Toxicology Testing Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Canada, UK, Germany, China - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 178 SKU: IRTNTR74722

Toxicology Testing Market Forecast 2024-2028

The global toxicology testing market size is estimated to grow by USD 32.58 billion at a CAGR of 15.61% between 2023 and 2028. 

The surge in pharmaceutical and biotechnology firms is driven by the escalating incidence of diseases like cancer, necessitating novel drug development. Metabolites produced during Phase I reactions in drug metabolism demand rigorous safety evaluation due to their chemical reactivity. A successful drug is characterized by a balance of potency, efficacy, safety, and favorable pharmacokinetics, ensuring optimal concentration at the target site without toxicity. To avert late-stage failures, toxicology testing, and ADMET studies are now conducted early in the discovery process. Biotechnology products derived from rDNA technology undergo stringent safety assessments, contributing to the rigorous scrutiny of bio-based products. The proliferation of pharmaceutical and biotech companies drives the demand for toxicology testing, fostering the growth of the market.

What will be the Size of the Market During the Forecast Period?

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The market witnesses a surge in demand driven by evolving regulatory adjustments, buying behavior and policy shifts. Key stakeholders, including academic institutes and research organizations, rely on advanced technologies like high-throughput screening and proteomics for comprehensive data analysis. With rising concerns over public sentiment and animal rights, in vitro and ex vivo models play a pivotal role. Collaborative networks between instrument suppliers, data management providers, and testing facilities enhance testing patterns. The healthcare landscape benefits from digital platforms and innovative testing methodologies, ensuring workplace safety and facilitating forensic investigations, sports, and addiction treatment.

Market Segmentation

The market encompasses a wide array of approaches, from traditional animal studies to cutting-edge in vitro testing methods. Within this market, 3D cell culture techniques offer enhanced physiological relevance, while nonanimal technologies like the Direct Peptide Reactivity Assay and ARE-Nrf2 Luciferase Assay provide ethical alternatives. Outsourcing toxicology assessment services is increasingly popular, allowing companies to access specialized expertise. In the treatment segment, antidotes such as activated charcoal are crucial for addressing acute poisonings, while medications target specific toxic effects on vital bodily functions. Diagnosis focuses on identifying exposure through biomonitoring, critical for addressing risks from toxic substances in food items and environmental pollution.

By End-user  

The market share growth by the pharmaceutical industry segment will be significant during the forecast period. This is fundamental for the growth of a pharmaceutical company as a drug or biologic can only be launched and sold commercially once it goes through a successful process. It involves the study of the safety and biological effects of drugs and chemical agents on a living organism. 

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The pharmaceutical industry segment was the largest and was valued at USD 5.92 billion in 2018. The pharmaceutical industry continuously develops new drug candidates to address unmet medical needs and expand therapeutic options. The rise in chronic diseases and conditions, such as cancer, has increased the demand for new drugs and personalized medicines. Overall, the demand in the pharmaceutical industry is driven by regulatory requirements, risk mitigation objectives, quality assurance needs, and the imperative to develop safe and effective drugs that address unmet medical needs while maintaining compliance with regulatory standards and ensuring patient safety, which is leading to the demand for this process in the pharmaceutical industry which in turn will boost the growth of the market during the forecast period.

By Technology  

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). Endpoints used to quantify toxicity include vital staining, cytosolic enzyme release, cell proliferation, and cloning effectiveness. Further, when a chemicals 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. Additionally, these tests have helped shed light on the pathogenesis of a few human diseases. Cell culture technology holds a major share in the market in 2023, which is expected to boost the growth of the market during the forecast period.

