Global In-Vitro Toxicity Testing Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2027

The global in-vitro toxicity testing market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). In vitro is the process that helps examine harmful chemicals over the isolated part of the organism. It is used to identify hazardous chemical substances and helps detect the toxicity at the early stages of the development of new products such as drugs, cosmetics, and food additives. The in vitro toxicity testing is mainly used for safety evaluation in drug development and also for ranking the chemicals according to their potency. The absorption, distribution, metabolism, excretion (ADME), dose-response, threshold response of the drug can also be determined by the in vitro toxicity testing.

The major factors that are expected to accelerate the market growth during the forecast period include an increase in awareness about the environmental concerns and an increase in the number of R&D procedures, which require in vitro testing, ban on animal testing. Moreover, advancements in genetics and genetic screening approaches and the emergence of new approaches of 3D cell culture are also anticipated to boost the global in-vitro toxicity testing market during the forecast period.

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The global in-vitro toxicity testing market analysis includes some of the key market players such as Agilent Technologies, Inc., BioReliance, Inc., Alere, Inc., Charles River Laboratories International, Inc., and General Electric Company, among others. To maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions. For instance, In August 2019, Covance launched a laboratory solution within its functional service provider (FSPx) offering, comprising a clinical analytics service and clinical operations capabilities.

Market Coverage

· The market number available for – 2020-2027

· Base year- 2020

· Forecast period- 2021-2027

· Segment Covered

· Regions Covered- Globally

· Competitive Landscape: Agilent Technologies, Inc., BioReliance, Inc., Alere, Inc., Charles River Laboratories International, Inc., and General Electric Company, among others.

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A full Report of Global In-Vitro Toxicity Testing Market is Available at: https://www.omrglobal.com/industry-reports/in-vitro-toxicity-testing-market

Global In-Vitro Toxicity Testing Market by Segment

By Product & Service

• Consumables

• Assay

• Equipment

• Software

• Services

By Toxicity Endpoints

• ADME

• Skin Irritation

• Corrosion

• Other

By Industry

• Pharmaceutical

• Cosmetics

• Food

• Others

Global In-Vitro Toxicity Testing Market by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

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About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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