The Competitive Zeal To Decide The Dimensions Of Growth Of The In Vitro Toxicology Testing Market - PowerPoint PPT Presentation

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The Competitive Zeal To Decide The Dimensions Of Growth Of The In Vitro Toxicology Testing Market

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The global in vitro toxicology testing market is slated to touch a value of about US$ 7,750 Mn in the year 2022 and grow at a robust CAGR during the assessment period. – PowerPoint PPT presentation

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Title: The Competitive Zeal To Decide The Dimensions Of Growth Of The In Vitro Toxicology Testing Market


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In Vitro Toxicology Testing Market
Report Id PMRREP18658 Category Life Science
Healthcare
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The Competitive Zeal To Decide The Dimensions Of
Growth Of The In Vitro Toxicology Testing Market
  • In vitro toxicology testing is carried out to
    identify the potential toxicity of new compounds
    when they are at an early stages of development
    during the discovery and development of new
    drugs. This type of testing is carried out to
    identity the presence or absence of certain
    toxins in drugs, agricultural chemicals and food
    additives. There is a sharp increase in RD
    procedures which require in vitro toxicology
    testing and this is boosting the growth of this
    market along with latest technological
    developments. Moreover, the ban on animal testing
    has led to the increasing adoption of in vitro
    toxicology testing and the governments all across
    the world are providing increased funding for
    such type of testing.
  • The global in vitro toxicology testing market is
    slated to touch a value of about US 7,750 Mn in
    the year 2022 and grow at a robust CAGR during
    the assessment period.

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Forecast Highlights on Global In Vitro Toxicology
Testing Market
As per the forecast of Persistence Market
Research, the services segment is slated to touch
a value of nearly US 2,400 Mn in the year 2022.
This represents a robust CAGR growth during the
assessment period of 2017-2022. The services
segment is estimated to account for nearly
one-third of the revenue share of the product
services type segment by the year 2017 and is
forecasted to gain market share by 2022 over
2017. As per the forecast of Persistence Market
Research, the biochemical assays segment will
reach a value of about US 1,800 Mn in the year
2017. This represents a robust CAGR growth during
the forecast period. The biochemical assays
segment is forecasted to account for nearly
one-third of the total revenue share of the
method segment by the end of the year 2017 and is
expected to lose in market share by 2022 as
compared with the year 2017. As per the forecast
of Persistence Market Research, the
pharmaceutical and biopharmaceutical industry
segment is slated to reach a value of nearly US
3,500 Mn in 2022. The pharmaceutical and
biopharmaceutical segment is expected to gain
market share by the end of the year 2022. The
largest share is contributed by the North America
region in the pharmaceutical and
biopharmaceutical segment. Persistence Market
Research forecasts the cell culture technologies
segment to exhibit a compound annual growth rate
(CAGR) of 5 from 2017 to 2022.
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