Surge in R&D activities in healthcare, increase in stringency of regulatory authorities in regards to public healthcare welfare, and rise in adoption of in vitro model fuel the growth of the Europe early toxicity testing market.
According to the report published by Allied Market Research, the Europe early toxicity testing market was estimated at $264.84 million in 2017 and is anticipated to hit $460.11 million by 2025, growing at a CAGR of 7.1% from 2018 to 2025. The report provides a detailed analysis of the top winning strategies, top investment pockets, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
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Rise in R&D activities in healthcare, upsurge in stringency of regulatory authorities in regards to public healthcare welfare, and increase in adoption of in vitro model propel the growth of the Europe early toxicity testing market. On the other hand, certain limitations of preclinical testing restrain the growth to some extent. Nevertheless, high-end technological advancements in the field of early toxicity testing are expected to pave the way for a number of opportunities for the key players in the industry.
The in vitro segment to dominate by 2025-
Based on technique, the in vitro segment held the largest share in 2017, contributing to nearly half of the total market. However, the in-silico segment is projected to grow at the fastest CAGR of 9.3% during the study period.
The drug discovery segment to maintain its lion’s share-
Based on application, the drug discovery segment accounted for nearly three-fourths of the total market in 2017 and is anticipated to lead the trail throughout 2018–2025. However, the chemical testing segment is projected to garner the fastest CAGR of 7.7% during the estimated period.
The pharmaceuticals industry segment to retain its top status in terms of revenue-
Based on end user, the pharmaceuticals industry segment contributed to the major share in 2017, holding nearly three-fourths of the total market. The cosmetics industry segment, on the other hand, would showcase the fastest CAGR of 9.7% throughout the forecast period.
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Key market players-
Major market players analyzed in the industry include Agilent Technologies, Inc., Enzo Biochem, Inc. (Enzo Clinical Labs, Inc.), Evotec AG (Cyprotex), Bruker Corporation, Bioanalytical Systems, Inc., PerkinElmer Inc., General Electric Company (GE Healthcare), Thermo Fisher Scientific, Inc., Danaher Corporation (Beckman Coulter, Inc.), and The Jackson Laboratory.
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