In Vitro Toxicology Testing Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global In Vitro Toxicology Testing Market size is projected to reach a CAGR of 10.8% from 2023-2030.
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In vitro is the process that helps examine harmful chemicals over the isolated part of the organism. It is used to identify hazardous chemical substances and helps detect toxicity at the early stages of the development of new products, such as drugs, cosmetics, and food additives.
In vitro, toxicity testing (IVTT) is mainly used for safety evaluation in drug development and also for ranking the chemicals according to their potency. The absorption, distribution, metabolism, excretion (ADME), dose-response, and threshold response of the drug can also be determined by in vitro toxicity testing.
The rise in the number of R&D procedures will act as a major driver accelerating the in-vitro toxicology testing market’s growth rate. Another significant factor resulting in the expansion of the market is the growing development of 3D cell culture. Furthermore, a ban on animal testing and rising environmental concerns are the major drivers that will enhance the growth of the market.
Likewise, a rise the government funding for research along with favourable reimbursement policies for developing automated and technically advanced equipment for laboratory analysis will show a positive impact on the market’s growth rate. Growing healthcare expenditure, rapid urbanization, and a rise in the level of disposable incomes in developing and developed countries will influence the growth rate of the in-vitro toxicology testing market.
Delvens Industry Expert's Standpoint
Various novel techniques and fields are offering significant advancements in the comprehension of the biological responses of human tissues to chemical agents. These cutting-edge advancements are predicted to push forward the expansion of the in-vitro toxicology market growth throughout the projected duration.
The prominent players in In-Vitro Toxicology Testing Market are
· Thermo Fisher Scientific
· Agilent Technologies
· Bio-Rad Laboratories
· Danaher Corporation
· Quest Diagnostics
· Merck KGaA
· Perkin Elmer, Inc.
· Laboratory Corporation of America Holdings
· Eurofins Scientific
· Charles River Laboratories International, Inc.
· Abbott
· Catalent, Inc.
· Evotec
· SGS SA
· GVK Biosciences
· Gentronix
· WuXi AppTec
· MB Research Laboratories
· BioIVT
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North America to Dominate the In Vitro Toxicology Testing Market are:
· North America dominated the in-vitro toxicology testing market and accounted for the largest revenue share in 2021, owing to an increased focus of government bodies on drug discovery, a rise in healthcare expenditure, and the presence of adequate infrastructure for the growth and development of drug discovery technologies.
· Furthermore, strong regulatory guidelines pertaining to drug development and approval have boosted the adoption of services in the regional market for in-vitro toxicology testing.
· Government organizations in the Asia Pacific region are expected to drive the growth of in-vitro toxicology testing by promoting such methods. This is projected to result in the region witnessing the highest growth rate among all other regions.
Key Findings
· The technology segment is further segmented into Cell Culture Technology, High Throughput Technology, Molecular Imaging, and OMICS Technology. Cell culture technology dominated the market for in-vitro toxicology testing during the forecast period. It serves as an excellent model for examining toxic effects since it provides consistent samples and reproducible results, which enables early-stage detection of toxicity in the drug development process. Moreover, cell cultures are increasingly replacing animal testing, leading to its extensive application.
· The application segment is further fragmented into Systemic Toxicology, Dermal Toxicity, Endocrine Disruption, Ocular Toxicity, and Others. The systemic toxicology segment is anticipated to dominate the market for in-vitro toxicology testing during the forecast period. The development of multiple organ plates with simulated blood flow for assessing systemic toxicity drives the segment growth. Moreover, public and private organizations are taking initiatives for replacing animal testing with in-vitro techniques for acute systemic toxicity testing.
· Method segment is further segmented into Cellular assay, Biochemical Assay, In-Silico, and Ex-vivo. The cellular assay market is anticipated to dominate the market during the forecast period. This can be attributed to the wider availability of this technique for the pharmacokinetic profiling of drug products. Moreover, several pharmaceutical and biotechnological companies are essentially dependent on cellular assays for toxicity screening in the early stages of drug development.
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