6. Spray Paint: The Ultimate Solution For Versatile And Efficient Painting
Author: yakubali7842

7. High-quality Thrust Needle Roller Bearings: Essential For Reliable Performance
Author: psbearings

8. Web Design Company In Coimbatore
Author: cp

9. Top Needle Roller Bearing Manufacturer: Quality You Can Rely On
Author: psbearings

10. Discover The Best Rfid Tags For Your Industry Needs At Id Tech Solutions
Author: Shivam Kumar

11. Translation Company In India
Author: Lingosolution

12. Why Perlau Gwyn Dental Care Is The Top Choice For Dentists In Cardiff And Teeth Whitening Services
Author: Rebecca Brown

13. Hybrid Inverters & Their Diverse Applications
Author: blogswalaindia

14. The Role Of Solar Panels In Sustainable Living
Author: blogswalaindia

15. Solar Energy And Battery Storage: What You Need To Know
Author: blogswalaindia

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: