Persistence Market Research is released new forthcoming report on title "In-Vitro Toxicity Testing Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 10/29/2014 -- In-vitro testing market is growing at a significant due to technological advancements in the field and increasing number of R&D procedures which require in-vitro testing. In-vitro toxicity refers to a process of analyzing the effects of toxic chemical substances in mammalian or bacterial cells. In-vitro toxicity testing is done to study about the potential of hazardous substances. In addition, in-vitro toxicity is also done to study for the availabity of certain toxic properties in useful substances such as food additives, agricultural chemicals and therapeutic drugs. In-vitro toxicity testing market is growing at a significant rate due to growing awareness and increasing R&D for detecting toxicity at early stages. The global market for in-vitro toxicity testing can be segmented on the basis of industry, methods used, applications and technology. On the basis of industry, the global in-vitro toxicity testing market can be segmented into pharmaceuticals, diagnostics, cosmetics, chemicals and food. Of these, pharmaceutical industry dominates the market whereas cosmetic industry has the fastest growing in-vitro toxicity testing market. Growing bent towards detecting the toxicity during initial stages of production is driving the in-vitro toxicity testing market in pharmaceutical sector. Whereas, support from regulatory authorities for using in-vitro and in-silico methods for studying toxicity of a substance is driving the in-vitro toxicity testing market in cosmetic industry. On the basis of methods, the global in-vitro toxicity testing market can be segmented into biochemical assays, cellular assays, in-silico and ex-vivo. Of these, cellular assays dominate the global in-vitro toxicity testing market. Cellular assays are used as bio markers. In addition, they are used to study about the biological properties of the potential drug compounds.
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On the basis of applications, systemic toxicity testing is the largest segment in the global in-vitro toxicity testing market. Europe, followed by the North America dominates the global in-vitro toxicity testing market due to technological advancement and increased R&D initiatives in the region. In addition, government initiatives such as passing of anti-animal testing laws and more awareness among the people are some of the major factors driving the in-vitro toxicity testing market. Asia is expected to experience high growth rate in the next few years in in-vitro toxicity testing market. China and India are expected to be the fastest growing in-vitro toxicity testing markets in Asian region. This is due to large investment by various major companies in these countries. Some of the key driving forces for in-vitro toxicity testing market in emerging countries are rising government funding and growing awareness about new technologies.
Some of the major factors that are driving the in-vitro toxicity testing market are increasing acceptance by regulatory authorities for using in-vitro toxicity testing methods. In addition, factors such as advancement in the field and government initiatives are driving the global market for in-vitro toxicity testing. However, technological disadvancements linked with limiting the use and decreasing adoption rate are restraining the driving the global market for in-vitro toxicity testing. In addition, inability of in-vitro models to detect auto immunity and immunostimulation are restraining the global market for in-vitro toxicity testing.
Rising demand for in-vitro techniques, increasing drug discovery and innovations are expected to offer good opportunities for the global market for in-vitro toxicity testing. However, reluctance of regulatory authorities for using in-vitro toxicity testing methods and validation of new in-vitro method are some of the challenges faced by the global market for in-vitro toxicity testing. One of the latest trends that have been observed for the global in-vitro toxicity testing market includes shifting focus to innovative approaches of 3d cell culture. Some of the major companies dealing in the global in-vitro toxicity testing market are Agilent Technologies, Alere, Inc., Bio-Rad, BioReliance (Sigma Aldrich), GE Healthcare and Quest Diagnostics. Some other companies having significant presence in the global in-vitro toxicity testing market includes Catalent Pharma Solutions, Life Technologies Corporation (Thermo Fisher Scientific), Charles River Laboratories and Covance.
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