In vitro toxicology testing is done in order to examine the presence or absence of harmful chemicals or toxins in cells of an organism. This testing process is used to recognise dangerous chemical substances and helps in detecting toxicity at the early stages of development of new products like agricultural chemicals, cosmetics, drugs and food additives. The in vitro toxicology testing is done for evaluating safety in drug development and also to rank the chemicals in terms of their potency. The global in vitro toxicology testing market is witnessing significant growth due to an increase in the number of R&D procedures where in vitro testing is required. Also, ban on animal testing is also significantly contributing to the growth of this market. Another factor boosting the market of in vitro toxicology testing is the growing environmental concerns and to ensure that no toxins via the agricultural chemicals, etc. enter the environment. In addition, advancements in the 3D cell culture is also boosting this market.
According to the assessment of Persistence Market Research, the global in vitro toxicology testing market is forecasted to reach a figure of about US$ 7,750 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.
North America Market Set to Dominate the Global In Vitro Toxicology Testing Market in Terms of Revenue
The market in North America is set to dominate the global in vitro toxicology testing market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America in vitro toxicology testing market is the most attractive market, growing at a robust CAGR over the forecast period.
Assays Segment Slated to Touch a Value of About US$ 3,300 Mn in 2022
According to the projections of Persistence Market Research, the assays segment is expected to reach a value of about US$ 3,300 Mn in the year 2022. This signifies a moderate CAGR during the forecast period of 2017-2022. The assays segment is estimated to account for nearly half of the revenue share of the product and services segment by the end of the year 2017 and is expected to lose in market share by 2022 over 2017.
Cellular Assays Method Type Segment to Exhibit a CAGR of More Than 5% During the Assessment Period
According to the assessment of Persistence Market Research, the cellular assays method type segment is poised to touch a figure of about US$ 3,700 Mn in the year 2022. This signifies a CAGR of more than 5% during the assessment period from 2017 till the year 2022. The cellular assays method type segment is estimated to account for nearly half of the revenue share of the method segment by the end of the year 2017 and is projected to lose market share by 2022 over 2017.
The report also profiles companies that are expected to remain active in the expansion of global in vitro toxicology testing market through 2022, which include SGS S.A., Bio-Rad Laboratories, Inc., Charles River Laboratories International, Inc., Eurofins Scientific Se, GE Healthcare Inc., Merck KGaA, Promega Corporation, Qiagen N.V., Thermo Fisher Scientific Inc. and Cyprotex PLC.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Persistence Market Research
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘In Vitro Toxicology Testing Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. In this report, the global in vitro toxicology testing market is explored in great detail, and the market dynamics of the global in vitro toxicology testing market has been covered comprehensively, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market. Also, analysis of the data over different parameters has been done in order to arrive at market numbers concerning the global in vitro toxicology testing market. Besides, competition landscape of the global in vitro toxicology testing market is also covered in this report, giving information about the key companies operating in the global in vitro toxicology testing market.
In the first part of the report, the executive summary and the introduction are given. The executive summary gives a summary of the global in vitro toxicology testing market and gives the pertinent market numbers that are most significant, which include the historical CAGR growth from 2012 till 2016 and the forecasted CAGR from the year 2017 till the end of the forecast period in the year 2022. Information about lucrative markets from the point of view of leading revenue share and highest CAGR are also given in the executive summary.
In the introduction section, the in vitro toxicology testing market is defined in detail so that the report readers are clear about the scope of this market.
The next section of the report gives information on the key dynamics of the in vitro toxicology testing market. Key points covered in this section include the global economy, fiscal stimulus and bottom line of enterprises.
In the subsequent section of the report, information is given on the cost structure analysis and pricing analysis of the global in vitro toxicology testing market. An analysis on the market presence of key participants (intensity map) is also offered in this section.
The next part of the report consists of the global in vitro toxicology testing market analysis and forecast by product and services, method, industry, technology and region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison and revenue comparison. The global in vitro toxicology testing market is also analyzed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA.
The last section of the report contains the competition landscape, where leading market players operating in the global in vitro toxicology testing market are profiled in detail. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape also features the SWOT analysis of the selected companies, which gives the report readers information about the strengths, weaknesses, opportunities and the threats that such companies operating in the global in vitro toxicology testing market are facing. The competition landscape is an invaluable part of the report as it contains all the necessary information to study the leading companies operating in the global in vitro toxicology testing market and how they implement their strategies and vision to stay in the pole position in this highly competitive market.
Persistence Market Research leverages a proven and tested research methodology to determine the revenue estimations of the global in vitro toxicology testing market. In-depth secondary research is used to arrive at the overall market size and top industry players. A list of industry players (manufacturers), distributors, retailers, and industry experts is developed along with a comprehensive discussion guide for detailed and exhaustive primary interviews. Data thus obtained is validated using the triangulation method, where primary and secondary research along with Persistence Market Research analysis contribute to the final data. This data is then scrutinized using advanced tools to glean pertinent insights into the global in vitro toxicology testing market.
Product & Services