In-Vitro Toxicology Testing Market worth $17,227 Million by 2018

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MarketsandMarkets Presents
In-Vitro Toxicology Testing Market worth
17,227 Million by 2018
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-vitro-toxicology-testing-market-209577065.html
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The In-Vitro Toxicology/ Toxicity Testing Market
by Industry (Diagnostic, Pharmaceutical,
Cosmetics, Chemical), Technology (Cell Culture,
HTS, Omics), Applications (Systemic, Dermal,
Ocular),Method (Cellular Assay, Ex vivo, In
Silico) - Global Forecast to 2018 provides a
detailed overview of the major drivers,
restraints, challenges, opportunities, current
market trends, and strategies impacting the
global In-vitro toxicology testing market along
with the estimates and forecasts of the revenue
and share analysis. Browse 67 market data
tables, 25 figures spread through 246 pages and
in-depth TOC on In-Vitro Toxicity Testing Market
by Technology (Cell Culture, HTS, Omics), Method
(Cellular Assay, Ex vivo, In Silico), Industry
(Diagnostic, Pharmaceutical, Cosmetics,
Chemical), Applications (Systemic, Dermal,
Ocular)- Global Forecast to 2018 http//www.mark
etsandmarkets.com/Market-Reports/in-vitro-toxicolo
gy-testing-market-209577065.html
 
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• The global market will reach 17,227 million by
  2018 growing at a double-digit CAGR during the
  forecast period (20132018).

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• The global market is segmented by industry,
  technology, method, application and geography.
  Based on industry, the market is further
  segmented into diagnostics, pharmaceuticals,
  chemicals, cosmetics, and food. Pharmaceutical
  industry secured the largest market share whereas
  cosmetics industry was the fastest growing
  industry than the rest. The inclination towards
  detection of toxicity during earlier stages of
  development is propelling the growth of
  pharmaceutical industry. Also, the support of
  regulatory authorities to use in vitro and in
  silico methods in place of animal testing for
  gathering toxicological information is driving
  the cosmetic industry.

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• Based on technology, the market is segmented into
  cell culture, high throughput screening, cellular
  imaging, and omics technologies. Cell culture
  technology that occupies the largest market share
  will also register maximum growth rate. The
  evolution and advancement is leading to
  introduction of new technologies that can better
  predict toxicity levels and translate in vitro
  results into significant in vivo effects.

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• The methods considered for the study are cellular
  assays, biochemical assays, ex vivo and in
  silico. Cellular assays held the largest market
  share in 2013 and the market is bound to grow at
  a double digit CAGR during the forecast period
  (20132018). These assays provide the capability
  to detect and measure cell viability,
  functionality, and growth. Cellular assays are
  used as bio markers which have capacity to
  predict the biological properties of potential
  drug compounds.

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• Under the applications, systemic toxicity testing
  was the largest segment in 2013 and will grow at
  the highest CAGR between 2013 and 2018. Both
  cardiotoxicity and liver toxicity under systemic
  toxicity are the key reasons for drug attrition.
  The increasing focus on detection of toxicity in
  earlier stages of development is leading to
  persistent requirements for human cell-based in
  vitro models.

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• Geographic analysis reveals that Europe commanded
  the largest share of the global in vitro toxicity
  testing market in 2013. This was credited to the
  support provided by the European government for
  anti-animal testing laws. The directives set by
  the government has further put ban on the
  production and sale of all animal tested
  cosmetics across the continent.

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• Globally, the market will be driven by increasing
  acceptance of in vitro toxicity testing methods
  by regulatory authorities as alternatives to in
  vivo testing. This has been primarily driven by
  demand for toxicological information on chemicals
  that are both existing and newly introduced into
  the market. The new advances in the in vitro
  toxicology testing have presented a wide range of
  new technologies that help in investigating the
  adverse effects of environmental agents in a more
  mechanistic, less expensive, and time saving
  manner. 

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• Organizations such as REACH foresee that more
  results of in vitro and in silico methods will be
  included in risk assessment which will promote
  the use of in-vitro methods for toxicology
  testing. The emerging countries in Asia, such as
  China and India, will witness high growth on
  account of low cost offered by these countries as
  well as the economic stability observed within
  these countries.

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• The market is a highly fragmented one. The
  dominant players in this market are Agilent
  Technologies (U.S.), Alere, Inc. (U.S.), Bio-Rad
  (U.S.), BioReliance (Sigma Aldrich) (U.S.),
  Catalent Pharma Solutions (U.S.), Charles River
  Laboratories (U.S.), Covance (U.S.), Cyprotex
  (U.K.), Eurofins Scientific, Inc. (U.S.), GE
  Healthcare (U.K.), Life Technologies Corporation
  (Thermo Fisher Scientific) (U.S.), and Quest
  Diagnostics (U.S.).

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