In Vitro Toxicology Testing Market

In Vitro Toxicology Testing Market worth $18.6 billion by 2027

According to a research report "In Vitro Toxicology Testing Market by Product (Assays (Western Blot, Tissue Culture), Equipment, Consumables, Software), Toxicity Endpoints (ADME, Skin Irritation, Cytotoxicity), Technology, Method, Industry (Pharma,Biotech) - Global Forecast to 2027" published by MarketsandMarkets, the in vitro toxicology testing market 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 and increasing R&D expenditure to detect toxicity at an early stage during drug development are the primary growth drivers for this market. Moreover, high costs involved with traditional animal testing as well as the socio-ethical problems associated with animal testing will also propel the market growth.

Browse 329 market data Tables and 47 Figures spread through 370 Pages and in-depth TOC on "In Vitro Toxicology Testing Market by Product (Assays (Western Blot, Tissue Culture), Equipment, Consumables, Software), Toxicity Endpoints (ADME, Skin Irritation, Cytotoxicity), Technology, Method, Industry (Pharma,Biotech) - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/in-vitro-toxicology-testing-market-209577065.html

It is projected that the creation of toxicology databases for in-silico study of various chemicals will increase demand for in-vitro methods and advance the industry. 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.

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 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. The growing demand of customized media for toxicology study with also propel the segmental growth.

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. Testing drug candidates for organ-specific toxicity during the early stages of drug development enables screening for better candidates with increased chances of turning it into a therapeutic drug.

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. Cell culture technologies are commonly employed for in vitro toxicology testing in pharmacology. Cell cultures, either bacterial or mammalian, can express the same genes and proteins as their in vivo counterparts. Their ability to produce similar testing environments is one of the major driving factors for the growth of this segment.

Asia Pacific is estimated to be the fastest-growing market for in vitro toxicology testing 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. In addition, the APAC is becoming a major destination for drug development and clinical research due to factors such as cost advantages, a large treatment-naďve population, retention of participants in clinical trials, and continuously improving regulatory procedures.

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).

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In Vitro Toxicology Testing Market Size,  Share & Growth Report
Report Code
BT 2373
PR Published ON
6/9/2022
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