According to the new market research report "In Vitro Toxicology Testing Market by Products (Assays) & Services, Toxicity Endpoints & Tests (ADME, Skin, Genotoxicity, Organ Toxicity), Technology (Cell-based, HTS), Method (Cellular Assays, Ex-Vivo), Industry (Pharmaceutical, Cosmetics) - Forecast to 2022", published by MarketsandMarketsâ„¢,The in vitro toxicology testing market is expected to reach USD 8.74 Billion by 2022 from an estimated USD 6.34 Billion in 2017, at a CAGR of 6.6%.
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Cell culture technology to hold the largest market share in 2017
Based on technology, the in vitro toxicology testing market is segmented into cell culture technologies, high-throughput technologies, cellular imaging technologies, and toxicogenomics. The toxicogenomics segment is expected to account for the highest CAGR in the global in the vitro toxicology testing market. Toxicogenomics is preferred to elucidate the changes in gene expression in response to toxic exposure and facilitates to identify toxicity pathways.
Based on toxicity endpoints and tests of in vitro toxicology testing, the market is subsegmented into ADME, genotoxicity, skin irritation and sensitization, cytotoxicity, ocular toxicity, organ toxicity, phototoxicity, dermal toxicity, and other toxicities (eco toxicity, endocrine disruption, and reproductive & developmental toxicity). In 2017, the ADME segment is expected to account for the largest share of the global in vitro toxicology testing market owing to its highly reproducible & accurate data and the increasing demand to curb drug toxicity at the drug development phase.
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US is estimated to account for the largest share among other regions in the in vitro toxicology testing market, followed by Germany and UK. In the Asia Pacific region, China is expected to grow at the highest CAGR during the forecast period.
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The global in vitro toxicology testing market is projected to reach USD 8.74 Billion by 2022 from USD 6.34 Billion in 2017, at a CAGR of 6.6% during the forecast period. This market is fragmented in nature with a large number of regional and national players. In 2016, Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), and Eurofins Scientific SE (Luxembourg) were the top three players in the in vitro toxicology testing market and accounted for approximately 40% share of the overall market.
Thermo Fisher Scientific dominated the global vitro toxicology testing market in 2016. The company offers approximately 100 toxicology assays kits and supplementary products for this market, Invitrogen and Gibco being its major brands. The company strategically acquired Affymetrix, Inc. (US) in 2016 to strengthen its offerings in clinical and applied markets. Additionally, the company is backed by its broad global reach, especially in the emerging markets.
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