Early Toxicity Testing Market by Global Demand and Latest Technology to 2030

Posted by Vedika on February 17th, 2021

The Global Early Toxicity Testing Market size is estimated to be USD 0.84 billion in 2019 and is predicted to reach USD 1.79 billion by 2030 with a CAGR of 7.1% from 2020-2030.

Early Toxicity Testing is the pre-clinical study of drug development which is done in the early phase to avoid heavy financial losses. This study allows getting the knowledge of various chemical substances on the bacteria and virus to further gain knowledge of its effectiveness. It also helps to eliminate the major reason for any drug failure well designed and executed preclinical studies led to the successful drug development.

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Top Companies: Agilent Technologies, Inc., Charles River Laboratories, Evotec AG (Cyprotex), Thermo Fisher Scientific, Inc., Accelrys, Enzo Biochem, Inc. (Enzo Clinical Labs, Inc.), Covance, Bioanalytical Systems, Inc., General Electric Company (GE Healthcare), BD Biosciences, Gene Logic, Bruker Corporation, The Jackson Laboratory, Invitrogen, Danaher Corporation (Beckman Coulter, Inc.), IDBS and PerkinElmer Inc and others.

The global early toxicity testing market share is analyzed on the basis of technique, end users and geography. On the basis of technique, the market is segmented into in-vivo, in-vitro, and in-silico. The in-vitro is sub segmented into assays and toxicity end-points and tests. The assay segment is further divided into Enzyme Toxicity Assays, Bacterial Toxicity Assays, Cell-based ELISA and Western Blots, Tissues Culture Assays, Receptor Binding Assays, and Other. The toxicity end-points and tests segment is further sub segmented into Dermal Toxicity, Systemic Toxicity, Carcinogenicity, Ocular Toxicity, Skin Sensitization and Irritation, Genotoxicity, eurotoxicity, Organ Toxicity, and Other. On the basis of end user, the market is divided into Pharmaceuticals Industry, Food Industry, Chemicals Industry, Cosmetics Industry, and Other. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

North America is expected to hold the major market share owing to the presence of increased adoption of early toxicity testing. Moreover, increase in technological advancement and presence of developed infrastructure and increase in R&D activities are expected to promote the growth of early toxicity testing market. Asia Pacific is expected to show tremendous growth with consistent growth in market size owing to the increase in R&D investment coupled with presence of various pharmaceutical companies and increased prevalence of various chronic disorders with increasing demand of effective drugs.

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Vedika

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Vedika
Joined: November 28th, 2020
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