Pune, India, Nov. 02, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global in vitro toxicity testing market was valued at USD 9.1 billion in 2020 and is estimated to record a CAGR of 10.1% over 2021-2027, subsequently accumulating a valuation of USD 18.07 billion by the end of forecast period.
The report carefully analyses various industry segmentations, including product type, method, toxicity endpoint & test, technology ambit, industry, and regional divisions. An intricate analysis of each segment with respect to the growth pattern, market share, projected growth rate contributes to a major portion of the study.
Increasing research & development activities in vitro testing, strict regulations regarding animal testing, and rising awareness regarding environmental concerns are majorly driving global in vitro toxicity testing market growth. Moreover, rising focus towards drug discovery and personalized medicine using in vitro methods is also augmenting the market development during the assessment period.
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For the record, in vitro toxicity testing is the scientific study of toxic properties and effects of the toxic substances on cultured bacteria and cells.
In addition, technological advancements in genetics & genetic screening approaches coupled with emergence of innovative approaches to 3D cell culture with major companies focusing on new product launches are positively swaying the industry dynamics.
For instance, Labcorp Drug Development (formerly Covance) had opened a new R&D Center in Shanghai, China in September 2019. Similarly, Eurofins Scientific S.E launched a new food testing laboratory in Suzhou, China in May 2018.
Speaking of negatives, dearth of skilled professionals for method development, operation, validation, and troubleshooting activities is likely to hinder market progression over the projected timeline.
Geographical outlook
Analysts cite that North America is likely to serve as a lucrative growth avenue for the worldwide in vitro toxicity testing market over the assessment period, owing to rising infrastructure investment, increasing healthcare expenditure, and growing focus of government bodies towards expanding drug discovery activities.
Meanwhile, Asia Pacific market is expected to expand at a significant growth rate over the forecast duration 2021-2027, on account of improving healthcare infrastructure and increasing government incentives for research in academic & private organizations to assist the improvements in technology.
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Global In Vitro Toxicity Testing Market by Product Type (Revenue, USD Billion, 2018-2027)
- Consumables
- Assays
- Equipment
- Services
- Software
Global In Vitro Toxicity Testing Market by Method (Revenue, USD Billion, 2018-2027)
- Cellular Assays
- Ex Vivo Models
- Biochemical Assays
- In Silico Models
Global In Vitro Toxicity Testing Market by Toxicity Endpoint & Test (Revenue, USD Billion, 2018-2027)
- ADME
- Other Toxicity Endpoints & Tests
- Cytotoxicity Testing
- Skin Irritation, Corrosion, & Sensitization
- Genotoxicity Testing
- Ocular Toxicity
- Phototoxicity Testing
- Organ Toxicity
- Dermal Toxicity
Global In Vitro Toxicity Testing Market by Industry (Revenue, USD Billion, 2018-2027)
- Pharmaceuticals & Biopharmaceuticals
- Chemicals
- Cosmetic & Household Products
- Food
Global In Vitro Toxicity Testing Market from the Technology Ambit (Revenue, USD Billion, 2018-2027)
- High-throughput Technologies
- Toxicogenomics
- Cell Culture Technologies
Global In Vitro Toxicity Testing Market, Regional Terrain (Revenue, USD Billion, 2018-2027)
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
North America
- U.S.
- Canada
Latin America
- Mexico
- Brazil
Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
Rest of the World
Global In Vitro Toxicity Testing Market Competitive Dashboard (Revenue, USD Billion, 2018-2027)
- Laboratory Corporation of America Holdings
- Eurofins Scientific SE
- Quest Diagnostics Incorporated
- GE Healthcare
- Catalent Inc.
- Thermo Fisher Scientific Inc.
- Abbott Laboratories
- Bio-Rad Laboratories Inc.
- Charles River Laboratories International Inc.
