Global In-Vitro Toxicity Testing Market 2022-2026

Global In-Vitro Toxicity Testing Market 2022-2026

Technavio has been monitoring the in-vitro toxicity testing market and it is poised to grow by $ 5.18 bn during 2022-2026 progressing at a CAGR of 10.09% during the forecast period. Our report on the in-vitro toxicity testing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing use of in-vitro toxicity testing by companies to reduce drug failures and the presence of toxic substances.

The in-vitro toxicity testing market analysis includes the end-user segment and geographic landscape.

Technavio's in-vitro toxicity testing market is segmented as below:

By End-user

• Pharmaceutical and biotechnology companies
• Academic and research institutions
• Others

By Geographical Landscape

• North America
• Europe
• Asia
• ROW

This study identifies the rising number of awareness programsas one of the prime reasons driving the in-vitro toxicity testing market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on in-vitro toxicity testing market covers the following areas:

• In-vitro toxicity testing market sizing
• In-vitro toxicity testing market forecast
• In-vitro toxicity testing market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading in-vitro toxicity testing market vendors that include Abbott Laboratories, Agilent Technologies Inc., Bio Rad Laboratories Inc., Charles River Laboratories International Inc., Eurofins Scientific SE, Evotec SE, Laboratory Corp. of America Holdings, Merck KGaA, SGS SA, and Thermo Fisher Scientific Inc. Also, the in-vitro toxicity testing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Abbott Laboratories, Agilent Technologies Inc., Bio Rad Laboratories Inc., Charles River Laboratories International Inc., Eurofins Scientific SE, Evotec SE, Laboratory Corp. of America Holdings, Merck KGaA, SGS SA, Thermo Fisher Scientific Inc.