Global Toxicology Testing Services Market to Reach $16.1 Billion by 2030
The global market for Toxicology Testing Services estimated at US$9.1 Billion in the year 2023, is expected to reach US$16.1 Billion by 2030, growing at a CAGR of 8.4% over the analysis period 2023-2030. In Vivo Method, one of the segments analyzed in the report, is expected to record a 7.9% CAGR and reach US$9.2 Billion by the end of the analysis period. Growth in the In Vitro Method segment is estimated at 8.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 7.9% CAGR
The Toxicology Testing Services market in the U.S. is estimated at US$2.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 6.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.
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