Unlocking Opportunities in the In-Vitro Toxicology Testing Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theIn-Vitro Toxicology Testing Market?
The progression in healthcare spending is anticipated to catalyze the advancement of the in-vitro toxicology testing market. The term ‘health expenditure’ denotes the sum allocated by the populace and government towards medical amenities like hospitals, home health provisions, prescribed drugs, nursing homes, and individual healthcare. The global escalation in health expenditure is attributable to the increasing occurrence of illnesses which necessitate in-vitro toxicology testing. For example, a report by the Centers for Medicare & Medicaid Services, a US federal agency, stated in September 2024 that from 2023 to 2032, there will be an average rise of 5.6% in the national health expenditure (NHE), overtaking the normal GDP growth rate of 4.3%. Consequently, the proportion of health spending in terms of GDP is anticipated to climb from 17.3% in 2022 to 19.7% in 2032. Hence, the surge in healthcare expenditure is fueling the growth of the in-vitro toxicology testing market.
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#What is the Projected CAGR for the In-Vitro Toxicology Testing Market Size from 2025 to 2034?
Recent years have seen a substantial increase in the size of the in-vitro toxicology testing market. It’s projected to expand from $11.53 billion in 2024 to $12.77 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.7%. Several factors prompted this growth in the past, including regulatory norms, ethical considerations and animal care, efficiency in terms of cost and time, growth of the global pharmaceutical sector, demand for drug discovery and development, and heightened public sensitivity towards environmental toxins.
In the coming years, the market size for in-vitro toxicology testing is anticipated to witness brisk expansion and is projected to hit the $19.18 billion mark by 2029, representing a Compound Annual Growth Rate (CAGR) of 10.7%. The market growth throughout the forecasted period has been linked to factors such as personalized medicine focus, the rising need for predictive toxicology models, extension of environmental testing, challenges related to oncology drug development, concentration on endocrine disruptor screening, and shift towards multi-organ chips. Key trends expected during this forecasted period encompass improvement in 3d cell culture technologies, integration of high-output screening, concentration on organ-on-a-chip technologies, application in chemical safety evaluations, use of human-derived cell lines, incorporation of omics technologies, along with educational drives and training programs.
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What Key Market Trends and Innovations Are Shaping the Future of theIn-Vitro Toxicology Testing Industry?
One key trend witnessing increased traction in the in-vitro toxicology market is the evolution of novel cell therapies. Prominent companies in the in-vitro toxicology testing market are concentrating on devising innovative funding solutions to reinforce their market standing. For example, In June 2024, Waypoint Bio, an American Biotechnology company, declared a seed funding of $14.5 million for the development of novel cell therapies for solid tumors using in vivo spatial pooled screening technology. This unique platform blends spatial biology with pooled screening, facilitating the simultaneous study of the interaction of an array of cell therapy candidates with the solid tumor microenvironment. This system can analyze hundreds of single-cell level phenotypes, assisting researchers to comprehend not only the effectiveness of various therapies but also their success or failure based on their interaction with the tumor surroundings.
Which Companies Are Leading the Charge in Expanding theIn-Vitro Toxicology Testing Market Growth?
Major companies operating in the in-vitro toxicology testing market are Thermo Fisher Scientific Inc., Merck KGaA, Laboratory Corporation of America Holdings (LabCorp), Gentronix Limited (a subsidiary of Eurofins Scientific SE), Bio-Rad Laboratories Inc., Eurofins Scientific SE, Charles River Laboratories International Inc., Promega Corporation, Agilent Technologies Inc., Evotec SE, SGS SA, BioIVT LLC, MB Research Laboratories LLC, Creative Biolabs Inc., Creative Bioarray Inc., InSphero AG, PerkinElmer Inc., Cyprotex PLC, MatTek Corporation, Danaher Corporation, Ncardia AG, Sekisui Chemical Co. Ltd., BioReliance Corporation, CellSystems Biotechnologie Vertrieb GmbH, Taconic Biosciences Inc., Biopredic International, MultiCell Technologies Inc., Altasciences Clinical Research Holdings Inc., Molecular Toxicology Inc., Toxys BV, XenoTech LLC, Optivia Biotechnology Inc., Toxikon Corporation
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How is the Global In-Vitro Toxicology Testing Market Segemented?
The in-vitro toxicology testing market covered in this report is segmented –
1) By Product And Service: Consumables, Assays, Equipment, Software, Services
2) By Method: Cellular Assays, Biochemical Assays, In Silico Models, Ex Vivo Models
3) By Technology: Cell Culture Technologies, High-throughput Technologies, Toxicogenomics
4) By Applications: Neurotoxicity, Dermal toxicity, Cytotoxicity, Other Applications
5) By Industry: Pharmaceuticals And Biopharmaceuticals, Cosmetic And Household Products, Food, Chemicals
Subsegments:
1) By Consumables: Reagents, Cell Culture Media, Plates And Vials
2) By Assays: Cell-Based Assays, Biochemical Assays, Genetic Toxicity Assays
3) By Equipment: Automated Systems, Microscopes, Plate Readers
4) By Software: Data Analysis Software, Laboratory Information Management Systems (LIMS), Toxicology Modeling Software
5) By Services: Testing Services, Consultation Services, Regulatory Compliance Services
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