In the context of toxicology testing, high throughput technology allows for the screening and analysis of numerous samples efficiently, which is particularly valuable in applications where large-scale testing is required such as drug discovery, environmental monitoring, and clinical diagnostics. Continuous advancements in automation and robotics have enhanced the capabilities of high throughput technology, enabled the automation of complex laboratory workflows, and reduced manual labor and human error. This has resulted in increased throughput, improved reproducibility, and higher efficiency in sample processing and analysis. The pharmaceutical industry is increasingly relying on (HTS) and other high throughput technologies to accelerate drug discovery and development processes. Thus, the need for rapid, accurate, and cost-effective analysis across various industries and disciplines will lead to the growth of the segment as well as the market during the forecast period.

Regional Analysis

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North America is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and drivers will shape the market during the forecast period. The market in North America is led by the US and Canada. The reason for their high contribution is the increasing adoption of these 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. In addition to easy access and an adequate amount of government funding and investments, government programs such as the National Toxicology Program (NTP) and Environmental Protection Agency (EPA) Office of Pesticide Programs have increased the adoption rate of toxicology testing products.

For instance, the EPA Office of Pesticide Programs regulates the use of pesticides under the authority of the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA). Through FIFRA, the EPA mandates toxicity tests of conventional chemical pesticides. Further, the rise in the number of collaborations and acquisitions between companies that deal with products will boost the market growth during the forecast period.

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Key Market Players 

Companies 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. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

 Abbott Laboratories - The company offers toxicology testing solutions such as iCup Drug Screen, which is an all-inclusive, on site urine drug screening device. The device simplifies the collection process and tests for up to 17 drugs.

Agilent Technologies Inc., Danaher Corp., BioIVT LLC, Bio Rad Laboratories Inc., Catalent Inc., CompuDrug Ltd., Charles River Laboratories International Inc., Eurofins Scientific SE, Evotec SE, LABORATORY CORPORATION OF AMERICA HOLDINGS, Merck KGaA, PerkinElmer Inc, Quest Diagnostics Incorporated, Thermo Fisher Scientific Inc., SGS SA, Aragen Life Sciences Pvt. Ltd., BICO Group AB, Ingenza Ltd, and Randox Laboratories Ltd.

Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Dynamics and Customer Landscape

The market is driven by a shift towards ethical and efficient nonanimal technologies such as in vitro testing methods and advanced assays like the ARE-Nrf2 Luciferase assay. Emerging trends include the adoption of 3D cell culture for more accurate assessments and the outsourcing of toxicology assessment services for specialized expertise. Challenges persist in ensuring the reliability and regulatory acceptance of alternative methods, as well as addressing the complexities of assessing the effects of new compounds on vital bodily functions in the context of environmental pollution and food safety. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Drivers

Increasing use of in-vitro tests as an alternative to animal testing is notably driving market growth. The traditional approach to toxicology testing relies on animal experimentation, but increasing concerns over animal welfare and the high costs associated with such methods have spurred a shift towards alternatives. Global animal welfare organizations like PETA advocate for ethical treatment and seek to minimize animal use in research. This has led to the promotion of the 3Rs principle such as replacement, refinement, and reduction of animal testing.

In-vitro tests offer a viable solution, mimicking human reactions to chemical compounds without the need for animal subjects. They provide high-throughput capabilities, enabling rapid testing of numerous compounds. For example, biochip technology allows the testing of ten thousand compounds within days. In-vitro testing is not only economically feasible but also ethically sound, driving growth in the market as it aligns with societal values and regulatory pressures. Such factors will propel the growth of the market during the forecast period.

Significant Market Trends

Increased use of toxicology testing in forensics is an emerging trend shaping market growth. Forensic toxicology deals with the investigation of toxic substances, environmental chemicals, and poisonous or hazardous products. Currently, the field of forensics has evolved to mean the study of legal and illegal drugs, including alcohol. It involves the study and identification of the chemical makeup of each substance from various sources, such as hair or urine. It studies the way the substances are absorbed, metabolized, distributed, or eliminated in the body. When studying drugs and how they react in the body, forensic toxicology helps to find out where the drug has affected the body and how this occurs. It is also being used to assess people who drive with a blood alcohol concentration over the accepted legal limit.

