The
Global market for In-Vitro Toxicology testing market has been estimated to be
USD 10.8 billion in 2014 and it is
projected to reach USD 19 billion by the end of 2020 at a CAGR of 9.8% during the forecast period from 2014 to 2021.
Predictive in-vitro toxicology is the new cutting edge in biopharmaceutical research. It is considered one of the most
significant steps in drug discovery. Predictive in-vitro toxicology will improve the quality and quantity of drugs entering
clinical studies. It improves the safety and efficiency of new compounds and allows compounds to be arranged early in the
development process. Earlier and more lucrative identification of potential mechanisms that cause adverse drug reactions
have significant potential for improving consequences in drug discovery.
projected to reach USD 19 billion by the end of 2020 at a CAGR of 9.8% during the forecast period from 2014 to 2021.
Predictive in-vitro toxicology is the new cutting edge in biopharmaceutical research. It is considered one of the most
significant steps in drug discovery. Predictive in-vitro toxicology will improve the quality and quantity of drugs entering
clinical studies. It improves the safety and efficiency of new compounds and allows compounds to be arranged early in the
development process. Earlier and more lucrative identification of potential mechanisms that cause adverse drug reactions
have significant potential for improving consequences in drug discovery.
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There
are different industries that require toxicity testing of their products. On
the basis of end-users, the market is
segmented into pharmaceutical industry, cosmetics and household products, chemicals industry, and the food and beverages
industry. Pharmaceutical industry has the largest market share. This is attributed to the increased adoption of in vitro
methods in the detection of toxic effects to curb drug development costs and government initiatives such as AXLR8 program
that was initiated by the European Union. Cosmetics industry is expected to be the fastest growing industry in coming years
because of government support and amendment of European Union’s Cosmetics Directive that has set forth ban on the use of
animals in testing for any toxic effects of beauty products.
segmented into pharmaceutical industry, cosmetics and household products, chemicals industry, and the food and beverages
industry. Pharmaceutical industry has the largest market share. This is attributed to the increased adoption of in vitro
methods in the detection of toxic effects to curb drug development costs and government initiatives such as AXLR8 program
that was initiated by the European Union. Cosmetics industry is expected to be the fastest growing industry in coming years
because of government support and amendment of European Union’s Cosmetics Directive that has set forth ban on the use of
animals in testing for any toxic effects of beauty products.
Rapid technological advances, huge opposition to animal testing and
advances in toxicity testing protocols are the major
driving factors for the growth of the In-Vitro Toxicology testing market. However, Predictive ability of the tests,
stringent regulatory framework and the inability of in-vitro models to detect certain anomalies are the major challenges
faced by the market.
driving factors for the growth of the In-Vitro Toxicology testing market. However, Predictive ability of the tests,
stringent regulatory framework and the inability of in-vitro models to detect certain anomalies are the major challenges
faced by the market.
The market for in-vitro toxicology testing is segmented on basis of
Technology, Methods and Applications. Technology segment
is sub-divided into High Throughput Screening, Molecular Imaging, Cell Culture, Genomics, Toxicogenomics, Proteomics and
Metablolomics. The methods involved in in-vitro testing are Cell Assay based, Biochemical Assay based, In Silico based and
Ex vivo based methods. The application segment is further categorized into acute systemic toxicity, Dermal Toxicity, Ocular
Toxicity pharmacokinetics & metabolism, Organ-Specific Toxicity, Reproductive/Developmental Toxicity and others.
is sub-divided into High Throughput Screening, Molecular Imaging, Cell Culture, Genomics, Toxicogenomics, Proteomics and
Metablolomics. The methods involved in in-vitro testing are Cell Assay based, Biochemical Assay based, In Silico based and
Ex vivo based methods. The application segment is further categorized into acute systemic toxicity, Dermal Toxicity, Ocular
Toxicity pharmacokinetics & metabolism, Organ-Specific Toxicity, Reproductive/Developmental Toxicity and others.
Based on geography the market is segmented into North America, Europe,
Asia-Pacific and Rest of the World. Currently, Europe
is the largest market for In-Vitro Toxicology testing owing to high prevalence of cosmetic product testing and government
support, followed by North America. APAC is the fastest growing segment of the market. The emerging countries in Asia such
as China and India will register moderately high growth rates compared to previous years because of low development costs
and raise in investments.
is the largest market for In-Vitro Toxicology testing owing to high prevalence of cosmetic product testing and government
support, followed by North America. APAC is the fastest growing segment of the market. The emerging countries in Asia such
as China and India will register moderately high growth rates compared to previous years because of low development costs
and raise in investments.
Many players in this market are trying to expand their product portfolio
in order to top the global market. While few
companies are entering into the market by acquisitions, top companies are expanding their growth in this market by acquiring
other companies. The dominant players in this market are Agilent Technologies, Alere, Inc., Bio-Rad, Sigma Aldrich, Catalent
Pharma Solutions, Charles River Laboratories, Covance, Cyprotex, Eurofins Scientific, Inc., GE Healthcare, Thermo Fisher
Scientific and Quest Diagnostics.
companies are entering into the market by acquisitions, top companies are expanding their growth in this market by acquiring
other companies. The dominant players in this market are Agilent Technologies, Alere, Inc., Bio-Rad, Sigma Aldrich, Catalent
Pharma Solutions, Charles River Laboratories, Covance, Cyprotex, Eurofins Scientific, Inc., GE Healthcare, Thermo Fisher
Scientific and Quest Diagnostics.
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Key Deliverables
in the Study:
Market analysis for the Global In-Vitro Toxicology testing Market, with region specific assessments and competition analysis
on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and
Market analysis for the Global In-Vitro Toxicology testing Market, with region specific assessments and competition analysis
on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and
identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global In-Vitro Toxicology testing Market on both
global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial
information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to
sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still
untapped
Browse Complete Report @ http://www.orbisresearch.com/reports/index/global-in-vitro-toxicology-testing-market-growth-trends-and-forecasts-2017-2022 .
Some points from TOC:
1. Introduction
1.1 Report Description
1.2 Research Methodology
1.1 Report Description
1.2 Research Methodology
2. Key Findings
3. Executive Summary
4. Market Dynamics
4.1 Porters Five Force Analysis
4.2 Market Drivers
4.2.1 Increase in the opposition to animal testing in these procedures
4.2.2 Rapid advances in technologies boosting the market growth
4.2.3 Advances in toxicity testing protocols
4.3 Market Restraints
4.3.1 Predictive ability of these tests hinder the growth of the market
4.3.2 In vitro models not being able to detect certain specific anamolies
4.3.3 Stringent regulatory framework
4.1 Porters Five Force Analysis
4.2 Market Drivers
4.2.1 Increase in the opposition to animal testing in these procedures
4.2.2 Rapid advances in technologies boosting the market growth
4.2.3 Advances in toxicity testing protocols
4.3 Market Restraints
4.3.1 Predictive ability of these tests hinder the growth of the market
4.3.2 In vitro models not being able to detect certain specific anamolies
4.3.3 Stringent regulatory framework
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