According to research report the in vitro toxicology testing market size is expected to reach USD 18.6 billion by 2027 from an estimated USD 11.2 billion in 2022, at a CAGR of 10.8%. The major factors driving the growth of this market are the technological advancements, opposition to animal testing, and increasing RD expenditure to detect toxicity at an early stage during drug development are the primary growth drivers for this market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209577065
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.
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.
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 in vitro toxicology testing 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.
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.
By regional in vitro toxicology testing trend the Asia Pacific is estimated to be the fastest-growing 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 For Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.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
sales@marketsandmarkets.com
Releated Reports: https://www.marketsandmarkets.com/Market-Reports/in-vitro-diagnostics-quality-controls-market-198032582.html
Article source: https://article-realm.com/article/Finance/29013-In-Vitro-Toxicology-Testing-Market-worth-18-6-billion-by-2027.html
Reviews
Comments
Most Recent Articles
- Mar 21, 2024 Exploring Transaction Platforms Offered by Mutual Fund Software for Distributors by REDVision Technologies
- Mar 20, 2024 How can MFDs establish trust among their investors with mutual fund software for IFA? by Wealth Elite
- Mar 6, 2024 How to Get the Best Health Insurance Services in Beawar? by Ambition Finserve Pvt. Ltd.
- Feb 17, 2024 The Charm of 14k Wedding Band Sets by Donnell Dean
- Feb 14, 2024 Savings vs. Low-Interest Loans: Finding the Right Balance for You by Brajendra Kumar
Most Viewed Articles
- 10200 hits How to Start an Invention Idea by Edwin Poul
- 8545 hits How to Download and Install Facebook Messenger on Firestick by Hope Mikaelson
- 2370 hits Brief discussion about Water by kavin prasath
- 1965 hits Importance of Proofreading While You Write an Assignment by clara
- 1650 hits Everything About Garmin Express by Maria Cooper
Popular Articles
In today’s competitive world, one must be knowledgeable about the latest online business that works effectively through seo services....
76866 Views
Are you caught in between seo companies introduced by a friend, researched by you, or advertised by a particular site? If that is the...
31908 Views
Walmart is being sued by a customer alleging racial discrimination. The customer who has filed a lawsuit against the retailer claims that it...
12038 Views
If you have an idea for a new product, you can start by performing a patent search. This will help you decide whether your idea could become the...
10200 Views
Statistics
Members | |
---|---|
Members: | 13874 |
Publishing | |
---|---|
Articles: | 58,269 |
Categories: | 202 |
Online | |
---|---|
Active Users: | 885 |
Members: | 11 |
Guests: | 874 |
Bots: | 6541 |
Visits last 24h (live): | 2655 |
Visits last 24h (bots): | 16079 |