Felton, 3 December
2019 - In-vitro Toxicology Testing Market is
expected to witness a massive growth in the forecast period. In-vitro toxicity
testing is a procedure wherein the potential of harmful substances are
determined effectively. Moreover, it is also responsible for the convenience of
specific toxic characteristics in accommodating substances, which includes
agricultural chemicals, therapeutic drugs, and food flavors.
Considering its growing phase, new and reliable
technologies, rise in R&D to regulate toxicity at an early stage,
confrontation to animal testing and insufficient databases to support the usage
of in-vitro test techniques are some of the most significant factors that are
helping the in-vitro toxicology testing industry to grow effectively in the
current scenario.
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The in-vitro toxicology testing industry is segmented on the
basis of product & services (Assays, Bacterial toxicity assays, Enzyme
toxicity assays, Cell-based ELISA and western blots, Receptor binding assays,
Tissue culture assays, Reagents & labware) by endpoint & test (ADME,
Skin irritation and sensitization, Genotoxicity, Cytotoxicity, Ocular toxicity,
Organ toxicity, Phototoxicity, Dermal toxicity, Carcinogenicity, Neurotoxicity,
Other endpoints & tests); by technology (Cell culture technology,
High-throughput technology, Cellular imaging technology, Toxicogenomics); by
end user (Pharmaceuticals & biopharmaceuticals industry, Cosmetics and
household products industry, Food industry, Chemicals industry); by method
(Cellular Assays, Ex Vivo Models, Biochemical Models) and by region (North
America, Europe, Asia Pacific, Rest of the World).
On the basis of its application insights, cellular assays
have projected the largest share in terms of revenue as it has a massive
presence of different portfolios of cellular techniques to study
pharmacovigilance of drug products.
Looking at its end users, the pharmaceuticals &
biopharmaceuticals industry has been leading the segment and is expected to
continue its domination during the forecast period. Along with this, the
chemical industry will also foresee tremendous growth in the coming years due
to the development of manufacturing excipients for cosmetics and pharmaceutical
formulation.
Geographically, North America was at the forefront of the
market that held the largest market share of the in-vitro toxicology testing
market owing to the rise in the funds for research studies, conducive
government policies and the favorable changes in its guidelines. On the other
hand, due to the extensive improvement in the infrastructure of healthcare and
increasing R&D in pharmaceuticals. Asia Pacific is anticipated to witness a
staggering CAGR during the forecast period. In the near future, in vitro
toxicology testing industry will continue to come up with some extraordinary
product innovations to attract new consumers and investors, for them to
continue the domination.
Some of the substantial key players summarized in the
in-vitro toxicology testing market report are Eurofins Scientific, Inc., GE
Healthcare, Abbott, Covance, Thermo Fisher Scientific, Inc., Cyprotex, Agilent
Technologies, Quest Diagnostics, Inc., Bio-Rad Laboratories, Catalent Pharma
Solutions, Charles River Laboratories and Merck KgaA. All the leading companies
are including mergers and acquisitions, partnerships and joint ventures to enhance
the growth of the market efficiently.
Market Segment:
In-vitro Toxicology
Testing Technology Outlook (Revenue, USD Million, 2014 - 2025)
• Cell Culture
Tech
• High Throughput
Tech
• Molecular
Imaging
• OMICS Tech
In-vitro Toxicology
Testing Method Outlook (Revenue, USD Million, 2014 - 2025)
• Cellular Assay
• Biochemical
Assay
• In Silica
• Ex-vivo
In-vitro Toxicology
Testing Application Outlook (Revenue, USD Million, 2014 - 2025)
• Systemic
Toxicology
• Dermal Toxicity
• Endorine
Disruption
• Occular Toxicity
• Others
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Insights, Download Brochure @ https://www.millioninsights.com/industry-reports/in-vitro-toxicology-testing-market
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