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Early Toxicity Testing Market Industry Analysis and Forecast (2020-2025) – by Type, Application, and Region

10-26-2020 05:30 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: ALLIED MARKET RESEARCH
Early Toxicity Testing Market

Early Toxicity Testing Market

The global Early Toxicity Testing Market was pegged at $614 million in 2015 and is projected to reach $1,012 million by 2022, registering a CAGR of 7.3% during the period 2016–2022.

The report analyzes the leading market players including Thermo Fisher Scientific Inc., Agilent Technologies Inc., Merck & Co., Inc., Becton, Danaher Corporation, The Jackson Laboratory, Bio-Rad Laboratories, Inc., Quest Diagnostics Incorporation, Charles River Laboratories International Incorporation, Dickinson And Company, and Evotec Ag.

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Based on end users, the report bifurcates into the pharmaceuticals industry, diagnostics industry, food industry, chemicals industry, cosmetics industry, and other industries. The pharmaceutical industry is expected to manifest the fastest CAGR by 2022 and projected to hold the largest share in 2022, contributing about two-thirds of the total market. This is attributed to rise in number of clinical trials for drug development. However, the cosmetic industry is projected to portray a CAGR of 9.8% during the study period.

The report is segmented according to region into Asia-Pacific, North America, Europe, and LAMEA. Europe held the largest market share and is expected to manifest CAGR of 6.6% through 2022. However, China is the fastest growing country in the Asia-Pacific region, with a CAGR of 15.8% during the forecast period.

Key Benefits

The report provides key development strategies adopted by top market players to get competitive intelligence of their competitors
The current market scenario and expected market trends are analyzed to estimate the techniques, application and geographic segment of the global early toxicity testing market
The report provides the quantitative analysis of the current market and estimations through 2013-2020 that assists in identifying the prevailing Market – Opportunities to capitalize on
Market attractiveness analysis has been included for the application, techniques and geographic regions with detailed analysis of factors responsible for rapid growth of the market segments
The report includes critical analysis of top impacting factors with impact analysis
Value chain analysis, Porter’s five force model, top investment pockets (GE9 Cell Matrix) are analyzed and presented in detail in the report so that the decision makers can receive clear picture of early toxicity testing market
Key Players:

The key players operating in the market include Thermo Fisher Scientifics, BD Bioscience, Covance, Agilent Technologies, Bio-Rad, Sigma Aldrich and Quest Diagnostics Corporation. These players are adopting expansion and collaboration strategies to increase their market share.

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Rise in adoption of early toxicity to reduce drug failure in later stages, frequent replacement of in vivo models by in vitro model, and increase in stringent policies of regulatory authorities concerning public health welfare have boosted the growth of the early toxicity testing market. However, limited awareness regarding the benefits of early toxicity testing and limitation of preclinical testing hamper market growth. On the contrary, rapid advancements in in silico platforms and in vitro models are expected to create lucrative opportunities in the near future.

The report splits into technique, end users, and geography. On the basis of technique, the report divides into in vivo, in vitro, and in silico. Moreover, the in vitro technique is further segmented into enzyme toxicity assays, bacterial toxicity assays, cell-based ELISA and western blots, tissues culture assays, receptor binding assays, and other assays. The in vivo segment dominated the market in 2015 and is expected to continue its dominance throughout the study period.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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