Dublin, Sept. 22, 2021 (GLOBE NEWSWIRE) -- "Early Toxicity Testing Market to Reach $2.01 Billion by 2030"
The Global Early Toxicity Testing Market size was valued at USD 816.0 million in 2020 and is predicted to grow with a CAGR of 9.75% from 2021-2030.
Toxicity is a paramount factor in drug development. Toxicity testing is conducted to determine the degree to which a substance can damage a living organism. Owing to the higher rejection rate of drugs due to their high toxicity level, the inclination of companies towards the usage of toxicity testing for drug discovery have significantly increased.
The global early toxicity testing market is expected to witness significant growth during the forecast period, owing to increase in the R&D activities and rise in stringent regulatory authorities concerning public healthcare welfare. However, limitations associated with preclinical testing is expected to hamper the market growth during the forecast period.
Geographically, North America is expected to hold the major market share owing to the increased adoption of early toxicity testing. Also, technological advancements and presence of developed infrastructure along with aggressive R&D activities are expected to promote the growth of early toxicity testing market.
However, Asia Pacific is expected to show tremendous growth in terms of market size owing to increased R&D investment coupled with presence of various pharmaceutical companies and prevalence of various chronic disorders with increasing demand of effective drugs discovery.
The global early toxicity testing market is highly competitive and consists of numerous market players.
Some of the major market players are
Agilent Technologies, Inc.
Bioanalytical Systems, Inc.
Enzo Biochem, Inc.
General Electric Company
Myriad Genetics, Inc.
Thermo Fisher Scientific, Inc.
Key Topics Covered:
1.1. Report Description
1.2. Research Methodology
2. Market Snapshot, 2019-2030 Million USD
2.1. Market Snapshot
3. Porter's Five Force Model Analysis
4. Market Dynamics
4.1. Growth Drivers
5. Global Early Toxicity Testing Market, by Technique
5.2. in Vivo
5.3. in Vitro
5.4. in Silico
6. Global Early Toxicity Testing Market, by End-user
6.2. Pharmaceuticals Industry
6.3. Diagnostics Industry
6.4. Food Industry
6.5. Chemicals Industry
6.6. Cosmetics Industry
7. Global Early Toxicity Testing Market, by Region
7.2. North America
7.5. Rest of World
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/kaia2t
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