Market Research Report
In-vitro Toxicology Testing Market, By Technology, By Method, By Application, By End Use, and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026
|Published by||AnalystView Market Insights||Product code||941391|
|Published||Content info||200 Pages
Delivery time: 2-3 business days
|In-vitro Toxicology Testing Market, By Technology, By Method, By Application, By End Use, and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026|
|Published: June 1, 2020||Content info: 200 Pages||
In-vitro Toxicology Testing market was valued at USD 8.23 billion by 2019, growing with 9.1% CAGR during the forecast period, 2020-2026
The rise in the number of research & development activities for in-vitro testing, growing awareness regarding the environmental concerns, and ban on animal testing are the major factors driving the growth of global in-vitro toxicology testing market. In addition, increasing ethical concerns related to animal testing procedures coupled with efforts taken by various animal welfare organizations are paving way for the reduction or replacement of animal testing with in-vitro toxicology testing. For example, the U.S. EPA (Environmental Protection Agency) presented a draft policy in 2018 that proposes the usage of in vitro methods to minimalize the use of animal in testing chemicals that cause skin sensitization or inflammation.
Furthermore, the emergence of novel approaches of 3D cell culture and advancements in genetic screening and genetics approaches are likely to create lucrative opportunities in the overall market during the forecast period. Conversely, the predictive ability of in-vitro testing as compared to vivo testing and insufficient in-vitro models to determine autoimmunity & immune-stimulation is predicted to hamper the market growth in the coming future.
Presently, Europe region is playing a dominant role in the global market for in-vitro toxicology testing owing to the technological advancements, increasing consciousness related to the significance of a healthy lifestyle, and growing geriatric population in the region.
The Asia-Pacific market for in-vitro toxicology testing is anticipated to witness the fastest growth rate during the period of forecast. The rapid growth of this region is majorly due to the rising focus of government organizations to encourage in-vitro methods' toxicology testing. Additionally, the clinical trials conducted in Asian countries is cost-effective as compared to western countries.
Further key findings of the study include:
The market size and forecast for each segment and sub-segments has been considered as below:
The scope of this report covers the market by its major segments, which include as follows:
TABLE Middle East and Africa In-vitro Toxicology Testing market, by Application, 2015-2026 (USD Million)