Further, another application of forensic toxicology relates to sexual assault, which involves the use of drugs. These days drugs are being used to unconscious the victim, who is then sexually assaulted. Through toxicology testing, it is found out what drug was given to the victim, who can then be treated accordingly. Thus, with an increase in crime scenes and awareness about technologies related to forensic toxicology, there will be an increase in demand for products for solving issues related to forensics, which will fuel the growth of the market during the forecast period.

Major Market Challenges

The lack of skilled professionals is a significant challenge hindering market growth. A major challenge in these scientific fields is the lack of technically skilled and trained staff, i.e., toxicologists. A shortage of skilled professionals means that toxicology laboratories may have limited capacity to conduct testing. This can result in longer wait times for testing services, which may discourage organizations from seeking out these services. The 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 and 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. A lack of skilled professionals could lead to errors or inconsistencies in testing procedures, raising concerns about the quality of the results provided by testing laboratories. The limited number of such trained professionals will act as a challenge to the growth of the market during the forecast period.

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Market Customer Landscape

The market forecasting 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 market growth and forecasting strategies.

 Customer Landscape

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  •  End-user Outlook
    • Pharmaceutical industry
    • Food industry
    • Chemicals and others
  • Technology Outlook
    • Cell culture technology
    • High throughput technology
    • Molecular imaging
    • OMICS technology
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
    • Rest of World (ROW)
      • Brazil
      • Argentina 
      • Australia 

Market Analyst Overview 

The market in the pharmaceutical/biotechnology sector is driven by advancements in preclinical evaluation and pharmacokinetic profiles, focusing on ADME properties. Technologies like combinatorial chemistry and high throughput screening enhance drug discovery. The market sees consolidation in ADME services with key providers. Regulatory guidelines and ethical concerns shape in vitro ADME testing. Stakeholders include pharmaceutical & biotechnology companies, research institutes, and regulatory authorities. Predictive toxicology and computational approaches aid in drug design. The market also caters to consumer care and the chemical industry, emphasizing safety measures and quality check products for comprehensive drug testing.

Moreover, the market in the pharmaceutical/biotechnology sector is witnessing significant growth, driven by technological advancements in ADME services. Key providers offer in vitro ADME toxicology testing, aligning with regulatory guidelines. The market includes stakeholders like consumer care companies, research institutes, and technology providers. With a focus on precision toxicology and safety pharmacology, this market addresses healthcare priorities and substance use issues. Advancements in high-throughput screening and toxicogenomics enhance toxicology drug testing, crucial for pharmaceutical research and manufacturers. Regulatory-approved therapies and advanced models like PhysioMimix drive the market's expansion, addressing prevalent drug abuse and clinical drug monitoring needs.

Further, the market in the pharmaceutical/biotechnology sector is witnessing consolidation with key service providers focusing on ADME. Market reports highlight the competitive landscape and regulatory guidelines for in vitro ADME testing. Stakeholders, including academic institutes and instrument suppliers, are key players in advancing high-throughput screening and omics disciplines. The market is driven by  rise  in  demand for safer pharmaceuticals and mental health testing, with a shift towards remote testing and telemedicine. Policy adjustments and technological advancements are shaping the landscape, emphasizing the need for safe workplace and clinical drug monitoring.

Market Scope

Report Coverage

Details

Page number

178

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.61%

Market Growth 2024-2028

USD 32.58 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

15.18

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 Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Abbott Laboratories, Agilent Technologies Inc., Danaher Corp., BioIVT LLC, Bio Rad Laboratories Inc., Catalent Inc., CompuDrug Ltd., Charles River Laboratories International Inc., Eurofins Scientific SE, Evotec SE, LABORATORY CORPORATION OF AMERICA HOLDINGS, Merck KGaA, PerkinElmer Inc, Quest Diagnostics Incorporated, Thermo Fisher Scientific Inc., SGS SA, Aragen Life Sciences Pvt. Ltd., BICO Group AB, Ingenza Ltd, and Randox Laboratories Ltd.

