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Non-Animal Alternatives Testing Global Market Report 2024 To 2033 | Evotec SE (Cyprotex), Bio-Rad Laboratories, Inc, BioIVT, Emulate, Inc, MatTek Corporation, SGS SA, Gentronix Limited
Non-Animal Alternatives Testing Market Share
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According to The Business Research Company's, The non-animal alternatives testing market size has grown rapidly in recent years. It will grow from $2.08 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the high costs of animal studies, the increasing adoption of in-vitro and in-silico technologies in basic research, the rising investments and the rise in research grants for developing alternative technologies and the increasing social awareness against animal cruelty..
The non-animal alternatives testing market size is expected to see rapid growth in the next few years. It will grow to $3.63 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to government programs for non-animal alternative testing, the rise in the number of research and development activities and ethical concerns on animal experimentations will drive the growth.. Major trends in the forecast period include focus on advancing ooc technology, focus on use of in silico trials, developing advanced 3d bio-printed organs and tissues, use of model organisms, collaborations and partnerships, and rising initiatives and grants to promote animal-free testing..
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Market Drivers and Trends:
The support from the government and non-governmental organizations boosts the growth of the non-animal testing market. The government organizations enforce laws and regulations, raise funds to support non-animal testing methods such as tests on human volunteers, and advanced computer-modeling techniques, and also fund studies with human volunteers. In order to support non-animal testing, People for the Ethical Treatment of Animals (PETA) India, in 2022, announced a grant of 7 lakh rupees in order to advance animal-free methods for toxicology testing. Similar research programs to promote non-animal testing procedures are also initiated by countries such as Denmark, Brazil, Germany, Switzerland, Australia, China, and Korea. The constant support from the government drives the growth of the non-animal testing market.
Major Companies operating in non-animal alternative testing are collaborating to alternatives to animal testing to gain a competitive edge in the market. The company's collaboration accelerates the use of animal-free safety science. For instance, in February 2023, Unilever, a UK-based company that manufactures healthcare products collaborated with global partnership of cosmetics manufacturers and suppliers, industry associations and animal protection organizations. This partnership aims to support innovation in animal-free cosmetics and personal care products and ingredients by funding and, scientific evaluation of new safety assessment approaches to help build confidence in animal-free safety science.
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Major Key Players of the Market:
Medtronic Inc., Stryker Corporation, Boston Scientific Corporation, Integra LifeSciences, Abbott Laboratories, Terumo Corporation, LivaNova, PLC, Integer, Penumbra, Inc., B. Braun Group, Johnson & Johnson, W.L Gore, St. Jude Medical LLC, Parasym, TUR Therapietechnik GmbH, Smiths Medical, Cizeta Surgical, Neuro France Implants, Ectron, Metrion Biosciences, Abbvie, Accentus Medical Ltd, Adaptix, Argonaut Therapeutics, Beckley Psytech, Brainwave Discovery, Cerus Endovascular, Chronus Therapeutics, Cytiva, Natus Medical Incorporated, Cerenovus, Nevro, Aleva Neurotherapeutics SA, Dynatronics Corporation, Cyberonics Inc.
Non-Animal Alternatives Testing Market 2024 Key Insights:
• The non-animal alternatives testing market size is expected to see rapid growth in the next few years. It will grow to $3.63 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
• Government And Non-Governmental Support Catalysts For Non-Animal Testing Market Growth
• Fostering Progress Through Collaboration With Major Companies Join Forces For Animal-Free Testing Advancements
• North America was the largest region in the non-animal alternatives testing in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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