- Merck Group
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. In Vitro Toxicity Testing Market, by Region, 2019-2027 (USD Billion)
1.2.2. In Vitro Toxicity Testing Market, by Product, 2019-2027 (USD Billion)
1.2.3. In Vitro Toxicity Testing Market, by Method, 2019-2027 (USD Billion)
1.2.4. In Vitro Toxicity Testing Market, by Toxicity Endpoint & Test, 2019-2027 (USD Billion)
1.2.5. In Vitro Toxicity Testing Market, by Industry, 2019-2027 (USD Billion)
1.2.6. In Vitro Toxicity Testing Market, by Technology, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global In Vitro Toxicity Testing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global In Vitro Toxicity Testing Market Dynamics
3.1. In Vitro Toxicity Testing Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Opposition to animal testing
3.1.1.2. Increasing R&D expenditure to detect toxicity
3.1.2. Market Challenges
3.1.2.1. Lack of skilled Professionals
3.1.3. Market Opportunities
3.1.3.1. Increasing focus on drug discovery
Chapter 4. Global In Vitro Toxicity Testing Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global In Vitro Toxicity Testing Market, by Product
5.1. Market Snapshot
5.2. Global In Vitro Toxicity Testing Market by Product, Performance - Potential Analysis
5.3. Global In Vitro Toxicity Testing Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
5.4. In Vitro Toxicity Testing Market, Sub Segment Analysis
5.4.1. Consumables
5.4.2. Assays
5.4.3. Equipment
5.4.4. Software
5.4.5. Services
Chapter 6. Global In Vitro Toxicity Testing Market, by Method
6.1. Market Snapshot
6.2. Global In Vitro Toxicity Testing Market by Method, Performance - Potential Analysis
6.3. Global In Vitro Toxicity Testing Market Estimates & Forecasts by Method 2018-2027 (USD Billion)
6.4. In Vitro Toxicity Testing Market, Sub Segment Analysis
6.4.1. Cellular Assays
6.4.2. Biochemical Assays
6.4.3. In Silico Models
6.4.4. Ex Vivo Models
Chapter 7. Global In Vitro Toxicity Testing Market, by Toxicity Endpoint & Test
7.1. Market Snapshot
7.2. Global In Vitro Toxicity Testing Market by Toxicity Endpoint & Test, Performance - Potential Analysis
7.3. Global In Vitro Toxicity Testing Market Estimates & Forecasts by Toxicity Endpoint & Test 2018-2027 (USD Billion)
7.4. In Vitro Toxicity Testing Market, Sub Segment Analysis
7.4.1. ADME
7.4.2. Skin Irritation, Corrosion, & Sensitization
7.4.3. Genotoxicity Testing
7.4.4. Cytotoxicity Testing
7.4.5. Ocular Toxicity
7.4.6. Organ Toxicity
7.4.7. Phototoxicity Testing
7.4.8. Dermal Toxicity
7.4.9. Other Toxicity Endpoints & Tests
Chapter 8. Global In Vitro Toxicity Testing Market, by Industry
8.1. Market Snapshot
8.2. Global In Vitro Toxicity Testing Market by Industry, Performance - Potential Analysis
8.3. Global In Vitro Toxicity Testing Market Estimates & Forecasts by Industry 2018-2027 (USD Billion)
8.4. In Vitro Toxicity Testing Market, Sub Segment Analysis
8.5. Pharmaceuticals & Biopharmaceuticals
8.6. Cosmetic & Household Products
8.7. Food
8.8. Chemicals
Chapter 9. Global In Vitro Toxicity Testing Market, by Technology
9.1. Market Snapshot
9.2. Global In Vitro Toxicity Testing Market by Technology, Performance - Potential Analysis
9.3. Global In Vitro Toxicity Testing Market Estimates & Forecasts by Technology 2018-2027 (USD Billion)
9.4. In Vitro Toxicity Testing Market, Sub Segment Analysis
9.5. Cell Culture Technologies
9.6. High-throughput Technologies
9.7. Toxicogenomics
Chapter 10. Global In Vitro Toxicity Testing Market, Regional Analysis
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Global IVD (In Vitro Diagnostics) Market Size study and Regional Forecasts 2020-2026
Global IVD (In Vitro Diagnostics) Market is valued approximately USD XX million in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. The demand for in-vitro diagnostic products due to the COVID-19 pandemic is expected to grow mainly due to factors such as a strong increase in the demand for PCR, NGS, serology-based rapid-test drugs, the favorable regulatory environment for drug creation & marketing and a sharp increase in target patient population. These trends have driven industry players to develop and enhance their existing capacities in production and delivery, as well as emphasis on commodity development & improvements. It is anticipated that the development of automated in vitro diagnostic (IVD) systems for laboratories and hospitals to provide reliable, precise, and error-free diagnosis would drive progress.
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