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Toxicology Testing Market by Technology, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 173
  • SKU: IRTNTR74722
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The toxicology testing market is estimated to grow at a CAGR of 15.09% between 2022 and 2027. The size of the market is forecast to increase by USD 27.5 billion. The growth of the market depends on serval factors, including a rise in toxicology testing in the food industry, regular use of toxicology testing in pharmaceutical and biotechnology industries, and increasing use of in-vitro tests as an alternative to animal testing.

This report extensively covers market segmentation by technology (cell culture technology, high throughput technology, molecular imaging, and omics technology), end-user (pharmaceutical industry, food industry, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Toxicology Testing Market During the Forecast Period?

Toxicology Testing Market Size

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Parent Market Analysis

The reports categorize the global toxicology testing market as a part of the global life science tools and services market. The parent, global life science tools and services market covers products and companies engaged in R&D of a variety of product categories, including capital equipment, instruments, accessories, and consumables that are used for R&D on pharmaceuticals and biotechnology products and laboratory diagnosis of various diseases. It also covers life sciences-related services, including contract research, contract manufacturing, and contract sales.  Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Toxicology Testing Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rise in toxicology testing in the food industry is notably driving the market growth, although factors such as a lack of skilled professionals may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Toxicology Testing Market Driver 

The rise in toxicology testing in the food industry is notably driving market growth. The food industry has continually made improvements in safety testing methods, particularly focusing on microbial contaminants. The rapidly growing use of food additives, food contact substance development, and changing weather conditions has increased the need to explore the use of high-throughput chemical toxicology testing approaches for food safety as they are hazardous. Food additives are substances that are added to food to enhance the quality of food, such as taste and appearance, and for preservation. 

The effects of several toxicants in food lead to oxidative stress and chronic inflammation. Further, oxidative reactions lead to an accumulation of damaged macromolecules that harms cells, tissues, and organs. Therefore, toxicants may play an important role in cell death, chronic inflammation, aging, and degenerative diseases such as Alzheimer, Parkinson, and Huntington's diseases, as well as multiple sclerosis, myocardial infarction, arteriosclerosis, diabetes, rheumatoid arthritis, sterility, cataract, and many others. Hence, the increasing number of chemicals used in the food industry and the cost- and time-efficient in-vitro high-throughput toxicology testing methods allow toxicologists and scientists to estimate the risk potential of chemicals and thus benefit the growth of the market in focus during the forecast period.

Key Toxicology Testing Market Trend

Advances in toxicology is the primary trend driving the market growth. The field of toxicology is characterized by the advanced understanding of the human biological system and diseases at a molecular level while reducing the risk of human and animal studies. The adoption of techniques such as in-vitro and in-silico testing methods is increasing as a replacement for in-vivo methods as they involve experimentation on whole living organisms as opposed to dead organisms. The need to detect diseases at a molecular level and screen chemicals in the pharmaceutical industry to identify specific biological functionalities with minimal adverse effects has made the in-vivo method not beneficial.

Thus, the in-vitro testing method is evolving due to advances in various technologies, such as cell culture technologies, cellular imaging technologies, and toxicogenomics. This is because the in-vitro testing method is used for the procedure in a controlled environment and not on human or animal models. Advances in 3D cell culture technologies, which are gradually replacing 2D technologies, are enabling toxicology testing to develop complex models that can easily mimic in-vivo systems. Thus, advancements in the field of toxicology are positively impacting the growth of the global toxicology testing market during the forecast period.

Key Toxicology Testing Market Challenge

The lack of skilled professionals is the major challenge impeding the market growth. The use of toxicology testing is increasing at a rapid rate. A major challenge in these scientific fields is the lack of technically skilled and trained staff, i.e., toxicologists. Toxicology testing is often complex and requires sophisticated techniques and instruments for various analysis procedures. The most important component in biopharmaceutical, university, and forensic science is the professional, scientific staff. The minimum required skills are usually gained through formal education, training, and operational (on-the-job) experience.

Toxicology testing requires a lot of prior knowledge of chemical components and their metabolizing process in the living system, as certain concentrations of chemicals can be lethal for cells or alter the genetic system (change in gene sequence, i.e., mutation). Extensive training and experience are required to operate all stages for accurate toxicology testing. The limited number of such trained professionals will act as a challenge to the growth of the global toxicology testing market during the forecast period.

