In-Vitro Toxicity Testing Market Scope
In vitro is the method that helps observe harmful chemicals over the isolated part of the organism. It is used to recognize harmful chemical substances and helps identify the toxicity at the early stages of the development of new products such as drugs, cosmetics, and food additives. The in vitro toxicity testing is mainly used for safety evaluation in drug development. The absorption, distribution, metabolism, excretion (ADME), dose-response, threshold response of drug can also be determined by the in vitro toxicity testing.
According to AMA, the Global In-Vitro Toxicity Testing market is expected to see growth rate of 15.1%
Large size companies have focused on a new product launch to meet the specific requirements of the researchers. The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global In-Vitro Toxicity Testing market throughout the predicted period.
Abbott (United States), Covance (United States), GE Healthcare (United States), Quest Diagnostics, Inc. (United States), Thermo Fisher Scientific, Inc. (United States), Bio-Rad Laboratories (United States), Catalent Pharma Solutions (United States), Cyprotex (Germany), Agilent Technologies (United States) and Charles River Laboratories (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Merck KgaA (Germany) and Eurofins Scientific, Inc. (Luxembourg).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global In-Vitro Toxicity Testing market by Type (Absorption, Toxic Substances and Dose), by Application (Systemic Toxicology, Dermal Toxicity, Endorine Disruption, Occular Toxicity and Others) and Region with country level break-up.
On the basis of geography, the market of In-Vitro Toxicity Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Advancement in Genetics and Genetic Screening Approaches
- Emergence of New Approaches of 3D Cell Culture
Market Drivers
- Upsurge in Number of R&D Procedures
- Increase in Awareness about the Environmental Concerns
Opportunities
- Government Has Also Taken Initiatives Including Opposition to Animal Testing Laws
- Huge Demand in the Developing Countries
Restraints
- Lack Of Predictive Ability and In Vitro Model
Challenges
- Decrease in Adoption Rate of IVTT
- Incapability of IVTT to Detect Toxicities Due To Autoimmunity and Immune Stimulation
Key Target Audience
Government Research Organization, Private Research Organization, Government Regulatory Bodies, Industry Association, Downstream Vendors and Others