Toxicology Testing Services Market was valued at US$ 8.15 Bn in 2022. Global Toxicology Testing Services Market size is expected to grow at a CAGR of 9.02 % through the forecast period.
Toxicology Testing Services Market Overview:
This study categorises the Toxicology Testing Services market in order to anticipate revenues and analyse trends in each of the sub-markets listed below.
The Competition Strategic Window investigates the competition landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their strengths and future growth possibilities.
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Toxicology Testing Services Market Scope:
The Toxicology Testing Services Industry research provides readers with a more in-depth insight of the market and competitive landscape, helping them to make better decisions on market growth and expansion. The study includes a participant summary, revenue figures, capital investment, and worldwide Toxicology Testing Services market growth rates.
Toxicology Testing Services Market Segmentation:
According to industry type, the pharmaceutical and biotechnology segments are anticipated to hold the largest market shares (x%) in 2022. Because these industries are spending more on R&D, the pharmaceutical and biotechnology segment is growing at the fastest rate in the market. In addition, one of the main reasons that helped industries control their spending on R&D while focusing on their core competencies was the growing trend of outsourcing preclinical studies to contract research organizations. The expansion of toxicology testing services worldwide is a result of all these factors.
According to Method, the in vivo method segment dominated the market throughout the forecast period, having the highest CAGR of XX%. It is said that in vivo toxicology is an expensive and time-consuming method. Furthermore, animals are used in testing procedures with this method, which causes pain to them. For all of these reasons, ethical communities are working to outlaw using animals in chemical toxicity testing and research. As a result, different alternative methods of toxicology testing are included in silicon and in vitro methods, which are also becoming more and more popular in the market.
1. Global Toxicology Testing Services Market, By Method (2022-2029)
• In Vitro Method
• In Vivo Method
• In Silico Method
2. Global Toxicology Testing Services Market, By Type of Industry (2022-2029)
• Pharmaceutical and Biotechnology
• Cosmetic
• Chemical
• Medical Devices
• Others
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Toxicology Testing Services Market Key Players: The key players are
• Bureau Veritas
• Charles River Laboratories
• Eurofins Scientific
• Envigo
• Pharmaceutical Product Development
• Evotec A.G.
• Merck KGaA
• MPI Research
• SGS Group
• Wuxi Apptec
• Laboratory Corporation of America Holdings
• North American Science Associates
• ITR Laboratories Canada Inc.
• Pharmaron Beijing Co. Ltd.
• Aragen Life Sciences
• Chempartner
• Fera science Ltd.
• Pacific Biolabs
• STILLMEADOW, Inc.
• ZeClinics
• Vipragen Biosciences Private Limited
• Syngene International Limited
• RCC Laboratories India Private Limited
• PRADO Private Limited
• Oroxcell
• Metrion Biosciences
• NAMSA Inc.
• Jubilant Biosys Limited
• Computational Toxicology Services LLC
• Altasciences
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Toxicology Testing Services Market Regional Analysis:
The Toxicology Testing Services market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Toxicology Testing Services market share and will continue to be a major shareholder in the global Toxicology Testing Services market.
COVID-19 Impact Analysis on Toxicology Testing Services Market: The COVID-19 impact on the Toxicology Testing Services market is also included in the report
Key Questions Answered in the Toxicology Testing Services Market Report are:
- What will be the CAGR of the Toxicology Testing Services market during the forecast period?
- Which segment emerged as the leading segment in the Toxicology Testing Services market?
- Which are the prominent players in the Toxicology Testing Services market?
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