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NEW YORK, Dec. 6, 2022 /PRNewswire/ — The toxicology testing market size is estimated to increase by USD 27.5 billion from 2022 to 2027, with an accelerated CAGR of 15.09%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region.
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Chart and data table on 5-year historic (2017-2021) market size, comparative analysis of segments, and Y-o-Y growth of toxicology testing market
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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. The bargaining power of buyers & suppliers and the threat of new entrants, rivalry, and substitutes have also been analyzed and rated between LOW-MODERATE to provide a holistic view of market favorability.
Find Technavio’s exclusive analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria
The toxicology testing market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed below –
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Rise in toxicology testing in the food industry is notably driving the toxicology testing market growth
The food industry has made improvements in safety testing methods. The effects of toxicants in food can lead to oxidative stress and chronic inflammation. Therefore, toxicants may result in cell death, chronic inflammation, aging, degenerative diseases, 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 use of cost- and time-efficient in-vitro high-throughput toxicology testing methods enable toxicologists and scientists to estimate the risk potential of chemicals, which will benefit the growth of the market during the forecast period.
Chart and data table on historical market size (2017-2021), historic industry size, and analysis of 15 vendors and 7 countries
The market is segmented by region (North America, Europe, Asia, and the Rest of World). An analysis of key leading countries has been included.
For Insights on the market dynamics and segmentations, VIEW A PDF SAMPLE!
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What are the key data covered in this toxicology testing market report?
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 2022-2023 (%)
13.94
Regional analysis
North America, Europe, Asia, and Rest of World (ROW)
Performing contribution
North America at 43%
Key countries
US, Canada, UK, Germany, and China
Competitive landscape
Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
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 for the forecast period
Customization preview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse for Technavio’s Health Care Market Reports
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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