(Health-NewsWire.Net, January 24, 2017 ) In-Vitro Toxicology Testing Market is projected to reach USD 27.38 billion by 2021, at a CAGR of 14.10% from 2016 to 2021.
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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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Global Market for In-Vitro Toxicology Testing is segmented on the basis of product, type, toxicity endpoints & tests, technology, method, industry and geography.
1) On the basis of Product Assays Reagents & Labware Services
2) On the basis of Type ADME (Absorption, Distribution, Metabolism, & Excretion) Dose Toxic Substance
3) 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
4) On the basis of Technology OMICS Technologies Cell Culture Technology High-Throughput Technologies Molecular Imaging Technologies
5) On the basis of Method In-Silico Methods Biochemical Assays Cellular Assays Ex-Vivo Models
6) On the basis of Industry Cosmetics and Household Products Diagnostics Pharmaceuticals Food Industry Chemicals
7) On the basis of Geography North America Europe Asia-Pacific Latin America Middle East & Africa
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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.), among others.
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