Overview of In-Vitro Toxicity Testing Market – The Growth Factors

Clearing the toxicology testing is vital for a substance in order to meet the governing regulations. These regulations determine the degree of a substance to damage non-living and living organisms. In-vitro toxicity testing helps analysis of the toxic chemicals on mammalian or cultured cells. It assays for xenobiotic toxicity of the substances in order to meet the government stipulations about safety. The global in-vitro toxicity testing market is driven by growing adoption across the world. Technological advancements and growing applications are also expected to create better investment opportunities for the new entrants. Existing businesses on the other hand are expecting better opportunities with changing government regulations and industry trends.

Segmentation in In-Vitro Toxicity Market

The global in-vitro toxicity testing market is segmented on the basis of the vital elements of the industry, which include the predominant industries, applications, technologies, and geographic regions. Industries with the applications are sub-segmented into pharmaceuticals, diagnostics, cosmetics, chemicals, and food. The diagnostic applications are sub-segmented into the types (workplace and forensics) and samples (alcohol, oral, urine, hair and other samples). Applications segment is categorized into dermal and systemic toxicity testing. Based on technology, the market is segmented into HTS, cell culture, OMICS and imaging. Geographically, the toxicity testing industry is divided into North America, Asia, Europe, and the rest of the world segment, which includes Middle Eastern, African and Pacific countries.

Drivers and Prospects of Growth

According to the analysis of all the aforementioned segments, researchers suggest that growing demand is the strongest industry driver. Increasing acceptance of the in-vitro testing methods is also expected to be the crucial driving factor for the in-vitro toxicity testing market. New testing approaches, promising technologies, innovative methods and increasing awareness of the government to act against animal testing are some of the essential factor for the overall trends of growth for this industry. Changing government regulations and innovation in the industry are expected to increase the rate of adoption and demand for these testing methods. However, limitations of these methods to replicate in-vivo conditions, predictive ability and government reluctance are the major hindrances in growth.

All in all, the researchers are expecting the global in-vitro toxicity testing market to maintain a CAGR of over 13% from 2013 to 2018. At the expected compound annual growth rate, the industry is expected to reach the market revenue of over $17,227 million by the end of the year 2018. During the forecasting period, cell culture is expected to be the fastest growing segment. Based on geography, Europe is expected to dominate the global industry based on demand and adoption of the advanced methods.