In-Vitro Toxicology Testing Market worth $17,227 Million by 2018

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In-Vitro Toxicology Testing Market worth $17,227 Million by 2018
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The “In-Vitro Toxicology/ Toxicity Testing Market by Industry (Diagnostic,
Pharmaceutical, Cosmetics, Chemical), Technology (Cell Culture, HTS, Omics),
Applications (Systemic, Dermal, Ocular),Method (Cellular Assay, Ex vivo, In Silico)
- Global Forecast to 2018” provides a detailed overview of the major drivers,
restraints, challenges, opportunities, current market trends, and strategies
impacting the global In-vitro toxicology testing market along with the estimates
and forecasts of the revenue and share analysis.
Browse 67 market data tables, 25 figures spread through 246 pages and in-
depth TOC on “In-Vitro Toxicity Testing Market by Technology (Cell Culture, HTS,
Omics), Method (Cellular Assay, Ex vivo, In Silico), Industry (Diagnostic,
Pharmaceutical, Cosmetics, Chemical), Applications (Systemic, Dermal, Ocular)-
Global Forecast to 2018”
http://www.marketsandmarkets.com/Market-Reports/in-vitro-toxicology-
testing-market-209577065.html
http://www.marketsandmarkets.com/Market-Reports/in-vitro-toxicology-testing-
market-209577065.html

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• The global market will reach $17,227 million by 2018
growing at a double-digit CAGR during the forecast period
(2013–2018).

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• The global market is segmented by industry, technology, method,
application and geography. Based on industry, the market is further
segmented into diagnostics, pharmaceuticals, chemicals, cosmetics,
and food. Pharmaceutical industry secured the largest market share
whereas cosmetics industry was the fastest growing industry than the
rest. The inclination towards detection of toxicity during earlier stages
of development is propelling the growth of pharmaceutical industry.
Also, the support of regulatory authorities to use in vitro and in silico
methods in place of animal testing for gathering toxicological
information is driving the cosmetic industry.

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Based on technology, the market is segmented into cell culture,
high throughput screening, cellular imaging, and omics
technologies. Cell culture technology that occupies the largest
market share will also register maximum growth rate. The
evolution and advancement is leading to introduction of new
technologies that can better predict toxicity levels and translate in
vitro results into significant in vivo effects.

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• The methods considered for the study are cellular assays,
biochemical assays, ex vivo and in silico. Cellular assays held the
largest market share in 2013 and the market is bound to grow at
a double digit CAGR during the forecast period (2013–2018).
These assays provide the capability to detect and measure cell
viability, functionality, and growth. Cellular assays are used as
bio markers which have capacity to predict the biological
properties of potential drug compounds.

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• Under the applications, systemic toxicity testing was the largest
segment in 2013 and will grow at the highest CAGR between 2013 and
2018. Both cardiotoxicity and liver toxicity under systemic toxicity are
the key reasons for drug attrition. The increasing focus on detection of
toxicity in earlier stages of development is leading to persistent
requirements for human cell-based in vitro models.

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• Geographic analysis reveals that Europe commanded the largest share
of the global in vitro toxicity testing market in 2013. This was credited
to the support provided by the European government for anti-animal
testing laws. The directives set by the government has further put ban
on the production and sale of all animal tested cosmetics across the
continent.

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• Globally, the market will be driven by increasing acceptance of in vitro
toxicity testing methods by regulatory authorities as alternatives to in
vivo testing. This has been primarily driven by demand for
toxicological information on chemicals that are both existing and
newly introduced into the market. The new advances in the in vitro
toxicology testing have presented a wide range of new technologies
that help in investigating the adverse effects of environmental agents
in a more mechanistic, less expensive, and time saving manner.

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• Organizations such as REACH foresee that more results of in
vitro and in silico methods will be included in risk assessment
which will promote the use of in-vitro methods for toxicology
testing. The emerging countries in Asia, such as China and India,
will witness high growth on account of low cost offered by these
countries as well as the economic stability observed within these
countries.

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• The market is a highly fragmented one. The dominant players in this
market are Agilent Technologies (U.S.), Alere, Inc. (U.S.), Bio-Rad (U.S.),
BioReliance (Sigma Aldrich) (U.S.), Catalent Pharma Solutions (U.S.),
Charles River Laboratories (U.S.), Covance (U.S.), Cyprotex (U.K.),
Eurofins Scientific, Inc. (U.S.), GE Healthcare (U.K.), Life Technologies
Corporation (Thermo Fisher Scientific) (U.S.), and Quest Diagnostics
(U.S.).

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In-Vitro Toxicology Testing Market worth $17,227 Million by 2018

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In-Vitro Toxicology Testing Market worth $17,227 Million by 2018