In Vitro Toxicity Testing Market By Type (Absorption, Toxic Substances, Dose), By Techniology (Cell Culture Technologies, High Throughput Technologies, Toxicogenomics), By End User (Cosmetics and Households Products, Pharmaceuticals Industry, Food Industry, Chemicals Industry): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global in vitro toxicity testing market was valued at $18,565.2 million in 2020 and is projected to reach $59,147.6 million by 2030, growing at a CAGR of 12.0% from 2020 to 2030.
In vitro is the process of performing experiments in a test tube, culture dish, or outside a living organism. In vitro toxicity testing (IVTT) examines the effects of toxic chemical substances on cultured bacteria. It is used to identify hazardous chemical substances and helps detect the toxicity at early stages of the development of new products, such as drugs, cosmetics, and food additives. It is majorly used for safety evaluation in drug development and for ranking the chemicals according to their potency. Moreover, absorption, distribution, metabolism, and excretion (ADME), dose response, and threshold response of drugs are determined by this method.
The growth of the global in vitro toxicity testing market is driven by increase in acceptance by regulatory authorities for using this method for testing. Moreover, ban on animal testing and increase in awareness towards environmental concerns boost the market growth. However, factors such as reduction in adoption rate of in vitro toxicity testing kits and incapability of in vitro models to determine autoimmunity & immunostimulation restrain the market growth. Conversely, rise in focus towards new approaches of 3D cell culture and advancement in genetics & genetic screening approaches are expected to provide potential opportunities for market expansion.
The in vitro toxicity testing market is segmented into type, technology, end users, and region. On the basis of type, the market is categorized into absorption, toxic substances, and dose. Currently, the absorption segment dominates the global in vitro toxicity testing market.
On the basis of end user, the market is categorized into pharmaceuticals, cosmetics & household products, chemicals industry, and food industry. The cosmetics and households products segment is dominant among end users, followed by the pharmaceutical industry. On the basis of technology, the in vitro toxicity testing market is segmented in to cell culture technologies, high throughput technologies, and toxicogenomics. The cell culture technologies segment generated the highest revenue in 2020.
On the basis of region, the in vitro toxicity testing market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is the highest revenue growth, followed by Europe. LAMEA is predicted to grow faster than Asia-Pacific with a CAGR of 16.7% during the forecast period. The LAMEA segment is expected to dominate the in vitro toxicity testing market.
The key players operating in the market include, Acacia Pharma Group Plc., AstraZeneca Plc, GlaxoSmithKline Plc, Helsinn Holdings S.A., Heron Therapeutics Inc., Inc., General Electric Company, EISAI Pharmaceutical Pvt Ltd., Catalent, Inc., Laboratory Corporation of America Holdings., and Thermo Fisher Scientific, Inc.
Major players, such as GlaxoSmithKline Plc (GSK), General Electric Company, AstraZeneca Plc, and others are adopting the acquisition strategy to improve their product portfolio to maintain competition in the market. For instance, AstraZeneca completed the acquisition of Alexion pharmaceuticals, Inc. in July 2021. This acquisition aims to enhance scientific presence in immunology and through Alexion's innovative complement-biology platform and robust pipeline, and is expected to continue to pioneer the discovery and development of medicines for patients with rare diseases. Such instances are expected to provide lucrative opportunities for the major players for the growth of the market.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the in vitro toxicology industry segments, current trends, estimations, and dynamics of the in vitro toxicity testing market analysis from 2020 to 2030 to identify the prevailing in vitro toxicity testing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the in vitro toxicity testing market segmentation, and in vitro toxicity testing market forecast assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global in vitro toxicity testing industry.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global in vitro toxicity testing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Absorption
Toxic Substances
Dose
By Techniology
Cell Culture Technologies
High Throughput Technologies
Toxicogenomics
By End User
Cosmetics and Households Products
Pharmaceuticals Industry
Food Industry
Chemicals Industry
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
France
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
General Electric Company
Thermo Fisher Scientific, Inc.
Laboratory Corporation of America Holdings
ACACIA PHARMA GROUP PLC
TESARO INC.
Helsinn Holding S.A.
Heron Therapeutics Inc
AstraZeneca plc
Catalent Inc
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