(PharmaNewsWire.Com, April 19, 2017 ) According to the report Global In-Vitro Toxicology Testing Market published by Market Data Forecast, the global market was worth $14.16 billion in 2016 and is projected to reach $27.38 billion with CAGR of 14.10% by 2021.
Scientific analysis of the toxic effects produced by chemical substances on cultured mammalian cells or bacteria is called In-vitro toxicology. In vitro methods are used for testing therapeutics drugs agricultural chemicals and food products in their early stages for detection of any harmful chemicals in the product. This early testing of products helps in reducing cost and time. Asia-Pacific is estimated to grow at the highest CAGR of 16.10% during the forecast period 2016-2021.
Welfare organizations like PETA are available in order to maintain a check on animal abuse for testing. Increase in technological advancement, growth in population, government providing funding for research and development in cell culture are becoming the driving force for the growth of this market. With the rise in technological advancement and government initiatives for providing funding for research and development in cell culture drives the growth of this market. Also with increasing awareness between the masses regarding toxicology tests, inclination towards a healthy lifestyle, policies to keep in check of animal use have also led to growth of this market on the global front.
5. By Technologies OMICS technologies. Cell Culture Technologies.
6. By Industry Cosmetics & household products. Pharmaceutical. Chemical. Diagnostics. Food.
7. By Geography Asia-Pacific Europe. Latin America. Middle-East and Africa. North America.
The key players in in-vitro toxicology testing market include, Covance, Inc. (A subsidiary of LabCorp) (U.S.), Agilent Technologies, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Eurofins Scientific SE (Luxembourg), General Electric Company (U.S.), BioReliance, Inc. (A subsidiary of Merck & Co, Inc.) (U.S.), Charles River Laboratories International, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Catalent (U.S.), and Cyprotex (U.K.), among others
The Global In-Vitro toxicology Testing Market study offers following deliverables:
Global Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped.
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development.
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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