Key Toxicology Testing Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Toxicology Testing Market Share by Geography

Global Toxicology Testing Market Customer Landscape

Who are the Major Toxicology Testing Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

SGS SA - The company offers toxicology testing such as blood, urine, and serum drug testing. Under this segment, the company also offers a wide range of inspection, testing, certification, and advisory services, powered by leading technology and digital tools. Additionally, the company offers a wide range of testing, inspection, and certification solutions for the crop science, food, health science, and hygiene industries under the connectivity and products segment.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • BICO Group AB
  • Bio Rad Laboratories Inc.
  • BioIVT LLC
  • Charles River Laboratories
  • CompuDrug Ltd.
  • Evotec SE
  • Ingenza Ltd.
  • Laboratory Corp. of America Holdings
  • Merck KGaA
  • PerkinElmer Inc.
  • Quest Diagnostics Inc.
  • Randox Laboratories Ltd.
  • Thermo Fisher Scientific Inc.
  • Catalent Inc.
  • Eurofins Scientific SE

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Toxicology Testing Market?

The market share growth by the cell culture technology segment will be significant during the forecast period. Cell culture technology is used for screening toxicity both by estimation of the basal functions of the cell or by tests on specialized cell functions. Numerous cell types are used in general toxicity tests, which primarily aim to assess the biological activity of test chemicals (e.g., fibroblasts, HeLa, and hepatoma cells). When chemical in-vivo toxicity is well known and in-vitro studies employing specialist cell cultures have been employed to elucidate the mechanisms of harmful action on the target tissue, cytotoxicity testing using specialized cells has proven to be most helpful.

Toxicology Testing Market Size

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The cell culture technology segment shows a gradual increase in the market share of USD 6.53 billion in 2017 and continue to grow by 2021. These tests have helped shed light on the pathogenesis of a few human diseases. Cell culture technology holds a major share in the global toxicology testing market in 2022, which is expected to continue leading to the growth of the market in focus during the forecast period.

Which are the Key Regions for the Toxicology Testing Market?

Toxicology Testing Market Share by Geography

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North America is projected to contribute 43% by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The toxicology testing market in North America is led by the US and Canada. The reason for their high contribution is the increasing adoption of toxicology testing techniques by the pharmaceutical and biotechnology industries in these countries. The industries are growing in number due to the need for drug discovery due to the emergence of new diseases and the prevalence of chronic diseases. Further, the rise in the number of collaborations and acquisitions between companies that deal with toxicology testing products will boost the market growth during the forecast period.

The COVID-19 pandemic in 2020 negatively impacted the economy of North America. However, the pandemic boosted the growth of the regional market as the development of new vaccines for the disease progressed. Furthermore, the initiation of large-scale vaccination programs boosted the regional market growth in 2021. North America witnessed a huge surge in healthcare expenditure, which improved the market potential to develop new drugs for treating diseases such as cancer and cardiovascular diseases, particularly after upgraded reimbursement policies to help diagnose and treat these diseases. The increase in emphasis on the development of new and prominent drug assessment techniques to discover highly complex drugs will play a vital role in the evolution of these innovative toxicology testing methods in North America during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by technology, end-user, and region.

  • Technology Outlook ( USD Billion, 2017 - 2027)
    • Cell culture technology
    • High throughput technology
    • Molecular imaging
    • OMICS technology
  • End-user Outlook ( USD Billion, 2017 - 2027)
    • Pharmaceutical industry
    • Food industry
    • Others
  • Region Outlook ( USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
      • Singapore
    • Rest of World (ROW)
      • Brazil
      • Argentina
      • Rest of the Middle East & Africa

Toxicology Testing Market Scope

Report Coverage

Details

Page number

173

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.09%

Market growth 2023-2027

USD 27.5 billion

Market structure

Fragmented

YoY growth (%)

13.94

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 43%

Key countries

US, Canada, UK, Germany, and China

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Abbott Laboratories, Agilent Technologies Inc., Aragen Life Sciences Pvt. Ltd., Beckman Coulter Inc., BICO Group AB, Bio Rad Laboratories Inc., BioIVT LLC, Charles River Laboratories, CompuDrug Ltd., Evotec SE, Ingenza Ltd., Laboratory Corp. of America Holdings, Merck KGaA, PerkinElmer Inc., Quest Diagnostics Inc., Randox Laboratories Ltd., SGS SA, Thermo Fisher Scientific Inc., Catalent Inc., and Eurofins Scientific SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Toxicology Testing Market Report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the toxicology testing market size and its contribution of the market in focus to the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the industry across North America, Europe, Asia, and Rest of World (ROW).
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors.
  • Comprehensive analysis of factors that will challenge the growth of toxicology testing market vendors.

