Wednesday, October 4, 2023
  • About Us
  • Contact Us
KsaWeekly.com
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Middle East
  • Press Release
Submit a News Release
No Result
View All Result
KsaWeekly.com
Submit PR
Home Press Release

In Vitro Toxicology Testing Market worth $18.6 billion by 2027

Press Room by Press Room
October 21, 2022
in Press Release
Share on FacebookShare on Twitter


(EMAILWIRE.COM, October 21, 2022 ) Major Growth Driving Factors:

The major factors driving the growth of In Vitro Toxicology Testing Market are the technological advancements, opposition to animal testing, and increasing R&D expenditure to detect toxicity at an early stage during drug development are the primary growth drivers for this market.

Projected Surge in Revenue:

The global in vitro toxicology testing market is expected to reach USD 18.6 billion by 2027 from an estimated USD 11.2 billion in 2022, at a CAGR of 10.8%.

Impact of COVID19 on Global Industry Growth:

Due to covid-19 outbreak it is expected to propel the in vitro toxicology research field in the coming years. On the other hand, estimation of the major share of diagnostic assays and molecular testing of Covid-19, along with personalized medicine will grow at a stable pace in the coming years. There is a huge increase of manufacturers that have taken key steps to increase patient access for diagnostic testing, vaccine and drug development in laboratories, hospitals, and other testing sites across the globe to guide patient care and protect public health.

By product and service, the consumables segment is expected to account for the largest share of the in vitro toxicology testing market

The consumables segment is estimated to account for the largest market share in 2021. Due to the increasing demand for high-quality reagents and the repeated use of media and reagents in vitro toxicology studies, the segment is attributed to grow.

Download PDF Brochure@

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209577065

During the forecast period in the toxicity endpoints and tests market, the organ toxicity segment is expected to grow at the highest in the market.

During the forecast period the organ toxicity segment is expected to grow at the highest in the market. Primary factors responsible for the growth in this segment are the increasing focus on drug safety and consumer-product safety.

Based on the technologies used in the in vitro toxicology testing, the cell culture technologies segment is expected to account for the largest share of the in vitro toxicology testing market

In 2021, the cell culture technologies segment is estimated to account for the largest market share. The cell culture technologies technique is the most preferred technique for toxicity testing, being capable of mimicking in vivo conditions and this the main reason that it will drive the largest market share.

Geographical Growth Dynamics:

Asia Pacific is estimated to be the fastest-growing market for in vitro toxicology testing during the forecast period

The APAC market is projected to register the highest growth during the forecast period. Factors such as, opposition to animal testing resulting in the use of alternate methods, emergence of CROs for outsourcing toxicology-related research projects, growing consumer awareness of product safety, and increasing pharmaceutical drug pipeline, are some of the key factors driving the growth of the in vitro toxicology testing market in the APAC.

Global Leading Companies:

The prominent players in the in vitro toxicology testing market include Thermo fisher Scientific, Inc. (US), Laboratory Corporation of America Holdings (US), Bio-Rad Laboratories, Inc. (US), General Electric Company (US), Eurofins Scientific (Luxembourg), Merck KGaA (Germany), Charles River Laboratories International, Inc. (US), Catalent, Inc. (US), Evotec (UK), SGS S.A. (Switzerland), QIAGEN (Germany), Promega Corporation (US), Gentronix Limited (UK), BioIVT (US), and MB Research Laboratories (US).

Request Sample Pages@

https://www.marketsandmarkets.com/requestsampleNew.asp?id=209577065



Source link

Previous Post

Wearable Injectors Market Size, Strategies and Opportunities Forecast 2022-28

Next Post

Spice Girl’s Mel B announces engagement to Rory McPhee | Lifestyle

RECOMMENDED NEWS

Firewood Market to reach USD 1355.3 Mn by 2029, emerging at a CAGR of 5.7 percent and forecast (2022-2029)

Firewood Market to reach USD 1355.3 Mn by 2029, emerging at a CAGR of 5.7 percent and forecast (2022-2029)

5 months ago
Dental Digital X-ray Market worth $7.0 billion by 2027

Dental Digital X-ray Market worth $7.0 billion by 2027

1 month ago

Saudi Arabia's accession to the CISG: changes and impact – Dentons

1 month ago

Saudi Arabia allocates $267m to Intellectual Property Strategy

9 months ago

BROWSE BY CATEGORIES

  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Release
  • Technology

POPULAR NEWS

  • LCID Stock Price Prediction: Lucid Eyes Saudi Arabia Markets – The Coin Republic

    0 shares
    Share 0 Tweet 0
  • Taiba Investments in deal to acquire Saudi hospitality group Dur – ZAWYA

    0 shares
    Share 0 Tweet 0
  • Paragon Developments and Adeer Holding join forces to establish new venture paragon Saudi Arabia for strategic real estate investments – ZAWYA

    0 shares
    Share 0 Tweet 0
  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • IoT in Manufacturing Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2026

    0 shares
    Share 0 Tweet 0

KSA Weekly™ publishes and aggregates business, socio-economic, Tech and industrial news on Saudi Arabia, Middle East and North Africa (MENA).

We provide press release distribution to media in the Kingdom of Saudi Arabia, the Arab world and the GCC/MENA regions. To send your press release, contact us today.

Recent News

Recent Posts
  • Global youth & academics convene at WIF in Abu Dhabi to foster sustainable economy and drive innovation
  • مشاركة شبابية وأكاديمية واسعة في “منتدى الاستثمار العالمي 2023” بأبوظبي لدعم الاقتصاد المستدام وتحفيز الابتكار
  • As Arab-Israeli normalisation expands, where do Palestinians fit? – Al Jazeera English
  • Saudi Arabia resumes flights to Canada as relations normalize after … – Wings
  • Saudi bourse falls on downbeat forecast, Egypt extends losses – Reuters

Category

News

Business

Finance

Technology

Lifestyle

Middle East

Press Releases

Subscribe to Our Newsletter

    KSA Weekly ™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Middle East
    • Press Release

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.