Global Toxicology Testing Market 2024-2028
The toxicology testing market is forecasted to grow by USD 32.58 bn during 2023-2028, accelerating at a CAGR of 15.61% during the forecast period. The report on the toxicology 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high regulatory compliance in the food industry, the regular use of toxicology testing in pharmaceutical and biotechnology industries, and the increasing use of in-vitro tests as an alternative to animal testing.
Technavio's toxicology testing market is segmented as below:
By End-user
- Pharmaceutical industry
- Food industry
- Chemicals and others
By Technology
- Cell culture technology
- High throughput technology
- Molecular imaging
- OMICS technology
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the advances in toxicology testing technology as one of the prime reasons driving the toxicology testing market growth during the next few years. Also, growing consumer awareness and product safety, increasing demand for toxicology testing, and increased use of toxicology testing in forensics will lead to sizable demand in the market.
The report on the toxicology testing market covers the following areas:
- Toxicology testing market sizing
- Toxicology testing market forecast
- Toxicology testing market industry analysis
The 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 toxicology testing market vendors that include Abbott Laboratories, Agilent Technologies Inc., Danaher Corp., BioIVT LLC, Bio Rad Laboratories Inc., Catalent Inc., CompuDrug Ltd., Charles River Laboratories International Inc., Eurofins Scientific SE, Evotec SE, LABORATORY CORPORATION OF AMERICA HOLDINGS, Merck KGaA, PerkinElmer Inc, Quest Diagnostics Incorporated, Thermo Fisher Scientific Inc., SGS SA, Aragen Life Sciences Pvt. Ltd., BICO Group AB, Ingenza Ltd, and Randox Laboratories Ltd. Also, the toxicology 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.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.