(Health-NewsWire.Net, July 27, 2017 ) According to the report Europe In-Vitro Toxicology Testing Market, published by Market Data Forecast, the Europe market is projected to reach USD 8.4 billion by 2021, at a CAGR of 12.8% from 2016 to 2021.
In-vitro toxicology testing is the scientific investigation of harmful effects caused by chemical substances on cultured mammalian cells or bacteria. Toxicity testing is very vital in drug identification as it discovers the harmful effects of new substance in the premature stages of drug identification. This prior detection of toxicity lessens the cost of development and time as well.
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Europe In-Vitro Toxicology Testing Market: Drivers & Restraints Steadily rising chronic ailments, augmenting geriatric population, advanced technological know-how, rising demand for healthy life style and establishment of work life balance, accessibility to government supported anti-animal testing laws, and prevalence of savoury administrative policies which regulate this market (such as European government prohibition on the manufacture & sale of all animal tested cosmetics in Europe) are fuelling the growth of in-vitro toxicology testing market in Europe. But, still, hefty costs of technologies and want of awareness regarding the in-vitro toxicology testing usage are inhibiting the growth of in-vitro toxicology testing market in Europe.
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Europe In-Vitro Toxicology Testing Market: Segmentation By product assays reagent & labware service By type ADME dose toxic substance By toxicity endpoints & tests systemic toxicity dermal toxicity carcinogenicity ocular toxicity skin sensitization & irritation genotoxicity neurotoxicity organ toxicity By technology OMICS technologies cell culture technology By method in-silico method biochemical assays cellular assays ex vivo models By industry cosmetics & household products pharmaceutical diagnostics chemical food
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Europe In-Vitro Toxicology Testing Market: Overview Toxicity testing of relatively new compounds is elemental in drug development, as identifying the potential toxicity at a premature stage in drug identification can save a lot of time and reduce the costs involved in the process, and besides that it will also decrease the likelihood of late-stage failure.
Assays segment is likely to dominate the European market in-vitro toxicology testing by product in 2016. Systemic toxicity is projected to possess the biggest portion of Europe in-vitro toxicology testing market by toxicity endpoints & tests in 2016. In-silico method is probable to capture the highest share of Europe in-vitro toxicology testing market by method in 2016. The cosmetics & household products industry is likely to command the largest market share of Europe in-vitro toxicology testing market by industry in 2016.
Europe In-Vitro Toxicology Testing Market: Region-wise Outlook If we go by geography, Europe in-vitro toxicology testing market is categorized into U.K., Germany, France, Italy, and Spain. Germany is projected to command the biggest portion of the Europe in-vitro toxicology testing market in 2016, however France is likely to develop at the highest CAGR in the aforementioned forecast periods.
Key Questions Answered What is the current and future Europe In-Vitro Toxicology Testing market outlook in Europe? What trends are affecting the European market? What is the competitive landscape and market share of major players in the Europe In-Vitro Toxicology Testing space in Europe? What are the key, high growth markets that Europe In-Vitro Toxicology Testing manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the Europe In-Vitro Toxicology Testing currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of Europe In-Vitro Toxicology Testing? What are the challenges and barriers that have hindered widespread adoption of Europe In-Vitro Toxicology Testing?
Europe In-Vitro Toxicology Testing Market: Key Players Various major players in in-vitro toxicology testing market inter alia are, 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.).
Reasons to buy Europe In-Vitro Toxicology Testing Market Report: regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y 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 macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), 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 Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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