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(IndustryNews247.Com, September 25, 2017 ) Global in-vitro toxicology testing Market is expected to reach USD 27.38 billion by 2021 from USD 14.16 billion in 2016, growing at a CAGR of 14.10% for the next five years 2016-2021.
In-vitro toxicology testing is the scientific analysis of toxic effects produced by chemical substances on cultured mammalian cells or bacteria. Toxicity testing is very essential in drug discovery as identifies the toxic effects of new compound in the early stages of drug discovery. This early detection of toxicity reduces the development cost and time.
Browse market data tables and in-depth TOC of the Global in-vitro toxicology testing Market to 2021 @ http://www.marketdataforecast.com/market-reports/global-in-vitro-toxicology-testing-market-184/
Increasing technological advancements, rising research & development in cell culture, growing demand for in-vitro toxicology tests over the conventional in-vivo tests, increasing awareness towards toxicity testing studies, rising health-consciousness amongst individuals, growing economic status in emerging nations, existence of favorable regulatory authorities for toxicology testing using the in-vitro tests are driving the growth of in-vitro toxicology testing market. However, scarcity of in-vitro models to detect immunostimulation & autoimmunity, lack of predictive ability of in vitro testing over in vivo testing, technological disadvancements limiting the use & decreasing adoption rate are the major factors that restrain the growth of in-vitro toxicology testing market.
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Market Segmentation
• Product Assays Reagents & Labware Services Growth Hormone Therapy • Type ADME (Absorption, Distribution, Metabolism, and Excretion) Dose Toxic Substance • Toxicity Endpoints & Tests Systemic Toxicity Dermal Toxicity Carcinogenicity Ocular Toxicity Skin Sensitization & Irritation Genotoxicity Neurotoxicity Organ Toxicity Other Toxicity Endpoints & Tests • Technology OMICS Technologies Cell Culture Technology High-Throughput Technologies Molecular Imaging Technologies • Method In-Silico Methods Biochemical Assays Cellular Assays Ex-Vivo Models • Industry Cosmetics and Household Products Diagnostics Pharmaceuticals Food Industry Chemicals
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On the basis of geographical region the global in-vitro toxicology testing market is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe is estimated to account for the largest share of 32.5% of the global in-vitro toxicology testing market in 2016, whereas Asia-Pacific is estimated to grow at the highest CAGR of 16.10% during the forecast period 2016-2021.
The key players in global 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.
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