Press release
Global Toxicology Testing Market to grow at a CAGR of 11.67% during the period 2017-2021
The main objective of this report is to define, describe, and forecast the global “Toxicology Testing” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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About Toxicology Testing
Toxicology testing is the study of adverse effects of chemical substances on living organisms. Exposure to toxic chemical substances which are usually present in everything whether manmade or natural may affect living organisms; the effects include disruption of growth patterns, discomfort, diseases, or death. Toxicity testing of new compounds is vital for drug development. The test identifies the potential toxicity of drugs at an early stage of its development, which helps in saving both developmental costs and time, and also reduces the possibility of failure at late stage.
Technavios analysts forecast the global toxicology testing market to grow at a CAGR of 11.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global toxicology testing market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of toxicology testing products such as assays, services, and reagents.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Toxicology Testing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Agilent Technologies
Bio-Rad Laboratories
GE Healthcare
Thermo Fisher Scientific
Other prominent vendors
Alere
Charles River Laboratories
CiToxLAB
Covance
Cyprotex
Eurofins Scientific
MB Research Laboratories
Merck
Product Safety Labs
Quest Diagnostics
Market driver
Rise in toxicology testing in food industry
For a full, detailed list, view our report
Market challenge
Lack of skilled professionals
For a full, detailed list, view our report
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Market trend
Increasing use of in silico technologies
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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