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

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the between 2024 and 2028
  • Precise estimation of the size and its contribution of the market in focus to the parent market
  • Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
  • Companies landscape comparing criticality of inputs and factors of differentiation
  • Exclusive Matrix on companies position and classification
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of companies

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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 End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • 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 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global toxicology testing market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global toxicology testing market 2018 - 2022 ($ billion)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.3 Technology Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Technology Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Pharmaceutical industry - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Pharmaceutical industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Pharmaceutical industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Pharmaceutical industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Pharmaceutical industry - Year-over-year growth 2023-2028 (%)
    • 6.4 Food industry - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Food industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Food industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Food industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Food industry - Year-over-year growth 2023-2028 (%)
    • 6.5 Chemicals and others - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Chemicals and others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Chemicals and others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Chemicals and others - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Chemicals and others - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ billion)
      • Exhibit 47: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Technology

    • 7.1 Market segments
      • Exhibit 48: Chart on Technology - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Technology - Market share 2023-2028 (%)
    • 7.2 Comparison by Technology
      • Exhibit 50: Chart on Comparison by Technology
      • Exhibit 51: Data Table on Comparison by Technology
    • 7.3 Cell culture technology - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Cell culture technology - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Cell culture technology - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Cell culture technology - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Cell culture technology - Year-over-year growth 2023-2028 (%)
    • 7.4 High throughput technology - Market size and forecast 2023-2028
      • Exhibit 56: Chart on High throughput technology - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on High throughput technology - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on High throughput technology - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on High throughput technology - Year-over-year growth 2023-2028 (%)
    • 7.5 Molecular imaging - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Molecular imaging - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Molecular imaging - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Molecular imaging - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Molecular imaging - Year-over-year growth 2023-2028 (%)
    • 7.6 OMICS technology - Market size and forecast 2023-2028
      • Exhibit 64: Chart on OMICS technology - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on OMICS technology - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on OMICS technology - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on OMICS technology - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Technology
      • Exhibit 68: Market opportunity by Technology ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Technology ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 Asia - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Asia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Asia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Asia - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Asia - Year-over-year growth 2023-2028 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
    • 9.7 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.8 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.9 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.10 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on 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 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Abbott Laboratories
              • Exhibit 119: Abbott Laboratories - Overview
              • Exhibit 120: Abbott Laboratories - Business segments
              • Exhibit 121: Abbott Laboratories - Key offerings
              • Exhibit 122: Abbott Laboratories - Segment focus
            • 12.4 Agilent Technologies Inc.
              • Exhibit 123: Agilent Technologies Inc. - Overview
              • Exhibit 124: Agilent Technologies Inc. - Business segments
