In-Vitro Toxicology Testing Market Growth Analysis | 2023-2028

Market Insights

The in-vitro toxicology testing market was estimated at USD 11.23 billion in 2022 and is likely to grow at a CAGR of 9.91% during 2023-2028 to reach USD 19.8 billion in 2028.

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What is in-vitro toxicity testing?

In-vitro toxicity testing is referred to as the method of analyzing lethal or toxic chemical materials' effects either on cultured bacteria or mammalian cells. This testing method is performed to confirm the deficiency of several toxic properties at an early stage to develop novel substances such as food additives, agricultural chemicals, and therapeutic drugs and to identify potentially harmful chemicals.

Market Dynamics

The global in vitro toxicology testing market is growing at a positive growth during the study period. The market growth is attributed to the increase in a number of R&D procedures, the increase in awareness related to environmental concerns, ban on animal testing. Also, the emergence of novel approaches to 3D cell culture, and advancements in genetic screening approaches contribute to the overall market growth.

However, the lack of skilled professionals in the industry hinders the overall market growth over the forecast period. The industry demands skilled professionals for troubleshooting activities, operation, validation, and method development. The testing process involves labor-intensive techniques such as making observations, analyzing data, collecting data, running tests of experiments, and many more.

COVID-19 Impact

The COVID-19 outbreak has affected the growth of the global in vitro toxicity testing industry majorly due to the strict lockdown measures across the globe resulting in manufacturing delays and the requirement of toxicity testing for various industry verticals such as the chemical industry, food & beverages industry, pharmaceutical industry, households sector and cosmetics industry.

Due to the pandemic, various companies in the global in vitro toxicity testing industry to close down business operations to comply with government regulations across the globe to curb the spread of the disease. Operations closure directly impacted the revenue flow of the global in vitro toxicity testing industry. Lockdowns for several months and halt in industrial activities has affected the consistent growth of the global in vitro toxicity testing market and is anticipated to witness a slow recovery during the forecast period.

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Segment Analysis

By Type

The market is further categorized into absorption, toxic substances, and dose. As per the detailed research study, the absorption segment is dominating the overall marketplace owing to the large-scale adoption of the in vitro toxicity testing market. Dose screening and toxic substances are some other segments in the global marketplace are anticipated to grow due to the rise in demand for in vitro toxicity testing in household products, cosmetics, chemicals, and pharmaceuticals.

Also, the high efficiency of in vitro toxicity testing in diagnosis, the growth of global illicit drug abusers, and stringent government regulations to lessen cruelty while experimenting on animals, increase global illicit drug abusers, and enhanced efficiency of in vitro toxicity testing in diagnosis are some other driving factors of the market. However, incapability of IVTT to detect toxicities due to immune stimulation and autoimmunity and decrease in adoption rate of IVTT hamper the overall market growth.

By Technology Type

The global market is further categorized into cell culture technologies, high throughput technologies, and toxicogenomics. The cell culture technologies segment dominated the revenue share of the global marketplace in the base year 2022.

By End User Type

The market is sub-categorized into pharmaceuticals, cosmetics & household products, the chemicals industry, and food industry. The cosmetics and households products segment have the highest market share in the global marketplace of vitro toxicity testing in the year 2022.

Regional Insights

The regional segments of the global market are North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The North American in vitro toxicity testing market has the highest revenue growth, followed by Europe's in vitro toxicity testing market. On the other hand, the Asia-Pacific market is estimated to grow at a CAGR of 16% during the forecast period 2023-2028.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The in vitro toxicity testing market is segmented into the following categories.

By Type

• Absorption
• Toxic Substances
• Dose

By Technology Type

• Cell Culture Technologies
• High-Throughput Technologies
• Cellular Imaging Technologies
• Toxicogenomics

By End-User Type

• Pharmaceuticals
• Cosmetics & household products
• Chemicals industry
• Food industry

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Major players in the global in vitro toxicity testing market, such as GlaxoSmithKline Plc (GSK), Agilent Technologies, General Electric Company, and some others are adopting various competitive strategies to maintain a strong foothold in the global marketplace. For instance, in January 2019, GlaxoSmithKline Plc acquired Tesaro Inc., an oncology-focused company based in Waltham, Massachusetts. This acquisition strengthened the pharmaceuticals business of GlaxoSmithkline. Moreover, in April 2019, Charles River Laboratories International acquired Citoxlab for around US$ 500 Mn. Such competitive strategies are estimated to offer lucrative opportunities for the market.

Some of the major players operating in the market are:

• Abbott
• Agilent Technologies, Inc.
• Beckman Coulter, Inc.
• BioIVT
• Bio-Rad Laboratories, Inc.
• Catalent, Inc.
• Charles River Laboratories International, Inc.
• Dassault Systèmes
• Eurofins Scientific
• Evotec
• General Electric Company
• Gentronix
• GlaxoSmithkline Plc
• Labcorp Drug Development
• MB Research Laboratories
• Merck KGaA
• Promega Corporation
• QIAGEN
• Quest Diagnostics Incorporated
• SGS SA
• Thermo Fisher Scientific Inc.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

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