Global Early Toxicology Testing Market 2018-2022

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The global early toxicology testing market is expected to grow at a CAGR of almost 8% during the forecast period

Early toxicology testing market growth is expected to accelerate over the next five years, driven by growing rejection of many drugs. The Americas will drive almost 40% of the growth of the early toxicology testing market, while EMEA and APAC are also predicted to make sizeable contributions to the incremental growth in the forecast period. Early types of toxicity testing in new compounds is highly essential because it reveals the species, organ, and dose-specific toxic effects of the drugs. Various types of toxicology also help avoid the adverse effects in patients consuming the drugs for diarrhea, dizziness, nausea, stomach pain, weakness, hand tremors and in rare cases, heart problems. Technavio’s early toxicology testing market analysis reveals promising markets around the world.

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Pharmaceutical and biotechnology industries are dominating the market by end-user type

The leading end-user segment in the global early toxicology testing market is pharmaceutical and biotechnology industry, with a market share of over 34% at the end of 2017. This end-user segment was followed by academic institutions and research laboratories, and others which include cosmetics, food, homecare and household cleaning sectors. The pharmaceutical and biotechnology industries are forecasted to experience a decline in their market shares over the next five years, while the others segment will witness a steady growth. Furthermore, the adoption of techniques such as in-vitro and in-silico types of toxicity testing is likely to contribute to the growth of the early toxicology testing market.

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Bio-Rad Laboratories, Charles River, and Eurofins Scientific are among leading vendors in the market

The global early toxicology testing market is growing reasonably concentrated with the existence of a few established early toxicology testing vendors. Most of the leading vendors in the global early toxicology testing market are focused on R&D for advanced understanding of human functions and diseases at a molecular level while mitigating human and animal studies. Also, with growing necessity for detection of diseases at the molecular level and screening chemicals in the pharmaceutical industry to identify specific biological functionality with minimal adverse effects will favor the growth of the market over the forecast period. Many international and regional vendors are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this early toxicology testing market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several early toxicology testing companies, including:

• Bio-Rad Laboratories
• Charles River
• Eurofins Scientific
• Merck & Co
• Thermo Fisher Scientific

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