“In-Vitro Toxicology Testing Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on in-vitro toxicology testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for in-vitro toxicology testing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The in-vitro toxicology testing market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Product and Service: Consumables; Assays; Equipment; Software; Services
- 2) By Method: Cellular Assays; Biochemical Assays; In Silico Models; Ex Vivo Models
- 3) By Technology: Cell Culture Technologies; High-throughput Technologies; Toxicogenomics
- 4) By Applications: Neurotoxicity; Dermal toxicity; Cytotoxicity; Other Applications
- 5) By Industry: Pharmaceuticals and Biopharmaceuticals; Cosmetic and Household Products; Food; Chemicals
- Companies Mentioned: Thermo Fisher Scientific Inc.; Merck KGaA; Laboratory Corporation of America Holdings; Gentronix Limited; Bio-Rad Laboratories Inc
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the in-vitro toxicology testing market are: Thermo Fisher Scientific Inc., Merck KGaA, Laboratory Corporation of America Holdings, Gentronix Limited, Bio-Rad Laboratories Inc., Eurofins Scientific SE, Charles River Laboratories International Inc., Promega Corporation, Agilent Technologies Inc., Abbott Laboratories, Evotec AG, SGS S.A, BioIVT, MB Research Laboratories, Creative Biolabs Inc., Quest Diagnostics Inc., Creative Bioarray, InSphero AG, PerkinElmer Inc., and Cyprotex PLC.
The global in-vitro toxicology testing market is expected to grow from $9.31 billion in 2022 to $10.35 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The in-vitro toxicology market is expected to grow to $15.36 billion in 2027 at a CAGR of 10.4%.
The in-vitro toxicology testing market includes revenues earned by entities by providing metabolic, toxicokinetic, and bioanalytical investigations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
In-vitro toxicology testing refers to assays and tests used to determine toxic doses of drugs, nutraceuticals, and food additives that cause toxicity when administered. It is used to detect the presence of toxic chemicals, and residual solvent, and reduce hazardous exposure. This testing is mostly used to determine the doses of medications that exhibit toxicity in preclinical development, along with drug discovery and development.
North America was the largest region in the in- vitro toxicology testing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in- vitro toxicology testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of in-vitro toxicology testing are consumables, assays, equipment, software, and services. Consumables refer to all the products that are used in laboratory testing of compounds such as cannulas and lancets. The methods involved cellular assays, biochemical assays, in silico models, and ex vivo models, and technologies involved are cell culture technologies, high-throughput technologies, and toxicogenomic, applied under various application involving neurotoxicity, dermal toxicity, cytotoxicity, and other applications. The various industry verticals included pharmaceuticals and biopharmaceuticals, cosmetic and household products, food, and chemicals.
Growing healthcare expenditure is expected to propel the in-vitro toxicology testing market going forward. Health expenditure is the amount of money spent by citizens and the government out of total income on hospitals, home health services, prescription pharmaceuticals, nursing facilities, and personal healthcare. Health expenditure is increasing in the world due to the rising prevalence of disease which utilizes in-vitro toxicology testing. For instance, according to American Medical Association, a US-based organization for physicians, Health spending in the U.S. increased by 9.7% in the year 2020 to $4.1 trillion or $12,530 per capita. This growth rate is substantially higher than in 2019 (4.3 %). Therefore, the growing healthcare expenditure is driving the in-vitro toxicology testing market.
The development of innovative cell culture systems is a key trend gaining popularity in the in-vitro toxicology market. Major companies operating in the in-vitro toxicology testing market are focused on developing new technological solutions to strengthen their position. For instance, in August 2021, Amerigo Scientific, a US-based company operating in in-vitro toxicology testing launched 3D cell culture for scientific uses. This innovative vitro 3D cell culture technology offers a solution for precision medicine approaches that could host human and animal cells, making it a concrete solution for replacing and reducing small animal studies with both ethical and economic impacts in drug development.
In December 2021, Aragen Life Sciences Private Limited, an India-based R&D and manufacturing solutions provider acquired Intox Private Limited for an undisclosed amount. This acquisition helps Aragen to expand its integrated drug discovery and development toxicology services to pharmaceutical companies. Intox Private Limited is an India-based company operating in in-vitro toxicology testing.
