In Vitro Toxicology Testing Market 2022
The global In Vitro Toxicology Testing Market is expected to reach US$ 7,750 Mn by the year 2022 at a CAGR of 5.6%. Healthcare systems have been emphasizing affordability as well as the quality of medical services. However, now, digitization has come through, which would drive a revolution in the same healthcare vertical. 3D bioprinting technology is one such innovation, which is bound to simplify medications. This would be the way the healthcare vertical would go in the next 10 years.
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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Company Profiles:
- SGS SA
- Bio-Rad Laboratories, Inc.
- Charles River Laboratories International, Inc.
- Eurofins Scientific Se
- GE Healthcare
- Merck KGaA
- Promega Corporation
- Qiagen N.V.
- Thermo Fisher Scientific, Inc
- Cyprotex PLC
- Others.
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4 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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Key Questions Answered in the In Vitro Toxicology Testing Market Report
How is the In Vitro Toxicology Testing Market expected to grow over the projected period?
What direction is the In Vitro Toxicology Testing Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the In Vitro Toxicology Testing Market in future?
What are the key market drivers in the In Vitro Toxicology Testing Market?
What are significant opportunities and improvement areas for In Vitro Toxicology Testing Market manufacturers?
What are the key developments and trends taking over the In Vitro Toxicology Testing Market?
Which are the emerging countries that are expected to create significant growth opportunities in the In Vitro Toxicology Testing Market?
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