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global toxicology testing market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global toxicology testing market 2017 - 2021 ($ billion)
    • 4.2 Technology Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ billion)
    • 4.3 End users Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End users Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 30: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Technology - Market share 2022-2027 (%)
    • 6.2 Comparison by Technology
      • Exhibit 32: Chart on Comparison by Technology
      • Exhibit 33: Data Table on Comparison by Technology
    • 6.3 Cell culture technology - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Cell culture technology - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Cell culture technology - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Cell culture technology - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Cell culture technology - Year-over-year growth 2022-2027 (%)
    • 6.4 High throughput technology - Market size and forecast 2022-2027
      • Exhibit 38: Chart on High throughput technology - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on High throughput technology - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on High throughput technology - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on High throughput technology - Year-over-year growth 2022-2027 (%)
    • 6.5 Molecular imaging - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Molecular imaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Molecular imaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Molecular imaging - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Molecular imaging - Year-over-year growth 2022-2027 (%)
    • 6.6 OMICS technology - Market size and forecast 2022-2027
      • Exhibit 46: Chart on OMICS technology - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on OMICS technology - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on OMICS technology - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on OMICS technology - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Technology
      • Exhibit 50: Market opportunity by Technology ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 51: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 53: Chart on Comparison by End-user
      • Exhibit 54: Data Table on Comparison by End-user
    • 7.3 Pharmaceutical industry - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Pharmaceutical industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Pharmaceutical industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Pharmaceutical industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Pharmaceutical industry - Year-over-year growth 2022-2027 (%)
    • 7.4 Food industry - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Food industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Food industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Food industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Food industry - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 67: Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Asia - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 UK - Market size and forecast 2022-2027
      • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Abbott Laboratories
              • Exhibit 116: Abbott Laboratories - Overview
              • Exhibit 117: Abbott Laboratories - Business segments
              • Exhibit 118: Abbott Laboratories - Key news
              • Exhibit 119: Abbott Laboratories - Key offerings
              • Exhibit 120: Abbott Laboratories - Segment focus
            • 12.4 Agilent Technologies Inc.
              • Exhibit 121: Agilent Technologies Inc. - Overview
              • Exhibit 122: Agilent Technologies Inc. - Business segments
              • Exhibit 123: Agilent Technologies Inc. - Key news
              • Exhibit 124: Agilent Technologies Inc. - Key offerings
              • Exhibit 125: Agilent Technologies Inc. - Segment focus
            • 12.5 Beckman Coulter Inc.
              • Exhibit 126: Beckman Coulter Inc. - Overview
              • Exhibit 127: Beckman Coulter Inc. - Product / Service
              • Exhibit 128: Beckman Coulter Inc. - Key offerings
            • 12.6 Bio Rad Laboratories Inc.
              • Exhibit 129: Bio Rad Laboratories Inc. - Overview
              • Exhibit 130: Bio Rad Laboratories Inc. - Business segments
              • Exhibit 131: Bio Rad Laboratories Inc. - Key news
              • Exhibit 132: Bio Rad Laboratories Inc. - Key offerings
              • Exhibit 133: Bio Rad Laboratories Inc. - Segment focus
            • 12.7 BioIVT LLC
              • Exhibit 134: BioIVT LLC - Overview
              • Exhibit 135: BioIVT LLC - Product / Service
              • Exhibit 136: BioIVT LLC - Key news
              • Exhibit 137: BioIVT LLC - Key offerings
            • 12.8 Catalent Inc.
              • Exhibit 138: Catalent Inc. - Overview
              • Exhibit 139: Catalent Inc. - Business segments
              • Exhibit 140: Catalent Inc. - Key news
              • Exhibit 141: Catalent Inc. - Key offerings
              • Exhibit 142: Catalent Inc. - Segment focus
            • 12.9 Charles River Laboratories
              • Exhibit 143: Charles River Laboratories - Overview
              • Exhibit 144: Charles River Laboratories - Business segments
              • Exhibit 145: Charles River Laboratories - Key news
