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Early Toxicity Testing Market Is Predicted To Grow At A Fair CAGR Of 7.3% by 2025

08-18-2023 11:46 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Early Toxicity Testing Market Is Predicted To Grow At A Fair CAGR

The early toxicity testing market accounted for $739 million in 2017, and is expected to reach $1,301 million by 2025, registering a CAGR of 7.3% from 2018 to 2025.

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Advancements in Testing Methods: The industry has witnessed significant advancements in testing methods, particularly in vitro and in silico testing approaches. These methods offer alternatives to traditional animal testing, allowing for more efficient and ethical toxicity assessments.

Regulatory Requirements: Stringent regulations imposed by government agencies and regulatory bodies worldwide have been a significant driving force in shaping the early toxicity testing market. Compliance with these regulations is essential for companies operating in the pharmaceutical, cosmetics, and chemical industries.

Pharmaceutical Industry Dominance: The pharmaceutical industry remains a dominant end-user in the early toxicity testing market. Early toxicity testing is crucial in drug development to identify potential safety concerns and reduce the risk of adverse effects during clinical trials.

Rising Demand for Personalized Medicine: The emergence of personalized medicine has increased the demand for early toxicity testing, as tailored treatments require a thorough understanding of individual patient responses to drugs and therapies.

Adoption of High-Throughput Screening (HTS): High-throughput screening has gained popularity in early toxicity testing due to its ability to analyze a large number of compounds rapidly, leading to increased efficiency and cost savings.

Market Drivers:

Regulatory Requirements: Stringent regulations and guidelines imposed by government agencies, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), require thorough toxicity testing of drugs, chemicals, and other products before they are approved for human use or commercialization. These regulatory requirements drive the demand for early toxicity testing services and technologies.

Ethical Concerns: Increasing ethical concerns and public awareness about animal welfare have led to a push for alternative testing methods that reduce or replace the use of animals in toxicity testing. This has spurred the development and adoption of in vitro and in silico testing methods.

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Market Segmentation:

Type of Test:

In Vivo Testing: Testing conducted on living organisms, typically animals, to assess the toxicity of substances.
In Vitro Testing: Testing conducted in a controlled laboratory environment using cells, tissues, or cellular components outside the living organism.
In Silico Testing: Computer-based modeling and simulations used to predict toxicity and assess the safety of chemicals.

Application:

Pharmaceutical Industry: Toxicity testing for drug candidates during the early stages of drug development to identify potential safety issues.
Cosmetics and Personal Care Industry: Testing of cosmetic ingredients and finished products to ensure consumer safety.
Chemical Industry: Assessing the toxicity of various chemicals and substances used in industrial applications.

End-User:

Pharmaceutical and Biotechnology Companies
Contract Research Organizations (CROs)
Academic and Research Institutions
Cosmetic Companies
Chemical Companies

Method:

Cell-based Assays
Biochemical Assays
Tissue Culture
High-Throughput Screening (HTS)
Organ-on-a-Chip Technology
Computational Toxicology

Toxicity Endpoints:

Genotoxicity
Carcinogenicity
Dermal Irritation
Skin Sensitization
Eye Irritation
Organ-Specific Toxicity (e.g., liver, kidney, heart)

Geography:

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

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Competitive Landscape:

Thermo Fisher Scientific Inc.
Charles River Laboratories International, Inc.
Eurofins Scientific SE
GE Healthcare
Cyprotex
Bio-Rad Laboratories, Inc.
Promega Corporation
Merck KGaA
Agilent Technologies, Inc.
PerkinElmer, Inc.

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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 domain.

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