Impact Analysis of Covid-19
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The global In Vitro Toxicology Testing Market was valued at USD 6.1 billion in 2016 and is projected to reach USD 15.60 billion by 2025, growing at a CAGR of 11.0% from 2017 to 2025.
In vitro toxicity testing is the scientific analysis of the effects of toxic chemical substances on cultured bacteria or mammalian cells. In vitro testing methods are employed primarily to identify potentially hazardous chemicals and/or to confirm the lack of certain toxic properties in the early stages of the development of potentially useful new substances such as therapeutic drugs, agricultural chemicals and food additives.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing ethical issues about animal testing
1.2 Growing stability in in-vitro technologies
1.3 Growing funds in R&D Department
2. Market Restraints
2.1 Resistance from regulatory bodies due to safety concerns and risks
2.2 Less assurance of in vivo stability after in vitro product transfer
2.3 Lack of in vitro models
Market Segmentation:
1. Global In Vitro Toxicology Testing Market, by Toxicity end point and test results:
1.1 ADME (Absorption, Distribution, Metabolism, and Excretion)
1.2 Skin Irritation, Corrosion, and Sensitization
1.3 Genotoxicity Testing
1.4 Cytotoxicity Testing
1.5 Ocular Toxicity
1.6 Organ Toxicity
1.7 Phototoxicity Testing
1.8 Dermal Toxicity
1.9 Carcinogenicity
1.10 Neurotoxicity
1.11 Other Toxicity Endpoints & Tests
2. Global In Vitro Toxicology Testing Market, by Products and Services:
2.1 Assays
2.1.1 Bacterial Toxicity Assays
2.1.2 Enzyme Toxicity Assays
2.1.3 Cell-Based Elisa and Western Blots
2.1.4 Receptor-Binding Assays
2.1.5 Tissue Culture Assays
2.1.6 Other Assays
2.2 Services
2.3 Reagents and labware
3. Global In Vitro Toxicology Testing Market, by Industry:
3.1 Pharmaceutical and Biopharmaceutical Industry
3.2 Cosmetics and Household Products Industry
3.3 Food Industry
3.4 Chemical Industry
4. Global In Vitro Toxicology Testing Market, by Method:
4.1 Cellular Assays
4.2 Biochemical Assays
4.3 EX Vivo Models
5. Global In Vitro Toxicology Testing Market, by Technology:
5.1 Cell Culture Technologies
5.2 High-Throughput Technologies
5.3 Cellular Imaging Technologies
5.4 Toxicogenomics
6. Global In Vitro Toxicology Testing Market, by Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. SGS S.A.
2. Covance, Inc. (A Part of Laboratory Corporation of America Holdings)
3. Bio-Rad Laboratories, Inc.
4. Qiagen N.V.
5. GE Healthcare
6. Eurofins Scientific Se
7. Merck KGaA
8. Thermo Fisher Scientific, Inc
9. Charles River Laboratories International, Inc.
10. Catalent, Inc.
11. Cyprotex PLC (A Subsidiary of Evotec Ag)
12. Promega Corporation
13. Gentronix Limited
14. Ascendance Biotechnology, Inc.
15. MB Research Laboratories
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the In Vitro Toxicology Testing Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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