              • Exhibit 146: Charles River Laboratories - Key offerings
              • Exhibit 147: Charles River Laboratories - Segment focus
            • 12.10 CompuDrug Ltd.
              • Exhibit 148: CompuDrug Ltd. - Overview
              • Exhibit 149: CompuDrug Ltd. - Product / Service
              • Exhibit 150: CompuDrug Ltd. - Key offerings
            • 12.11 Eurofins Scientific SE
              • Exhibit 151: Eurofins Scientific SE - Overview
              • Exhibit 152: Eurofins Scientific SE - Business segments
              • Exhibit 153: Eurofins Scientific SE - Key news
              • Exhibit 154: Eurofins Scientific SE - Key offerings
              • Exhibit 155: Eurofins Scientific SE - Segment focus
            • 12.12 Evotec SE
              • Exhibit 156: Evotec SE - Overview
              • Exhibit 157: Evotec SE - Business segments
              • Exhibit 158: Evotec SE - Key news
              • Exhibit 159: Evotec SE - Key offerings
              • Exhibit 160: Evotec SE - Segment focus
            • 12.13 Laboratory Corp. of America Holdings
              • Exhibit 161: Laboratory Corp. of America Holdings - Overview
              • Exhibit 162: Laboratory Corp. of America Holdings - Business segments
              • Exhibit 163: Laboratory Corp. of America Holdings - Key news
              • Exhibit 164: Laboratory Corp. of America Holdings - Key offerings
              • Exhibit 165: Laboratory Corp. of America Holdings - Segment focus
            • 12.14 Merck KGaA
              • Exhibit 166: Merck KGaA - Overview
              • Exhibit 167: Merck KGaA - Business segments
              • Exhibit 168: Merck KGaA - Key news
              • Exhibit 169: Merck KGaA - Key offerings
              • Exhibit 170: Merck KGaA - Segment focus
            • 12.15 PerkinElmer Inc.
              • Exhibit 171: PerkinElmer Inc. - Overview
              • Exhibit 172: PerkinElmer Inc. - Business segments
              • Exhibit 173: PerkinElmer Inc. - Key news
              • Exhibit 174: PerkinElmer Inc. - Key offerings
              • Exhibit 175: PerkinElmer Inc. - Segment focus
            • 12.16 Quest Diagnostics Inc.
              • Exhibit 176: Quest Diagnostics Inc. - Overview
              • Exhibit 177: Quest Diagnostics Inc. - Business segments
              • Exhibit 178: Quest Diagnostics Inc. - Key offerings
              • Exhibit 179: Quest Diagnostics Inc. - Segment focus
            • 12.17 Thermo Fisher Scientific Inc.
              • Exhibit 180: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 181: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 182: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 183: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 184: Thermo Fisher Scientific Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations
              • growth due to the increasing number of tests for infectious and chronic diseases: The incidence of infectious and chronic diseases has increased over the past decade. The outbreak of the COVID-19 pandemic in 2020 has increased the demand for laboratory testing for COVID-19 across the world. An increase in demand for laboratory testing for infectious diseases, such as COVID-19 and chronic diseases, will be a driver for the life sciences tools and services industry in the future. The growth of the tools and services industry will continue to be strong in emerging markets such as China and India. Developed economies such as Japan and the EU will exhibit moderate growth rates.
                • product development to decrease prices: As the pricing pressure increases, life sciences tools manufacturers will have to rethink product development processes. A value first product design philosophy can help control costs and deliver what customers value the most.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
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                  Toxicology Testing market growth will increase by $27.5 billion during 2023-2027.
                  The toxicology testing market is expected to grow at a CAGR of 15.09% during 2023-2027.
                  Technavio has segmented the toxicology testing market by technology (Cell culture technology, High throughput technology, Molecular imaging, and OMICS technology) ,end-user (Pharmaceutical industry, Food industry, and Others) , and geography (North America, Europe, Asia, and Rest of World (ROW)).
                  Abbott Laboratories, Agilent Technologies Inc., Aragen Life Sciences Pvt. Ltd., Beckman Coulter Inc., BICO Group AB, Bio Rad Laboratories Inc., BioIVT LLC, Charles River Laboratories, CompuDrug Ltd., Evotec SE, Ingenza Ltd., Laboratory Corp. of America Holdings, Merck KGaA, PerkinElmer Inc., Quest Diagnostics Inc., Randox Laboratories Ltd., SGS SA, Thermo Fisher Scientific Inc., Catalent Inc., Eurofins Scientific SE are a few of the key vendors in the toxicology testing market.
                  North America will register the highest growth rate of 42.84% among the other regions. Therefore, the toxicology testing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the toxicology testing market growth are:
                  • Rise in toxicology testing in food industry
                  • Advances in toxicology
                  The toxicology testing market vendors should focus on grabbing business opportunities from the cell culture technology segment as it accounted for the largest market share in the base year.
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