|
(Health-NewsWire.Net, October 08, 2019 ) The major factors driving the growth of this industry are the opposition to animal testing, technological advancements, and increasing R&D expenditure to detect toxicity at an early stage during drug development.
By product & service, the consumables segment is expected to account for the largest share of the in-vitro toxicology testing market
The consumables segment is estimated to account for the largest market share in 2018. The large share of this segment can be attributed to the increasing demand for high-quality reagents and the repeated use of media and reagents in in-vitro toxicology studies.
In the toxicity endpoints & tests segment, the organ toxicity segment is expected to grow at the highest CAGR during the forecast period
Download PDF Brochure to Read More@
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209577065
The organ toxicity segment is expected to grow at the highest CAGR during the forecast period. The growth in this segment can be attributed to factors such as the increasing focus on drug safety and consumer-product safety, along with the need to screen potential drug targets during the early stage of drug development.
Based on technology, the cell culture segment is expected to account for the largest share of the in-vitro toxicology testing market
The cell culture segment is estimated to account for the largest market share in 2018. The large share of this segment can be attributed to the fact that it is the most preferred technique for toxicity testing, being capable of mimicking in-vivo conditions.
Asia Pacific is estimated to be the fastest-growing market for in-vitro toxicology testing during the forecast period
The APAC market is projected to register the highest growth during the forecast period. The emergence of CROs for outsourcing toxicology-related research projects, opposition to animal testing resulting in the use of alternate methods, increasing pharmaceutical drug pipeline, and growing consumer awareness of product safety are some of the key factors driving the growth of the in-vitro toxicology testing market in the APAC.
The prominent players in the in-vitro toxicology testing market include Thermo Fisher Scientific Inc. (US), Covance (US), Bio-Rad Laboratories, Inc. (US), GE Healthcare (US), Eurofins Scientific SE (Luxembourg), Merck KGaA (Germany), Charles River Laboratories International, Inc. (US), Catalent, Inc. (US), Cyprotex (UK), SGS S.A. (Switzerland), QIAGEN N.V. (Germany), Promega Corporation (US), Gentronix Limited (UK), BioIVT (US), and MB Research Laboratories (US).
You Can Also Request to Get 10% FREE Customization on This Report@
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=209577065
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™
Mr. Shelly Singh
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
|
