Toxicology Services Market accounted for over US$ 7510 million in 2019. It is anticipated to grow at a CAGR of 9.7% from 2019 to 2030.
Toxicology study involves safety assessment of pharmaceutical, chemical, agrochemical, and consumer products on living beings and the environment. Toxicological screening is highly important in the development of novel drug molecules and is used to examine substances having adverse effects on human health as well as the environment.
Major Key Players of the Toxicology Services Market are:
Charles River, ITR Canada, Eurofins Scientific, WuXi AppTec, SGS SA, Merck KGaA, Evotec SE, Vipragen, GVK Biosciences Private Limited, Bioanalytical Systems, Inc. among others.
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The market growth of toxicology services can be attributed to factors, such as increasing R&D expenditure of pharmaceutical & biotechnology industries, growing pressure from regulatory agencies, and demand for determination of toxicity levels in developing products. The European government has established Regulation (EC) No 1907/2006, establishing a European Chemical Agency called Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH). This regulation ensures a high level of human and environment protection and promotes the development of alternative methods for assessing the hazards of substances. Moreover, even the OECD (Organisation for Economic Co-operation and Development) has adopted nine test guidelines for the pesticide residue chemistry to assess dietary risk management in food or animal feedstuffs.
The Toxicology Services Market is segmented on the basis of Industry, Method and region.
Major Methods of Toxicology Services Market covered are:
- In Vivo Method
- In Vitro Method
- In Silico Method
Major Industry of Toxicology Services Market covered are:
- Pharmaceutical & Biotechnology
- Medical Devices
- Cosmetics and Chemical
Other factors such as determination of safety of clinical dose, to minimize risk through clinical trials, increasing concentration on drug discovery, and personalized medicine are fuelling the market growth. Furthermore, an increasing number of toxicology databases are driving consumer awareness and are expected to positively impact the growth of the toxicology services market. Moreover, mandatory toxicology testing in industries such as pharmaceutical, chemical and agricultural among others, end-stage drug failures and rising adoption of outsourcing trend is boosting the toxicology services market.
Research objectives:-
– To study and analyze the global Toxicology Services consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Toxicology Services market by identifying its various sub-segments.
– Focuses on the key global Toxicology Services manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Toxicology Services with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Overview of Different Endpoint Tests
- GLOBAL TOXICOLOGY SERVICES MARKET – ANALYSIS & FORECAST, BY METHOD
- In Vivo Method
- In Vitro Method
- In Silico Method
- GLOBAL TOXICOLOGY SERVICES MARKET – ANALYSIS & FORECAST, BY INDUSTRY
- Pharmaceutical & Biotechnology
- Medical Devices
- Cosmetic
- Chemical
- Other Industries
- GLOBAL TOXICOLOGY SERVICES MARKET- ANALYSIS & FORECAST, BY REGION
- North America Toxicology Services Market
- Europe Toxicology Services Market
- Asia Pacific Toxicology Services Market
- Rest of the World (ROW) Toxicology Services Market
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Charles River
- ITR Canada
- Eurofins Scientific
- WuXi AppTec
- SGS SA
- Merck KGaA
- Evotec SE
- Vipragen
- GVK Biosciences Private Limited
- Bioanalytical Systems, Inc. *Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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