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Global Vitro Toxicology Testing Market By Technology (OMICS Technology, Molecular Imaging, Others), By Application (Dermal Toxicity, Ocular Toxicity, Others.), By Method, By End-Users, By Region, Forecast & Opportunities to 2026

The global vitro toxicology testing market accounted for a value of USD 7.4 billion in 2019 and it is projected to register growth at a CAGR of 19.5% during forecast period.

COVID-19 has impacted the vitro toxicology testing market.  The demand for conducting faster testing is increasing around world. The demand and adoption of vitro toxicology testing technologies is increasing rapidly. Various in vitro testing kits have been approved for use in COVID-19 testing. There is decline in number of patient visiting hospitals or clinics on regular basis and this has hampered the market for vitro toxicology testing during pandemic. There is a supply shortage due to lockdown and travel restrictions. The market for vitro toxicology testing is likely to foresee boost from 2021.

Definition:

Vitro toxicology testing is defined as study of effects toxic chemicals on micro-tissues or cells. It allows us to identify potentially harmful chemicals in their early stage of development of new products such as agrichemicals and new pharmaceuticals.

Market Dynamics (Drivers/Opportunities):

The adoption of vitro toxicology testing is increasing in the world. The animal testing is very costly and time consuming. Animal testing involves huge risks for animal’s life. The tests are conducted on rabbits and rodent model which involves risk of zoonotic diseases. Many countries have banned the animal testing and these countries have adopted vitro toxicology testing. This drives growth in vitro toxicology testing market during forecast period.

The pharmaceutical sector is facing huge decline in profitability from some time in new medical entities launched. Many new drugs have shown adverse effects during clinical trials. This issue can be resolved using vitro toxicology testing. It helps in predicting toxicity and efficacy in humans before drugs taken for clinical trials. This increases the adoption of vitro toxicology testing and drives growth in this market during forecast period.

Market Insights, by Technology

On the basis of technology, the vitro toxicology testing market is segmented into OMICS technology, molecular imaging, high throughput technology and cell culture technology. The cell culture technology accounted for largest market share in 2019. However, the OMICS technology is expected to grow at highest CAGR during forecast period. This technology offers personalized data which helps in providing better insights and it also reduces variability in data. It gives a clear and deeper understanding of toxicity of different sized materials. The high adoption of OMICS technology drives growth in this segment during forecast period.

Market Insights, by Application

On the basis of application, the vitro toxicology testing market is segmented into dermal toxicity, systemic toxicology, ocular toxicity, endocrine disruption and others. Systemic toxicology segment is had lead the market in 2019. However, the dermal toxicity segment is estimated to highest growing market during forecast period.  The toxicology assays for dermal technology is cost-effective, reliable and simple. It helps in risk assessment and the technological advancement in dermal toxicity leads to increase in demand for dermal toxicity segment. This drives growth in dermal toxicity segment during forecast period.

Market Insights, by End-Users

On the basis of end-user, the vitro toxicology testing market is segmented into pharmaceutical industry, cosmetics & household products, diagnostics, food industry and chemicals industry. The pharmaceutical segment is estimated to hold largest market share during forecast period. The demand for vitro toxicology testing is highest in pharmaceuticals industry. It is used in analyzing generic and novel modified pharmaceutical products. There are various drugs which are in pipeline which requires vitro toxicology testing. This drives growth in pharmaceutical industry during forecast period.

Regional Insights

Asia-Pacific region is expected to register growth at highest CAGR during forecast period. The governments in various regions are focusing on promoting the use of vitro toxicology testing methods. The demand for cost effective clinical trials is increasing in this region and vitro toxicology testing provides cost effective testing. Many companies are performing their drug test in Asia-Pacific region as the clinical trials are less costly than other countries. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in vitro toxicology testing market are Thermo Fisher Scientific, Merck KGAA, Eurofins Scientific SE, GE Healthcare, Covance Inc., Charles River Laboratories, SGS S.A., Bio-Rad Laboratories, Qiagen N.V., Cyprotex Plc., Promega Corporation, Catalent Inc., Gentronix Inc., MB Research Laboratories, Bioivt, Creative Biolabs, Creative Biorray and Insphero.

Segments Covered in the Report

This report forecasts The Global Vitro Toxicology Testing Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global vitro toxicology testing market report on the basis of technology, application, method and end-users.

Vitro Toxicology Testing Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Methods
    • Quantitative Research
      • Primary & Secondary Methods
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Vitro Toxicology Testing Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • OMICS Technology
  • Molecular Imaging
  • High Throughput Technology
  • Cell Culture Technology.
  1. Vitro Toxicology Testing Market, By Method, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Cellular assay
  • In Silico
  • Ex-Vivo
  • Biochemical Assay
  1. Vitro Toxicology Testing Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Dermal Toxicity
  • Systemic Toxicology
  • Ocular Toxicity
  • Endocrine Disruption
  1. Vitro Toxicology Testing Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Pharmaceutical Industry
  • Cosmetics & Household Products
  • Diagnostics
  • Food Industry
  • Chemicals Industry.
  1. Vitro Toxicology Testing Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Technology
    • By Method
    • By Application
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Technology
      • By Method
      • By Application
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Technology
        • By Method
        • By Application
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Technology
          • By Method
          • By Application
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Technology
            • By Method
            • By Application
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Insphero
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Thermo Fisher Scientific
    • Merck KGAA
    • Eurofins Scientific SE
    • GE Healthcare
    • Covance Inc.
    • Charles River Laboratories
    • SGS S.A.
    • Bio-Rad Laboratories
    • Qiagen N.V.
    • Cyprotex Plc.
    • Promega Corporation
    • Catalent Inc.
    • Gentronix Inc.
    • MB Research Laboratories
    • Bioivt
    • Creative Biolabs
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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