(Health-NewsWire.Net, December 24, 2016 ) According to the report In-Vitro Toxicology Testing Market, published by market Data Forecast, the global market is projected to reach USD 27.38 billion by 2021, at a CAGR of 14.10% from 2016 to 2021.
For full report refer to http://www.marketdataforecast.com/market-reports/global-in-vitro-toxicology-testing-market-184/
In-vitro toxicology testing is the scientific analysis of toxic effects produced by chemical substances on cultured mammalian cells or bacteria. Toxicity testing is very essential in drug discovery as identifies the toxic effects of new compound in the early stages of drug discovery. This early detection of toxicity reduces the development cost and time.
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Global In-Vitro Toxicology Testing market is expected to witness growth owing to increasing technological advancements, rising research & development in cell culture, growing demand for in-vitro toxicology tests over the conventional in-vivo tests, increasing awareness towards toxicity testing studies, rising health-consciousness amongst individuals, growing economic status in emerging nations, existence of favorable regulatory authorities for toxicology testing using the in-vitro tests.
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The In-Vitro Toxicology Testing is segmented as following:
On the basis of Product: Assays Reagents & Labware Services On the basis of Type: ADME (Absorption, Distribution, Metabolism, & Excretion) Dose Toxic Substance On the basis of Toxicity Endpoints & Tests: Systemic Toxicity Dermal Toxicity Carcinogenicity Ocular Toxicity Skin Sensitization & Irritation Genotoxicity Neurotoxicity Organ Toxicity Other Toxicity Endpoints & Tests On the basis of Technology: OMICS Technologies Cell Culture Technology High-Throughput Technologies Molecular Imaging Technologies On the basis of Method: In-Silico Methods Biochemical Assays Cellular Assays Ex-Vivo Models On the basis of Industry: Cosmetics and Household Products Diagnostics Pharmaceuticals Food Industry Chemicals On the basis of Geography: North America In-Vitro Toxicology Testing Europe In-Vitro Toxicology Testing Asia-Pacific In-Vitro Toxicology Testing Latin America In-Vitro Toxicology Testing Middle East & Africa In-Vitro Toxicology Testing
The key players in 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. (A subsidiary of Merck & Co, Inc.) (U.S.), Charles River Laboratories International, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Catalent (U.S.), and Cyprotex (U.K.).
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The In-Vitro Toxicology Testing Market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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