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Last updated on April 16, 2014 at 12:14 EDT

Global in Vitro Toxicity Testing Market Is Expected to Reach USD 4,114.1 Million in 2018: Transparency Market Research

October 23, 2012

ALBANY, New York, October 23, 2012 /PRNewswire/ –

According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com), “In Vitro Toxicity Testing Market -
Global Industry Size, Share, Trends, Analysis and Forecast, 2012 – 2018
[http://www.transparencymarketresearch.com/in-vitro-toxicity-testing-market.html ],” the
global in vitro toxicity testing market was worth USD 1,518.7 million in 2011 and is
expected to reach USD 4,114.1 million in 2018, growing at a CAGR of 15.3% from 2013 to
2018. In the overall global market, North America retained the highest share accounting
for USD 589.2 million in 2011 followed by Europe which accounted for USD 569.5 million in
2011. However, the highest growth in the forecasted period is expected to be witnessed in
the Asian region due to economic growth and rising health awareness in the region.

Browse the full report at

http://www.transparencymarketresearch.com/in-vitro-toxicity-testing-market.html

Toxicity, also called as ‘the science of poisons’ is a method of testing the opposing
effect of any drug, chemical or other agent administered in the body. It thus analyses the
adverse effects of various toxins on all living organisms. Owing to its ethical and
scientific advantages, in vitro toxicity testing has acquired regulatory acceptance
worldwide and thus holds huge growth potential in future. The advancements in toxicity
testing procedures, strict regulations in different countries and increasing awareness
towards animal welfare are the main factors driving this market. Moreover, several animal
welfare organizations worldwide are supporting in vitro toxicity testing as it has minimum
suffering and pain to animals.

The global in vitro toxicity testing market
[http://www.transparencymarketresearch.com/in-vitro-toxicity-testing-market.html ] is
expected to reach USD 4,114.1 million in 2018, growing at a CAGR of 15.3% from 2013 to
2018. Animal testing has been in effect for a long time but the implementation of in vitro
toxicity testing is an alternative to animal testing and is relatively more effective and
harmless. Moreover, in vitro toxicity is cost-effective to animal testing and the growing
ethical concerns worldwide are expected to drive the in vitro toxicity market in the
forecasted period. The pharmaceutical companies are thus increasingly shifting their focus
from animal testing to in vitro toxicity testing.

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North America accounted for the largest share, i.e. 40% of the overall in vitro
toxicity testing market in 2010 at USD 526.9 million; however, Europe is expected to hold
the largest share in 2018 surpassing North America. The primary reason for this has been
the ban on animal testing in Europe for the assessment of genotoxic effects of chemicals
ingredients intended for cosmetic products. So, it is expected to boost the in vitro
toxicity testing market in Europe in the coming future. Among the several segments of the
in vitro toxicity testing market, cosmetics and personal care represent the largest market
sector followed by the pharmaceuticals segment.

Some of the major players in the in vitro testing market are Bio-Rad Laboratories, In
Vitro Technologies, Gene Logic Inc., HTG Inc., Accelrys Software Inc., Mattek Corporation,
Covance Inc., Charles River Laboratories International Inc., Xenobiotic Detection Systems,
Xenometrix, among others.

This research is specially designed to estimate and analyze the demand and performance
of in vitro toxicity testing in a global scenario. The study presents a comprehensive
assessment of the stakeholder strategies’ winning imperatives for them by segmenting the
in vitro toxicity testing market as below:

        - In Vitro Toxicity Testing Market by End Use
             - Cosmetics and Household Products
             - Pharmaceutical Industry
             - Food Industry
             - Chemicals Industry

        - In Vitro Toxicity Testing Market by Application
             - In Vitro Toxicity Testing Methods
             - Cytotoxicity Essays Uses for In Vitro Toxicity Testing

        - In Vitro Toxicity Market by Type
        - By Absorption
        - Distribution
        - Metabolism
        - Excretion

        - By Dose
             - Dose Response
             - Threshold Response

        - By Toxic Substances
             - Toxicant
             - Toxin
             - Acute and Chronic Toxicity
             - Toxicokinetics

In addition the report provides a cross-sectional analysis of all the above segments
with respect to the following geographical markets:

        - North America
        - Europe
        - Asia
        - RoW

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