In Vitro Toxicology Testing Market Is Anticipated To Touch U...| MENAFN.COM

Monday, 06 February 2023 05:44 GMT

In Vitro Toxicology Testing Market Is Anticipated To Touch US$ 7.7 Bn At A CAGR Of 5.6% From 2023 To 2032


(MENAFN- Ameliorate Digital Consultancy)

The number of R&D operations requiring in vitro testing is increasing, which is driving the expansion of the global in vitro toxicology testing market . The prohibition of animal testing is also a major factor in this market's expansion. Growing environmental concerns and the desire to make sure that no poisons via agricultural pesticides, etc. reach the environment are two additional factors driving the demand for in vitro toxicity testing. Additionally, developments in 3D cell culture are fueling this market's growth.

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Companies Covered in This Report –

    • SGS S.A.
    • Bio-Rad Laboratories, Inc.
    • Charles River Laboratories International, Inc.
    • Eurofins Scientific Se
    • GE Healthcare
    • Merck KGaA
    • Promega Corporation
    • Qiagen N.V.
    • Thermo Fisher Scientific, Inc
    • Cyprotex PLC
    • Others

Persistence Market Research predicts that by 2022, the market for cellular assays technique type would reach a value of roughly US$ 3,700 Mn. This represents a CAGR of greater than 5% from 2017 to 2022, the assessment period. By the end of 2017, it is anticipated that the cellular assays method type segment would hold close to half of the method segment's revenue share; however, it is anticipated to see a decline in market share by 2022 compared to 2017.

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Market Taxonomy : In Vitro Toxicology Testing Market

    • In Vitro Toxicology Testing Market By Software : Business Intelligence & Analytics Solutions, Physician Quality Reporting Solutions, Clinical Risk, Management Solutions, Provider Performance Improvement Solutions
    • In Vitro Toxicology Testing Market By End Users : Hospitals , Ambulatory Care Centers , Payer , ACOs , Others
    • In Vitro Toxicology Testing Market By Application : Data Management , Risk Management
    • In Vitro Toxicology Testing Market By Delivery Mode : Cloud-based Solutions, On-premise Solutions
    • In Vitro Toxicology Testing Market By Region : North America , Latin America , Europe , Japan , Asia Pacific excluding Japan , Middle East and Africa

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Persistence Market Research predicts that by 2022, the hospitals market would have grown to a size of roughly US$ 1,200 million. This is a CAGR of roughly 12% from 2017 to 2022, the assessment period. By the end of 2017, the hospitals sector is anticipated to represent more than one-third of the end users sector's revenue share, and it is anticipated to increase its market share over 2017 by 2022.

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