San Francisco, 23
November 2018: 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.
Access
Research Report of In-vitro Toxicology Testing Market @ 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 at: 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
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
In-vitro Toxicology Testing Market@ www.grandviewresearch.com/press-release/global-in-vitro-toxicology-testing-market
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.
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