Global In Vitro Toxicology Testing Market Report and Forecast 2023-2028

Global In Vitro Toxicology Testing Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global in vitro toxicology testing market reached a value of approximately USD 25.42 billion in 2022. Aided by the growing demand for advanced, predictive toxicology assays and the increasing drug discovery and development activities, the market is projected to further grow at a CAGR of 9.53% between 2023 and 2028 to reach a value of USD 41.05 billion by 2028.

In vitro toxicology testing involves the use of cell cultures, cellular components, or biomolecules to assess the potential toxicity of new compounds. These tests play an integral role in drug development, chemical safety testing, and cosmetic product evaluation. Apart from its primary function in toxicity prediction, in vitro toxicology testing offers significant benefits such as reduced dependency on animal models, cost-effectiveness, and high-throughput screening potential, making it a valuable tool in various industrial applications, including pharmaceuticals, biotechnology, and cosmetics.

The rising demand for innovative, predictive toxicology assays is driving the global in vitro toxicology testing market growth. With growing awareness of the ethical issues associated with animal testing and the regulatory push for alternative methods, there has been a significant shift towards in vitro toxicology tests. Additionally, the rising trend of precision and personalised medicine has further enhanced the appeal of in vitro toxicology testing, as it provides a more human-relevant approach to toxicity prediction.

The expanding applications of in vitro methods in various industries also contribute to the in vitro toxicology testing market development. In the pharmaceutical industry, in vitro toxicology testing aids in early risk identification in the drug discovery process, reducing the risk of late-stage failures. The cosmetic industry, under pressure to avoid animal testing, increasingly utilises in vitro methods for safety evaluation. Furthermore, in vitro tests' high-throughput screening capabilities make them crucial tools in chemical safety testing and environmental risk assessment, fuelling the in vitro toxicology testing market demand.

Moreover, the demand for efficient and ethical alternatives in toxicity testing has led to an increased focus on in vitro methods. With the rise of 3D cell culture technologies and the increasing popularity of human-on-a-chip systems, in vitro toxicology testing is emerging as a critical area in the pursuit of more accurate and ethical testing methods, thereby driving the in vitro toxicology testing market expansion.

Market Segmentation

The market can be divided based on product type, technology, method, application, end-user, and region.

Market Breakup by Product Type

• Equipment
• Assay Kits
• Consumables
• Software
• Services

Market Breakup by Technology

• High Throughput
• Cell Culture
• Texicogenomics

Market Breakup by Method

• Cellular Assay
• Biochemical Assay
• In Silica
• Ex-vivo

Market Breakup by Application

• Neuro Toxicity
• Dermal Toxicity
• Cytotoxicity
• Others

Market Breakup by End-User

• Pharmaceuticals and Biopharmaceuticals
• Cosmetics and Household Products
• Food Industry
• Chemicals
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global in vitro toxicology testing companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• SGS SA
• Gentronix
• Thermo Fisher Scientific Inc.
• Bio-Rad Laboratories, Inc.
• Integrated Laboratory Systems
• LAUS GmbH
• Aragen Life Sciences Pvt. Ltd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.