The global in-vitro
toxicology testing market size is expected to reach USD 26.98
billion by 2025, according to a new report by Grand View Research, Inc.,
progressing at a CAGR of 11.4% during the forecast period. Technological
advancements in computational biology along with introduction of novel efficient
algorithms help in conduct of efficient stimulation of in-silico animal models.
This, in turn, has significantly curtailed the need for animal models for
clinical studies, thereby providing a fillip to the market.
Furthermore, scientists are increasingly engaging in
enhancing the efficiency of databases that are designed to catalog vast
information for toxicity profiling. This, in turn, is anticipated to create
ample growth opportunities for the market during the forecast period.
Growing inclination of government toward non-animal
test and consequent establishment of guidelines on the use of alternative test
assays for pre-clinical research and toxicology testing is expected to bolster
the adoption of in-vitro toxicological tests.
Browse full research report on In-vitro Toxicology Testing Market: https://www.grandviewresearch.com/industry-analysis/in-vitro-toxicology-testing-market
Further
key findings from the report suggest:
- The pharmaceutical and cosmetic industries represented considerable
cumulative share in 2016. As toxicological testing is the pre-requisite
step in the development of any pharmaceutics as well as cosmetic products,
these segment held the largest share
- Cell culture technology is estimated to be the largest segment in
terms of revenue owing to integral role of cell culture in clinical
studies
- Omics technology is anticipated to exhibit the highest CAGR during
the forecast period. Rising awareness regarding the merits of the
technology such as high accurate and rapid toxicology assessments is
supplementing the growth of the segment
- On the basis of application, cellular assays held the leading share
in the market owing to constant development in cell culture techniques
- North America dominated the market in 2016. On the other hand, Asia
pacific is expected to register a noteworthy CAGR during the forecast
period
- Rapid advancements in health care infrastructure coupled with
improving economic conditions in Asian countries are expected to drive the
market in APAC
- Some of the key participants in the market are Abbott; Bio-Rad
Laboratories; and Thermo Fisher Scientific, Inc. These participants are
engaged in collaborations with clinical research organizations and pharmaceutical
industry.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/biotechnology
Grand
View Research has segmented the global in-vitro toxicology testing market on
the basis of technology, method, application, end-use, and region:
In-vitro
Toxicology Testing Technology Outlook (Revenue, USD Million, 2014 - 2025)
- Cell Culture
Tech
- High
Throughput Tech
- Molecular
Imaging
- OMICS Tech
In-vitro
Toxicology Testing Method Outlook (Revenue, USD Million, 2014 - 2025)
- Cellular
Assay
- Biochemical
Assay
- In Silica
- Ex-vivo
In-vitro
Toxicology Testing Application Outlook (Revenue, USD Million, 2014 - 2025)
- Systemic
Toxicology
- Dermal
Toxicity
- Endorine
Disruption
- Occular
Toxicity
- Others
In-vitro
Toxicology Testing End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Pharmaceutical
Industry
- Cosmetics
& Household Products
- Diagnostics
- Chemicals
Industry
- Food Industry
In-vitro
Toxicology Testing Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Middle East
& Africa
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
No comments:
Post a Comment