In Vitro Toxicology Testing Market

Eurofins Scientific SE (Luxembourg) and Merck KGaA (Germany) are the Major Players in the In Vitro Toxicology Testing Market

The global in vitro toxicology testing market is projected to reach USD 8.74 Billion by 2022 from USD 6.34 Billion in 2017, at a CAGR of 6.6% during the forecast period. This market is fragmented in nature with a large number of regional and national players. In 2016, Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), and Eurofins Scientific SE (Luxembourg) were the top three players in the in vitro toxicology testing market and accounted for approximately 40% share of the overall market.

Thermo Fisher Scientific dominated the global vitro toxicology testing market in 2016. The company offers approximately 100 toxicology assays kits and supplementary products for this market, Invitrogen and Gibco being its major brands. The company strategically acquired Affymetrix, Inc. (US) in 2016 to strengthen its offerings in clinical and applied markets. Additionally, the company is backed by its broad global reach, especially in the emerging markets.

KGaA held the second position in the global in vitro toxicology testing market in 2016. Its acquisition of Sigma-Aldrich Corporation (US) in 2014 and subsequent acquisition of BioReliance, Inc. (US) (a subsidiary of Sigma-Aldrich) has helped the company enter in this market. Sigma-Aldrich offers a wide range of assay kits and reagents for in vitro toxicology in cell health and viability analysis. Whereas, BioReliance is a trusted and leading service provider of over 1000 protocols for biologics safety, toxicology, and genomic services to pharmaceutical, food, and chemical industries. This combination of acquisitions, backed by its wide global reach, has helped the company establish itself as a key player in this market.

Eurofins Scientific held the third position in the global in vitro toxicology testing market in 2016 owing to its broad portfolio of testing and support services in cellular assays, in vitro pharmacology profiling, ADME-toxicity & pharmacokinetics (PK), and forensic toxicology. The company primarily focuses on inorganic growth strategies of acquisition to strengthen its position in the market. The company acquired DiscoverX (US) to enhance its pharma discovery products and services in 2017.

The major players in the global in vitro toxicology testing market include Cyprotex (An Evotec AG subsidiary, Germany), Covance (A Laboratory Corporations of America Holding’s subsidiary, US), Eurofins Scientific SE (Luxembourg), GE Healthcare (US), Thermo Fisher Scientific (US), SGS SA (Switzerland), Promega Corporation (US), Merck KGaA (Germany), Charles River Laboratories, Inc. (US), and Lonza Group Ltd. (Switzerland), among others. 

Related Reports:

In Vitro Toxicology Testing Market by Products (Assays) & Services, Toxicity Endpoints & Tests (ADME, Skin, Genotoxicity, Organ Toxicity), Technology (Cell-based, HTS), Method (Cellular Assays, Ex-Vivo), Industry (Pharmaceutical, Cosmetics) - Forecast to 2022

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com

Report Code
BT 2373
RI Published ON
9/27/2017
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the In Vitro Toxicology Testing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved