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In Vitro Toxicology Testing Market Size, Share, Up-coming Trends, Analysis, Manufactures, Regions, Leading Players, Outlook –Future and Forecast 2022

05-26-2019 01:50 PM CET | Industry, Real Estate & Construction

Press release from: RnRMarketResearch.com

The Global In Vitro Toxicology Testing Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.

The In Vitro Toxicology Testing Market is expected to reach USD 8.74 Billion by 2022 from an estimated USD 6.34 Billion in 2017, at a CAGR of 6.6%. This report spread across 253 Pages, Profiling 15 Companies and Supported with 139 Tables and 32 Figures is now available in this research.

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“The services segment is expected to grow at the highest CAGR during the forecast period.”
On the basis of product and services, the in vitro toxicology testing market is segmented into assays, services, and reagents and lab ware. The services segment is expected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the growing preference towards contract research in vitro toxicology testing services owing to the cost benefits offered by CROs.

“Toxicogenomics to grow at the highest rate in the global in vitro toxicology testing market by technology”
Based on technology, the in vitro toxicology testing market is segmented into cell culture, high-throughput, cellular imaging, and toxicogenomics technologies. The toxicogenomics segment is expected to account for the highest CAGR in the global in the vitro toxicology testing market. Toxicogenomics is preferred to elucidate the changes in gene expression in response to toxic exposure and facilitates to identify toxicity pathways.

“The Ex vivo models segment is expected to grow at the highest CAGR during the forecast period.”
Based on method, the in vitro toxicology testing market is segmented into cellular assays, biochemical assays, and ex vivo models. Ex vivo models segment is expected to grow at the highest CAGR during the forecast period owing to the growing adoption of these methods in the cosmetics industry as it is an effective alternative to animal testing for the toxicity testing of cosmetics and household products.

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“China to witness the highest growth during the forecast period (2017-2022)”
The US is expected to hold the largest share of the global in vitro toxicology testing market in 2017, while China is expected to witness the highest growth during 2017 to 2022. Growing R&D investments in the biopharmaceutical sector, coupled with the rising number of CROs in this country contribute to the growth of this market in China. Additionally, rising international pressure on Chinese cosmetics industry to ban animal testing is expected to further drive this market.

Breakdown of primary participants’ profile:
• By Company Type – Tier 1–25%, Tier 2–35% and Tier 3–40%
• By Designation– C-level–22%, Director Level–33%, Others–45%
• By Region – North America–30%, Europe–40%, Asia Pacific–15%, RoW–15%

Most Popular Companies profiled in the 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.

Reason to access this report:
• Market Penetration: Comprehensive information on product portfolios offered by key players in the global in vitro toxicology testing market. The report analyzes the global in vitro toxicology testing market by product and service; toxicity endpoint and tests; technology; method; industry; and region.

• Product and Service Innovation: Detailed insights on upcoming trends and new product and service launches in the global in vitro toxicology testing market

• Market Development: Comprehensive information about the lucrative emerging markets by product and service; toxicity endpoint and tests; technology; method; and industry.

• Market Diversification: Exhaustive information about new products, growing geographies, recent developments, and investments in the global in vitro toxicology testing market

• Competitive Assessment: In-depth assessment of market shares, growth strategies, products in pipeline of leading players in the global market

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