In Vitro Toxicology Testing Market

Posted by Merin John on April 20th, 2021

In vitro toxicology testing is carried out to identify the potential toxicity of new compounds when they are at an early stages of development during the discovery and development of new drugs. This type of testing is carried out to identity the presence or absence of certain toxins in drugs, agricultural chemicals and food additives. There is a sharp increase in R&D procedures which require in vitro toxicology testing and this is boosting the growth of this market along with latest technological developments. Moreover, the ban on animal testing has led to the increasing adoption of in vitro toxicology testing and the governments all across the world are providing increased funding for such type of testing.

The global in vitro toxicology testing market is slated to touch a value of about US$ 7,750 Mn in the year 2022 and grow at a robust CAGR during the assessment period.

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The report has also included the profiles of some of the leading companies in the in vitro toxicology testing market like Promega Corporation, Charles River Laboratories International, Inc., SGS S.A., Qiagen N.V., Cyprotex PLC, Bio-Rad Laboratories, Inc., Merck KGaA, GE Healthcare Inc., Thermo Fisher Scientific Inc. and Eurofins Scientific Se.