              • Exhibit 125: Agilent Technologies Inc. - Key news
              • Exhibit 126: Agilent Technologies Inc. - Key offerings
              • Exhibit 127: Agilent Technologies Inc. - Segment focus
            • 12.5 Bio Rad Laboratories Inc.
              • Exhibit 128: Bio Rad Laboratories Inc. - Overview
              • Exhibit 129: Bio Rad Laboratories Inc. - Business segments
              • Exhibit 130: Bio Rad Laboratories Inc. - Key news
              • Exhibit 131: Bio Rad Laboratories Inc. - Key offerings
              • Exhibit 132: Bio Rad Laboratories Inc. - Segment focus
            • 12.6 BioIVT LLC
              • Exhibit 133: BioIVT LLC - Overview
              • Exhibit 134: BioIVT LLC - Product / Service
              • Exhibit 135: BioIVT LLC - Key news
              • Exhibit 136: BioIVT LLC - Key offerings
            • 12.7 Catalent Inc.
              • Exhibit 137: Catalent Inc. - Overview
              • Exhibit 138: Catalent Inc. - Business segments
              • Exhibit 139: Catalent Inc. - Key news
              • Exhibit 140: Catalent Inc. - Key offerings
              • Exhibit 141: Catalent Inc. - Segment focus
            • 12.8 Charles River Laboratories International Inc.
              • Exhibit 142: Charles River Laboratories International Inc. - Overview
              • Exhibit 143: Charles River Laboratories International Inc. - Business segments
              • Exhibit 144: Charles River Laboratories International Inc. - Key news
              • Exhibit 145: Charles River Laboratories International Inc. - Key offerings
              • Exhibit 146: Charles River Laboratories International Inc. - Segment focus
            • 12.9 CompuDrug Ltd.
              • Exhibit 147: CompuDrug Ltd. - Overview
              • Exhibit 148: CompuDrug Ltd. - Product / Service
              • Exhibit 149: CompuDrug Ltd. - Key offerings
            • 12.10 Danaher Corp.
              • Exhibit 150: Danaher Corp. - Overview
              • Exhibit 151: Danaher Corp. - Business segments
              • Exhibit 152: Danaher Corp. - Key news
              • Exhibit 153: Danaher Corp. - Key offerings
              • Exhibit 154: Danaher Corp. - Segment focus
            • 12.11 Eurofins Scientific SE
              • Exhibit 155: Eurofins Scientific SE - Overview
              • Exhibit 156: Eurofins Scientific SE - Business segments
              • Exhibit 157: Eurofins Scientific SE - Key news
              • Exhibit 158: Eurofins Scientific SE - Key offerings
              • Exhibit 159: Eurofins Scientific SE - Segment focus
            • 12.12 Evotec SE
              • Exhibit 160: Evotec SE - Overview
              • Exhibit 161: Evotec SE - Business segments
              • Exhibit 162: Evotec SE - Key news
              • Exhibit 163: Evotec SE - Key offerings
              • Exhibit 164: Evotec SE - Segment focus
            • 12.13 LABORATORY CORPORATION OF AMERICA HOLDINGS
              • Exhibit 165: LABORATORY CORPORATION OF AMERICA HOLDINGS - Overview
              • Exhibit 166: LABORATORY CORPORATION OF AMERICA HOLDINGS - Business segments
              • Exhibit 167: LABORATORY CORPORATION OF AMERICA HOLDINGS - Key news
              • Exhibit 168: LABORATORY CORPORATION OF AMERICA HOLDINGS - Key offerings
              • Exhibit 169: LABORATORY CORPORATION OF AMERICA HOLDINGS - Segment focus
            • 12.14 Merck KGaA
              • Exhibit 170: Merck KGaA - Overview
              • Exhibit 171: Merck KGaA - Business segments
              • Exhibit 172: Merck KGaA - Key news
              • Exhibit 173: Merck KGaA - Key offerings
              • Exhibit 174: Merck KGaA - Segment focus
            • 12.15 PerkinElmer Inc
              • Exhibit 175: PerkinElmer Inc - Overview
              • Exhibit 176: PerkinElmer Inc - Business segments
              • Exhibit 177: PerkinElmer Inc - Key news
              • Exhibit 178: PerkinElmer Inc - Key offerings
              • Exhibit 179: PerkinElmer Inc - Segment focus
            • 12.16 Quest Diagnostics Incorporated
              • Exhibit 180: Quest Diagnostics Incorporated - Overview
              • Exhibit 181: Quest Diagnostics Incorporated - Business segments
              • Exhibit 182: Quest Diagnostics Incorporated - Key offerings
              • Exhibit 183: Quest Diagnostics Incorporated - Segment focus
            • 12.17 Thermo Fisher Scientific Inc.
              • Exhibit 184: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 185: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 186: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 187: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 188: Thermo Fisher Scientific Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 189: Inclusions checklist
                • Exhibit 190: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 191: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 192: Research methodology
                • Exhibit 193: Validation techniques employed for market sizing
                • Exhibit 194: Information sources
              • 13.5 List of abbreviations
                • Exhibit 195: List of abbreviations

              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.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              toxicology testing market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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