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(Health-NewsWire.Net, December 17, 2019 ) Market Overview
The Global In Vitro Toxicology Testing market was valued at USD YY million in 2018 and is forecasted to reach USD YY million by 2026, with a CAGR of YY% during the forecast period (2019-2026).
Market Dynamics
The market growth is driven by several factors such as rising demand for in-vitro tests over the in-vivo tests, growing awareness about the toxicity testing studies and technological advancements.
However, the market is affected by the scarcity of in-vitro models to detect immunostimulation and lack of predictive ability of in vitro testing over in vivo testing.
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Market Segmentation
By Product and services, the global In Vitro Toxicology Testing Market is segmented into Assays, Reagents and Labware, and Services.
By Method, the market is segmented into Cellular Assays, In Silico Methods, Biochemical Assays, and Ex Vivo Models. By Technology, the market is segmented into Molecular Imaging Technologies, High-Throughput Technologies, Cell Culture Technology, and Omics Technologies.
Based on Industry, it is further segmented into Diagnostics, Pharmaceuticals, Cosmetics, and Household Products, Chemical, and Food Industry.
Among the recent technologies of In Vitro Toxicology Testing, toxicogenomics is a major technology that is used to make changes in gene expression for the toxic exposure and ability to predict toxicity pathways.
Geographical Analysis
Geographically, the market is segmented into North America, South America, Europe, Asia-Pacific, and RoW.
North America dominates the global In Vitro Toxicology Testing market where the US is accounted for the largest share and China is projected to grow during the forecast period.
The factors contributing to the growth of the market in this region include increasing the number of CROs (Contract Research Organizations) and growing R&D investments in the biopharmaceuticals market. Increasing international pressure to ban animal testing on the Chinese cosmetics industry is also contributing to the growth of the In Vitro Toxicology Testing market.
Competitive Trends
The major players of the global In Vitro Toxicology Testing market include SGS S.A., Covance, Bio-Rad Laboratories, Qiagen N.V., GE Healthcare, Eurofins Scientific Se, Merck KGaA, Thermo Fisher Scientific, Inc, Charles River Laboratories International, Inc., and Catalent Inc.
Thermo Fisher Scientific is dominating the global In-vitro toxicology testing market holds the largest market share in 2016. The major brands of the company are Invitrogen and Gibco offering over 110 toxicology assays kits and supplementary products for the toxicology testing. In 2016, Thermo Fisher Scientific acquired Affymetrix to expand its product offerings in clinical and applied markets.
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
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Product mapping in excel for the key Global In Vitro Toxicology Testing products of all major market players
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