In-vitro Toxicology Testing Market To Be Driven By Significant Advancements In Toxicology Science du
In-vitro Toxicology Testing Industry Overview
The global in-vitro toxicology testing market size was estimated at USD 22.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.7% from 2021 to 2028.
Significant advancements in toxicology science are one of the primary factors driving the market. Also, high costs associated with conventional animal tests and socio-ethical concerns associated with animal tests are anticipated to boost the growth of the market for in-vitro toxicology testing.
As in-vitro toxicology studies can help in minimizing liabilities related to late-stage failure in the drug discovery process, a high number of research studies and drug development programs for COVID-19 are expected to accelerate the market for in-vitro toxicology testing. More than 590 drugs for COVID-19 are in the development program as of November 2020. Such a high number of drug development programs is anticipated to boost the demand for in vitro toxicology testing services.
Gather more insights about the market drivers, restrains and growth of the Global In-vitro Toxicology Testing Market
Significant advancements in in-vitro toxicology assays to evaluate drug product safety along with the assessment of the potential effect of pharmaceuticals on cells and tissues are anticipated to bolster revenue generation in the market. With an increase in the need for such assays, companies have broadened their portfolio to serve demand in the market for in-vitro toxicology testing.
Availability of different methods in biotechnology and bioinformatics division to carry out in-silico simulation on animal models is also attributive for influencing industry growth through to 2028. Moreover, the development of toxicology databases for in-silico analysis of different compounds is anticipated to fuel demand for in-vitro techniques thereby leading to sector progress.
Considerable government funding for research coupled with definite reimbursement policies to develop automated and technologically advanced equipment for laboratory analysis and ex-vivo studies is expected to enhance market stability. On the contrary, unavailability of immunity testing and immune stimulation in current in-vitro tests is expected to hamper the growth of this industry.
Browse through Grand View Research's Biotechnology Industry Research Reports.
Biotechnology Market - The global biotechnology market size was valued at USD 752.88 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 15.83% from 2021 to 2028. The market is driven by favorable government initiatives owing to the growth of the biotechnology sector in developing countries, such as India and China. Government initiatives are oriented towards modernizing the drug regulatory pathway, standardizing clinical studies, improving reimbursement policies, and speeding up the product approval process,
Bioinformatics Market - The global bioinformatics market size was valued at USD 3.51 billion in 2013. Growing demand in the process of novel drug R&D and private and public funding initiatives to support R&D exercises are expected to be the key factors driving the market during the forecast period.
In-vitro Toxicology Testing Market Segmentation
Grand View Research has segmented the global in-vitro toxicology testing market on the basis of end-use, technology, method, application, and region:
In-vitro Toxicology Testing End-use Outlook (Revenue, USD Million, 2018 - 2028)
Pharmaceutical Industry
Cosmetics & Household Products
Academic Institutes and Research Laboratories
Diagnostics
Chemical Industry
Food Industry
In-vitro Toxicology Testing Technology Outlook (Revenue, USD Million, 2018 - 2028)
Cell Culture Technology
High Throughput Technology
Molecular Imaging
OMICS Technology
In-vitro Toxicology Testing Application Outlook (Revenue, USD Million, 2018 - 2028)
Systemic Toxicology
Dermal Toxicity
Endocrine Disruption
Occular toxicity
Others
In-vitro Toxicology Testing Method Outlook (Revenue, USD Million, 2018 - 2028)
Cellular Assay
Live Cells
High Throughput / High Content Screening
Molecular Imaging
Confocal Microscopy
Others
Others
Fixed Cells
Biochemical Assay
In-Silico
Ex-vivo
In-vitro Toxicology Testing Regional Outlook (Revenue, USD Million, 2018 - 2028)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Market Share Insights
August 2019: Abbott signed an agreement with Intoximeters, which gave Intoximeters exclusive distribution rights to Abbott's SoToxa Mobile Test System, a handheld oral fluid solution for drugs and alcohol testing in the U.S. The product enables the testing of methamphetamine, benzodiazepines, amphetamine, cocaine, cannabis (THC), and opiates.
November 2019: The U.S. National Institute for Environmental Health Sciences planned to provide funds to small companies for the development of engineered 3D culture or organotypic culture models (OCM) in-vitro systems.
Key Companies profiled:
Some prominent players in the global in-vitro toxicology testing market include
Merck KGaA
Charles River
Bio-Rad Laboratories, Inc.
Abbott
Thermo Fisher Scientific Inc.
Catalent, Inc.
GE Healthcare
Quest Diagnostics Incorporated
Eurofins Scientific
Laboratory Corporation of America Holdings
Evotec
Creative Bioarray
Gentronix
BioIVT
SGS SA
Agilent Technologies
Order a free sample PDF of the In-vitro Toxicology Testing Market Intelligence Study, published by Grand View Research.
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