According to the Global in-vitro toxicology testing market Research Report, the market value is expected to reach USD 27.38 billion by 2021 from USD 14.16 billion in 2016, growing at a CAGR of 14.10% for the next five years 2016-2021
Hyderabad, India -- (SBWIRE) -- 03/22/2018 -- The report "In-Vitro Toxicology Testing Market By Product (Assays, Reagents & Labware, And Services), Type (ADME, Dose, & Toxic Substance), Toxicity Endpoints & Tests (Carcinogenicity, Dermal Toxicity, Genotoxicity), Technology (OMICS Technologies, Cell Culture Technology), Method (Cellular Assays, In-Silico Method), And Industry (Cosmetics & Household Products, Pharmaceutical) - Forecast to 2021", The In-Vitro Toxicology Testing Market is expected to reach USD 27.38 Billion by 2021 from an estimated USD 14.16 Billion in 2016, at a CAGR of 14.1%. In vitro (meaning 'in glass') testing is utilized primarily to spot probably hazardous chemicals and to verify the deficiency of bound cyanogenic properties within the early stages of the event to make use of new substances like therapeutic drugs, agricultural chemicals, and food additives.
Rising advancements & development in cell culture, growing demand for in-vitro pharmacological medicine tests over the traditional in-vivo tests, increasing awareness towards toxicity testing studies, rising health-consciousness amongst people, growing economic standing in rising nations, the existence of favourable regulative authorities for pharmacological medicine testing exploitation the in-vitro tests are driving the expansion of the market.
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On the basis of products, the In-Vitro Toxicology Testing Market has been segmented into Assays, Reagents & Labware, and Services.
By type, the ADME segment accounted for the largest share of the market in 2016.
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On the basis of type, the In-Vitro Toxicology Testing Market has been segmented into ADME, Dose, & Toxic Substance. The ADME segment led the market growth in the recent years and is anticipated to do the same in the coming years.
By Toxicity Endpoints and Tests, the Genotoxicity segment accounted for the largest share of the market in 2016
On the basis of process, the In-Vitro Toxicology Testing Market has been segmented into Carcinogenicity, Dermal Toxicity, and Genotoxicity. In 2016, the toxicity segment dominated the market and is looking further to increase its size in the forecast period.
By Technology, the In-Vitro Toxicology Testing Market is segmented into OMICS Technologies and Cell Culture Technology.
By Method, the In-silico segment accounted for the largest share of the market in 2016.
On the basis of method the market is categorized into Cellular Assays and In-Silico Method. In 2016, the In-silico segment accounted for the major shares of the In-Vitro Toxicology Testing Market.
By Industry, Cosmetics segment dominated the market in 2016.
On the basis of Industry, the In-Vitro Toxicology Testing Market is divided into Cosmetics & Household Products, Pharmaceutical, out of which Cosmetics accounted for the maximum shares of the market.
Europe dominated the market in 2016
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The leading market in the in-vitro toxicology testing market is owned by Europe, this can be attributed to the reasons such as increase in awareness towards in-vitro toxicology testing and about its benefits in this region. Asia pacific is also showing consistent growth in the recent years and is anticipated to continue the same.
The various players in the global in-vitro toxicology testing market include, Covance, Inc. (A subsidiary of LabCorp) (U.S.), Agilent Technologies, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Eurofins Scientific SE (Luxembourg), General Electric Company (U.S.), BioReliance, Inc. (U.S.), Charles River Laboratories International, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Catalent (U.S.), and Cyprotex (U.K.), among others.
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