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In-Vitro Toxicity Testing Market : Global Market Snapshot by 2021

Press Release   •   Feb 07, 2017 00:53 EST

Growing bent towards detecting the toxicity during initial stages of production is driving the in-vitro toxicity testing market in pharmaceutical sector. Whereas, support from regulatory authorities for using in-vitro and in-silico methods for studying toxicity of a substance is driving the in-vitro toxicity testing market in cosmetic industry. On the basis of methods, the global in-vitro toxicity testing market can be segmented into biochemical assays, cellular assays, in-silico and ex-vivo. Of these, cellular assays dominate the global in-vitro toxicity testing market. Cellular assays are used as bio markers. In addition, they are used to study about the biological properties of the potential drug compounds.

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On the basis of applications, systemic toxicity testing is the largest segment in the global in-vitro toxicity testing market. Europe, followed by the North America dominates the global in-vitro toxicity testing market due to technological advancement and increased R&D initiatives in the region. In addition, government initiatives such as passing of anti-animal testing laws and more awareness among the people are some of the major factors driving the in-vitro toxicity testing market. Asia is expected to experience high growth rate in the next few years in in-vitro toxicity testing market. China and India are expected to be the fastest growing in-vitro toxicity testing markets in Asian region. This is due to large investment by various major companies in these countries. Some of the key driving forces for in-vitro toxicity testing market in emerging countries are rising government funding and growing awareness about new technologies.

Some of the major factors that are driving the in-vitro toxicity testing market are increasing acceptance by regulatory authorities for using in-vitro toxicity testing methods. In addition, factors such as advancement in the field and government initiatives are driving the global market for in-vitro toxicity testing. However, technological disadvancements linked with limiting the use and decreasing adoption rate are restraining the driving the global market for in-vitro toxicity testing. In addition, inability of in-vitro models to detect auto immunity and immunostimulation are restraining the global market for in-vitro toxicity testing.

Rising demand for in-vitro techniques, increasing drug discovery and innovations are expected to offer good opportunities for the global market for in-vitro toxicity testing. However, reluctance of regulatory authorities for using in-vitro toxicity testing methods and validation of new in-vitro method are some of the challenges faced by the global market for in-vitro toxicity testing. One of the latest trends that have been observed for the global in-vitro toxicity testing market includes shifting focus to innovative approaches of 3d cell culture.

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Some of the major companies dealing in the global in-vitro toxicity testing market are Agilent Technologies, Alere, Inc., Bio-Rad, BioReliance (Sigma Aldrich), GE Healthcare and Quest Diagnostics. Some other companies having significant presence in the global in-vitro toxicity testing market includes Catalent Pharma Solutions, Life Technologies Corporation (Thermo Fisher Scientific), Charles River Laboratories and Covance.

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