Preclinical Toxicology Testing Service Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Preclinical Toxicology Testing Service Market

Preclinical Toxicology Testing Services are a set of laboratory and research services conducted to assess the safety and potential toxicity of new drugs, chemicals, medical devices, or other substances before they are tested in humans in clinical trials. These services are an essential part of the drug development and regulatory approval process and are typically required by regulatory agencies, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), to ensure the safety and efficacy of new pharmaceutical and chemical compounds.

According to new survey, global Preclinical Toxicology Testing Service market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029.

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The global preclinical toxicology testing services market is significant and has experienced steady growth in recent years. It is driven by the continuous development of new pharmaceuticals, chemicals, and medical devices, as well as increasing regulatory scrutiny. The United States is a major hub for preclinical toxicology testing services, with a well-established pharmaceutical and biotechnology industry. Regulatory requirements from the FDA drive the demand for toxicology testing. Countries within the European Union also have significant demand for preclinical toxicology testing due to the robust pharmaceutical industry. Regulatory bodies like the European Medicines Agency (EMA) require safety assessments for market approval. The Asia-Pacific region is experiencing substantial growth in preclinical toxicology testing services, particularly in countries like China and India, where the pharmaceutical and chemical industries are expanding rapidly.

By Type
• In Vitro Toxicology Testing
• In Vivo Toxicology Testing

By Application
• Biopharmaceutical Company
• Research Laboratory

Key Players
Agilent, Abbott, Bio-Rad, Scantox, Charles River, Bioreliance, Catalent, INVITEK Inc., Altogen Labs, Pacific BioLabs, AmplifyBio, Altasciences, Evotec, Eurofins Scientific, Pharmaron

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This release was published on openPR.