PUBLISHER: Lucintel | PRODUCT CODE: 1417532
PUBLISHER: Lucintel | PRODUCT CODE: 1417532
In-Vitro Toxicology Testing Trends and Forecast
The future of the global in-vitro toxicology testing market looks promising with opportunities in the pharmaceutical industry, cosmetics & household product, academic institutes & research laboratories, diagnostic, chemicals industry, and food industry. The global in-vitro toxicology testing market is expected to reach an estimated $18.8 billion by 2030 with a CAGR of 9.3% from 2024 to 2030. The major drivers for this market are increasing attention to in vitro techniques for customized medicine and drug discovery, growing public opposition to animal experimentation, and work on early-stage toxicity detection through research and development.
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In-Vitro Toxicology Testing by Segment
The study includes a forecast for the global in-vitro toxicology testing by method, technology, application, end use, and region.
List of In-Vitro Toxicology Testing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies in-vitro toxicology testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the in-vitro toxicology testing companies profiled in this report include-
In-Vitro Toxicology Testing Market Insights
Lucintel forecasts that systemic toxicology will remain the largest segment over the forecast period.
North America will remain the largest region over the forecast period due to the rise in government funding for therapeutic research, the rise in healthcare spending, the development of sophisticated infrastructure and drug discovery procedures, and the robust regulatory environment for approval.
Features of the Global In-Vitro Toxicology Testing Market
Market Size Estimates: In-vitro toxicology testing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: In-vitro toxicology testing market size by various segments, such as by method, technology, application, end use, and region in terms of value ($B).
Regional Analysis: In-vitro toxicology testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different method, technology, application, end use, and regions for the in-vitro toxicology testing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the in-vitro toxicology testing market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the in-vitro toxicology testing market size?
Answer: The global in-vitro toxicology testing market is expected to reach an estimated $18.8 billion by 2030.
Q2. What is the growth forecast for in-vitro toxicology testing market?
Answer: The global in-vitro toxicology testing market is expected to grow with a CAGR of 9.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the in-vitro toxicology testing market?
Answer: The major drivers for this market are increasing attention to in vitro techniques for customized medicine and drug discovery, growing public opposition to animal experimentation, and work on early-stage toxicity detection through research and development.
Q4. What are the major segments for in-vitro toxicology testing market?
Answer: The future of the global in-vitro toxicology testing market looks promising with opportunities in the pharmaceutical industry, cosmetics & household product, academic institutes & research laboratories, diagnostic, chemicals industry, and food industry.
Q5. Who are the key in-vitro toxicology testing market companies?
Answer: The major drivers for this market are increasing attention to in vitro techniques for customized medicine and drug discovery, growing public opposition to animal experimentation, and work on early-stage toxicity detection through research and development.
Q6. Which in-vitro toxicology testing market segment will be the largest in future?
Answer: Lucintel forecasts that systemic toxicology will remain the largest segment over the forecast period.
Q7. In in-vitro toxicology testing market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the rise in government funding for therapeutic research, the rise in healthcare spending, the development of sophisticated infrastructure and drug discovery procedures, and the robust regulatory environment for approval.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.