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In-Vitro Toxicology Testing Market Size Will Reach USD 16.1 Billion By 2026, Globally

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In-Vitro Toxicology Testing Market Size Will Reach USD 16.1 Billion By 2026, Globally

June 22
21:35 2021
In-Vitro Toxicology Testing Market Size Will Reach USD 16.1 Billion By 2026, Globally
Global In-vitro Toxicology Testing Market which incorporates the most recent offers. With a CAGR of 10.7%, we anticipate a market value of USD 9.7 Billion in 2020, rising to USD 16.1 Billion in 2026. The key participants in the global in-vitro toxicology testing market are Merck KGaA., Charles River, Bio-Rad Laboratories, Inc., Abbott., Thermo Fisher Scientific, Inc., GE Healthcare, and others.

According to the research report published by Facts and Factors, the global In-vitro Toxicology Testing Market size & share increase with a CAGR of 10.7%, anticipate a market value of USD 9.7 Billion in 2020, rising to USD 16.1 Billion in 2026. 

In-vitro toxicology is the process of regulating the effects that toxic chemicals and substances can have on a batch of lab-grown bacteria or any set of mammalian cells. These methods usually refer to the identification of harmful compounds in order to confirm the absence of a trait in the initial stages of a drug developmental process. The driving forces for the in-vitro toxicology testing market can be attributed to the advancements of 3D cell culture systems that are derived from the host physiology that limits animal testing.

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Global In-Vitro Toxicology Testing Market: Overview

In-vitro toxicology refers to the scientific breakdown of the compounding effect that toxic chemical substances have on a batch of cultured bacterial arrays or any set of mammalian cells. In-vitro refers to methods and procedures that are potentially used for the identification of hazardous chemicals and/or to confirm the lack of certain toxic traits in the initial stages of developing new substances for a range of therapeutic, agricultural, and food additives compounds. Various global organizations across the globe often incorporate in-vitro toxicology testing methods in order to better prepare risk assessment reports on the human anatomy.

Industry Major Market Players

  • Merck KGaA.
  • Charles River
  • Bio-Rad Laboratories Inc.
  • Abbott.
  • Thermo Fisher Scientific Inc.
  • GE Healthcare
  • Quest Diagnostic Incorporated
  • Eurofins Scientific
  • Laboratory Corporation of America Holdings
  • Evotec
  • Creative Bioarray
  • Gentonix
  • Agilent Technologies

 

Market Dynamics

Here are some noteworthy developments in the in-vitro toxicology technology market during the forecast period –

  • Abbott signed an exclusivity agreement with Intoximeters which would give the firm exclusive distribution rights for Abbott’s SoToxa Mobile Testing System – A handheld device that provides drug and alcohol testing means.
  • SGS SA recently launched the new in-vitro testing which possesses developmental cell/tissue culture capabilities along with flow cytometry and mass spectrometry abilities. The device further boasts of high throughput screening, automation, and multiplexing technologies.

 

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The global in-vitro toxicology testing market can be divided into systemic toxicology, dermal toxicology, endocrine disruption, ocular toxicity, and others on the basis of application. The segment headed by systemic toxicology will witness the highest market share during the forecast owing to contributing factors ranging from the development of multiple organ plate assessment for systemic drives coupled with rising adoption of awareness of animal testing measures.

The global in-vitro toxicology testing market can be fragmented into pharmaceutical, cosmetics, and household products, diagnostics, chemicals industry & food industry on the basis of end-users. The pharmaceutical segment will account for the largest market share during the forecast owing to a rise of toxicology tests in pharmacokinetic analysis of novel and generic modified pharmaceutical testing.

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Global In-Vitro Toxicology Testing Market: Growth Factors

The primary driving factors for the growth of the in-vitro toxicology testing market are the intense evolution of 3D cell culture systems that render the host physiology that ensures potentially limitless testing of the human compound without any real-life animal testing. Factors pertaining to a risen acceptance of in-vitro toxicology and improvement in statistical computing models and simulations will further drive the growth of the market. Additional factors that can significantly boost the growth of the in-vitro toxicology testing market can be contributed toward a driven interest in developing better high-throughput screening (HTS) which further enables manufacturers to produce a cheaper and cost-effective testing alternative.

Asia-Pacific Will Lead The Global In-Vitro Toxicology Testing Market During the Forecast Timeframe

Asia-Pacific is expected to recoup the largest market share during the forecast in terms of global revenue collection. Factors pertaining to increase of government spending in terms of research and developmental measures coupled with ongoing pressure to decrease animal testing in in-vitro testing. Factors such as low testing and cost-effectiveness mean in the region coupled with the presence of key players in the region will boost the sales of in-vitro toxicology testing.

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The global in-vitro toxicology testing market can be segmented into:

Global In-Vitro Toxicology Testing Market: By Product Segment Analysis

  • Consumables
  • Assays
    • Bacterial Toxicity Assay
    • Enzyme Toxicity Assay
    • Cell-Based Elisa & Western Blots
    • Receptor-Binding Assays
    • Other Assays
  • Equipment
  • Software
  • Services

 

Global In-Vitro Toxicology Testing Market: By Technology Segment Analysis

  • Cell Culture Technology
  • High Throughput Technology
  • Molecular Imaging
  • OMICS Technology

 

Global In-Vitro Toxicology Testing Market: By Method Segment Analysis

  • Cellular Assay
  • Biochemical Assay
  • In silico
  • Ex-vivo

 

Global In-Vitro Toxicology Testing Market: By Application Segment Analysis

  • Systemic Toxicology
  • Dermal Toxicology
  • Endocrine Disruption
  • Ocular Toxicity
  • Others

 

Global In-Vitro Toxicology Testing Market: By End-Users Segment Analysis

  • Pharmaceutical
  • Cosmetics and Household Products
  • Diagnostics,
  • Chemicals Industry
  • Food industry

 

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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