The size of the In-Vitro Toxicology Testing Market in the Asia Pacific is expected to worth USD 8220.75 Million by 2027 from USD 3877.10 Million in 2022, growing at a CAGR of 16.22% during the forecast period.
In vitro tests provide information on toxicity cost-effectively and rapidly. Rapid advances in biomedical science should lead to newer and more advanced in vitro testing strategies for characterizing hazards.
Factors contributing to the growth of the In-vitro toxicology testing market in this region include encouraging advanced technologies, resistance to animal testing, inadequate databases to facilitate the use of In-vitro testing methods, and more R&D to determine early stage toxicity. The emergence of CROs for outsourcing research projects related to toxicology, opposition to animal testing leading to the use of alternative methods, the increase in the portfolio of pharmaceutical drugs, and the taking of growing consumers consciousness product safety are also supporting the market growth in APAC.
Additionally, ethical concerns and demand from animal activist groups concerning the use of animals for testing, banning of testing on animals on cosmetics, the support of regulatory bodies for approval In-vitro testing, the low costs associated with in vitro toxicology testing, and advances in vitro methodologies are also favoring the In-vitro toxicology testing market in the Asia Pacific.
Besides, the synergistic relationships between various industry players and the growth of toxicological databases to facilitate in vitro testing methods are expected to provide significant growth opportunities for players operating in this market. Driven by the strong demand for biopharmaceuticals, in vitro toxicology tests are the highest in the pharmaceutical industry. The heavy use of toxicology testing in the pharmacokinetic analysis of new and modified generic pharmaceuticals drives revenue growth from these toxicity testing assays. Besides, the presence of several pending drug candidates should stimulate demand for in vitro toxicology tests.
However, in vitro models' insufficiency to determine immune stimulation and autoimmunity and the predictive ability of in vitro tests compared to in vivo tests may hinder the growth of the market.
This market research report on the Asia Pacific in-vitro toxicology testing market has been segmented and sub-segmented into the following categories:
Regional Analysis:
The Asia-Pacific region is expected to experience the fastest growth rate during the forecast period due to government agencies' increased initiatives to encourage acceptance of non-animal test models. Several governments are taking steps to minimize animal-based testing models, develop supportive government policies, and provide funds to support in vitro models. These factors are expected to create plenty of growth opportunities for the market. Additionally, conducting clinical trials in Asian countries such as China, Japan, and India is relatively cost-effective compared to Western countries. Several biopharmaceutical companies perform their drug development procedures in this region.
Key market competitors dominating the Asia Pacific in-vitro toxicology testing market profiled in this report are Covance, Inc. (A subsidiary of LabCorp), Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Eurofins Scientific SE, General Electric Company, BioReliance, Inc., Charles River Laboratories International, Inc., Thermo Fisher Scientific, Inc., Catalent and Cyprotex.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Assays
5.1.3 Reagents & Labware
5.1.4 Services Growth Hormone Therapy
5.2 Type
5.2.1 Introduction
5.2.2 ADME (Absorption, Distribution, Metabolism, and Excretion)
5.2.3 Dose
5.2.4 Toxic Substance
5.3 Toxicity Endpoints & Tests
5.3.1 Introduction
5.3.2 Systemic Toxicity
5.3.3 Dermal Toxicity
5.3.4 Carcinogenicity
5.3.5 Ocular Toxicity
5.3.6 Skin Sensitization & Irritation
5.3.7 Genotoxicity
5.3.8 Neurotoxicity
5.3.9 Organ Toxicity
5.3.10 Other Toxicity Endpoints & Tests
5.4 Technology
5.4.1 Introduction
5.4.2 OMICS Technologies
5.4.3 Cell Culture Technology
5.4.4 High-Throughput Technologies
5.4.5 Molecular Imaging Technologies
5.5 Method
5.5.1 Introduction
5.5.2 In-Silico Methods
5.5.3 Biochemical Assays
5.5.4 Cellular Assays
5.5.5 Ex-Vivo Models
5.6 Industry
5.6.1 Introduction
5.6.2 Cosmetics and Household Products
5.6.3 Diagnostics
5.6.4 Pharmaceuticals
5.6.5 Food Industry
5.6.6 Chemicals
6. Geographical Analysis
6.3 Asia-Pacific
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Covance, Inc. (A subsidiary of LabCorp) (U.S.)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Agilent Technologies, Inc. (U.S.)
8.3 Bio-Rad Laboratories, Inc. (U.S.)
8.4 Eurofins Scientific SE (Luxembourg)
8.5 General Electric Company (U.S.)
8.6 BioReliance, Inc. (U.S.)
8.7 Charles River Laboratories International, Inc. (U.S.)
8.8 Thermo Fisher Scientific, Inc. (U.S.)
8.9 Catalent (U.S.)
8.10 Cyprotex (U.K.)
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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