The countries covered in the in-vitro toxicology testing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The in-vitro toxicology testing market research report is one of a series of new reports from The Business Research Company that provides in-vitro toxicology testing market statistics, including in-vitro toxicology testing industry global market size, regional shares, competitors with an in-vitro toxicology testing market share, detailed in-vitro toxicology testing market segments, market trends and opportunities, and any further data you may need to thrive in the in-vitro toxicology testing industry. This in-vitro toxicology testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. In-vitro Toxicology Testing Market Characteristics
3. In-vitro Toxicology Testing Market Trends And Strategies
4. In-vitro Toxicology Testing Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On In-vitro Toxicology Testing Market
- 4.2. Ukraine-Russia War Impact On In-vitro Toxicology Testing Market
- 4.3. Impact Of High Inflation On In-vitro Toxicology Testing Market
5. In-vitro Toxicology Testing Market Size And Growth
- 5.1. Global In-vitro Toxicology Testing Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global In-vitro Toxicology Testing Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. In-vitro Toxicology Testing Market Segmentation
- 6.1. Global In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Consumables
- Assays
- Equipment
- Software
- Services
- 6.2. Global In-vitro Toxicology Testing Market, Segmentation By Method, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cellular Assays
- Biochemical Assays
- In Silico Models
- Ex Vivo Models
- 6.3. Global In-vitro Toxicology Testing Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cell Culture Technologies
- High-Throughput Technologies
- Toxicogenomics
- 6.4. Global In-vitro Toxicology Testing Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Neurotoxicity
- Dermal toxicity
- Cytotoxicity
- Other Applications
- 6.5. Global In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Pharmaceuticals and Biopharmaceuticals
- Cosmetic and Household Products
- Food
- Chemicals
7. In-vitro Toxicology Testing Market Regional And Country Analysis
- 7.1. Global In-vitro Toxicology Testing Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global In-vitro Toxicology Testing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific In-vitro Toxicology Testing Market
- 8.1. Asia-Pacific In-vitro Toxicology Testing Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China In-vitro Toxicology Testing Market
- 9.1. China In-vitro Toxicology Testing Market Overview
- 9.2. China In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India In-vitro Toxicology Testing Market
- 10.1. India In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan In-vitro Toxicology Testing Market
- 11.1. Japan In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia In-vitro Toxicology Testing Market
- 12.1. Australia In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia In-vitro Toxicology Testing Market
- 13.1. Indonesia In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea In-vitro Toxicology Testing Market
- 14.1. South Korea In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe In-vitro Toxicology Testing Market
- 15.1. Western Europe In-vitro Toxicology Testing Market Overview
- 15.2. Western Europe In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK In-vitro Toxicology Testing Market
- 16.1. UK In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany In-vitro Toxicology Testing Market
- 17.1. Germany In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France In-vitro Toxicology Testing Market
- 18.1. France In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe In-vitro Toxicology Testing Market
- 19.1. Eastern Europe In-vitro Toxicology Testing Market Overview
- 19.2. Eastern Europe In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia In-vitro Toxicology Testing Market
- 20.1. Russia In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America In-vitro Toxicology Testing Market
- 21.1. North America In-vitro Toxicology Testing Market Overview
- 21.2. North America In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA In-vitro Toxicology Testing Market
- 22.1. USA In-vitro Toxicology Testing Market Overview
- 22.2. USA In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America In-vitro Toxicology Testing Market
- 23.1. South America In-vitro Toxicology Testing Market Overview
- 23.2. South America In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil In-vitro Toxicology Testing Market
- 24.1. Brazil In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East In-vitro Toxicology Testing Market
- 25.1. Middle East In-vitro Toxicology Testing Market Overview
- 25.2. Middle East In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa In-vitro Toxicology Testing Market
- 26.1. Africa In-vitro Toxicology Testing Market Overview
- 26.2. Africa In-vitro Toxicology Testing Market, Segmentation By Product and Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa In-vitro Toxicology Testing Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. In-vitro Toxicology Testing Market Competitive Landscape And Company Profiles
- 27.1. In-vitro Toxicology Testing Market Competitive Landscape
- 27.2. In-vitro Toxicology Testing Market Company Profiles
- 27.2.1. Thermo Fisher Scientific Inc
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Merck KGaA
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Laboratory Corporation of America Holdings
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Gentronix Limited
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Bio-Rad Laboratories Inc
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The In-vitro Toxicology Testing Market
29. In-vitro Toxicology Testing Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer