According to the report by IMARC Group, “Global Early Toxicity Testing Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global early toxicity testing market reached a value of US$ 1.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.79 Billion by 2027, exhibiting a CAGR of 8.50% during 2022-2027.
Early toxicity testing is the process of determining the level of cell damage, the therapeutic potential and safe concentration of drugs. It is carried out during preclinical stages through several biological procedures to analyze the species, organs, and dose-specific toxic consequences of the product. It is also performed using numerous ways, such as silico on a computer, in vitro in laboratories, and in vivo on animals, to study accidental exposures to any substance.
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COVID-19 Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Early Toxicity Testing Market Trends and Drivers:
The market is primarily driven by the rising adoption of early toxicity testing in various industrial applications to determine the degree of toxicity and ensure that products are safe for human consumption. In addition, the growing prevalence of numerous diseases and the consequent requirement for safe drugs and biological products are further contributing to the market growth.
Besides this, the market is also propelled by the increasing research and development (R&D) activities and the implementation of stringent regulatory guidelines to determine the viability of various drugs. Moreover, the escalating demand for cosmetic products is increasing the utilization of early toxicity testing in the personal care industry to ensure the safety of the products, which in turn is propelling the market growth.
Global Early Toxicity Testing Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- Agilent Technologies Inc.
- Bio-Rad Laboratories Inc.
- Bruker Corporation
- Charles River Laboratories International Inc.
- Danaher Corporation
- Enzo Biochem Inc.
- Eurofins Scientific SE
- Evotec A.G.
- Merck KGaA
- PerkinElmer Inc.
- SGS S.A.
- Thermo Fisher Scientific Inc.
- WuXi AppTec.
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The report has segmented the market on the basis of region, technique and end user.
Breakup by Technique:
- In Vivo
- In Vitro
- In Silico
Breakup by End User:
- Pharmaceuticals Industry
- Food Industry
- Chemicals Industry
- Cosmetics Industry
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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