The In Vitro Toxicology Testing Market report is a blend of industry prospects and corporate opportunities from 2017 to 2022. The In Vitro Toxicology Testing Market Research Report of 2017 is a complete guide with detailed information about the key company profiles involved in this industry with market forecast and region-specific insights.
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The In Vitro Toxicology Testing Market Report published in 2017 states the current conditions of the industry, such as its insights, size, share, trends, demands and derived forecast. In Vitro Toxicology Testing Market is booming with growth and this report has statistics and analyzed data provided by the best researchers in the industry.
The In Vitro Toxicology Testing Market is expected to reach USD 8.74 billion by 2022 from an estimated USD 6.34 billion in 2017, at a CAGR of 6.6%. The key factors driving the growth of this market include opposition to animal testing, growing demand for in vitro technology in the European market, new and promising technologies, and increasing R&D expenditure to detect toxicity at an early stage.
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On the other hand, failure to establish intricacies of in vivo conditions through in vitro, lack of in vitro models to study complex endpoints, and a dearth of skilled professionals are the major factors restraining the growth of this market.
On the basis of product and services, the in vitro toxicology testing market is segmented into assays, services, and reagents and lab ware. The services segment is expected to witness the highest growth during the forecast period.
The growth of this segment can be attributed to the growing preference towards contract research in vitro toxicology testing services owing to the cost benefits offered by CROs.
Access the complete report on In Vitro Toxicology Testing Market spread across 253 pages, profiling 8 companies and supported with 150 tables and 70 figures is now available at www.rnrmarketresearch.com/in-vitro…rket-report.html
The US is expected to hold the largest share of the global in vitro toxicology testing market in 2017, while China is expected to witness the highest growth during 2017 to 2022. Growing R&D investments in the biopharmaceutical sector, coupled with the rising number of CROs in this country contribute to the growth of this market in China.
Additionally, rising international pressure on Chinese cosmetics industry to ban animal testing is expected to further drive this market.
Break of primary participants was as mentioned below:
By Company Type – Tier 1–25%, Tier 2–35% and Tier 3–40%
By Designation– C-level–22%, Director Level–33%, Others–45%
By Region – North America–30%, Europe–40%, Asia Pacific–15%, RoW–15%
The major players in the global in vitro toxicology testing market include Cyprotex (An Evotec AG subsidiary, Germany), Covance (A Laboratory Corporations of America Holding’s subsidiary, US), Eurofins Scientific SE (Luxembourg), GE Healthcare (US), Thermo Fisher Scientific (US), SGS SA (Switzerland), Promega Corporation (US), Merck KGaA (Germany), Charles River Laboratories, Inc. (US), and Lonza Group Ltd. (Switzerland), among others.
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Research Coverage: The report analyzes the in vitro toxicology testing market and aims at estimating the market size and future growth potential of this market based on various aspects such as product and service; toxicity endpoint and tests; technology; method; industry; and region. The report also includes an in-depth regulatory analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
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