The global in-vitro toxicology testing market is projected to grow at a CAGR of 10%-12% during 2020-2025. The growth of in-vitro toxicology testing market is driven by opposition to animal testing and increasing research & development expenditure to detect toxicity at an early stage during drug development.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the in-vitro toxicology testing by
product & service (consumables, assays (bacterial toxicity assays, enzyme
toxicity assays, cell-based elisa & western blots, receptor-binding assays,
tissue culture assays, and other assays), equipment, software, and services),
method (cellular assays, biochemical assays, in silico models, and ex vivo
models), toxicity endpoint & test (ADME, skin irritation, corrosion, &
sensitization, genotoxicity testing, cytotoxicity testing, ocular toxicity,
organ toxicity, phototoxicity testing, dermal toxicity, and other toxicity
endpoints & tests), end use industry (pharmaceuticals &
biopharmaceuticals, cosmetic & household products, food, and chemicals),
technology (cell culture technologies, high-throughput technologies, and
toxicogenomics), and region (North America, Europe, Asia Pacific, and Rest of
the World)?
Q.2 Which segments will grow
at a faster pace and why?
Q.3 What are the
business risks and threats to the in-vitro toxicology testing market?
Q.4 What are some
changing demands of customers in the in-vitro toxicology testing market?
Q.5 What are the new
developments in the in-vitro toxicology testing market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this in-vitro toxicology testing area and
how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this in-vitro toxicology testing market?
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Market Segmentation:
Based on product & service,
the in-vitro toxicology testing market is segmented into consumables, assays
(bacterial toxicity assays, enzyme toxicity assays, cell-based elisa &
western blots, receptor-binding assays, tissue culture assays, and other
assays), equipment, software, and services. The consumables segment accounted
for the largest share of the market in 2020 due to increasing demand for
high-quality reagents and the repeated use of media and reagents in in-vitro
toxicology studies.
Asia Pacific is expected
to be the largest region over the forecast period due to the emergence of CROs
for outsourcing toxicology-related research projects, opposition to animal
testing resulting in the use of alternate methods, increasing pharmaceutical
drug pipeline, and growing consumer awareness of product safety in the
region.
Key Players in the in-vitro
toxicology testing market are Thermo Fisher Scientific, Covance, Bio-Rad
Laboratories, GE Healthcare, Eurofins Scientific, Merck, Charles River
Laboratories, Catalent, Cyprotex, SGS, QIAGEN, Promega Corporation, Gentronix,
BioIVT, and MB Research Laboratories.
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The
report helps stakeholders understand the pulse of the market and provides them
with information on key drivers, restraints, challenges, and opportunities for
market growth. It would also help to understand the competitors better and gain
more insights to improve their position in the business.
To read more about this market please click on
https://www.lucintel.com/in-vitro-toxicology-testing-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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