Global In-vitro Toxicology Testing Market Size & Outlook
Global in-vitro toxicology testing market, 2018-2030 (US$M)
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Global in-vitro toxicology testing market highlights
- The global in-vitro toxicology testing market generated a revenue of USD 31,029.0 million in 2023 and is expected to reach USD 64,815.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.1% by 2030.
- In terms of segment, pharmaceutical industry accounted for a revenue of USD 13,355.0 million in 2023.
- Diagnostics is the most lucrative end user segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 31,029.0 million |
| Market revenue in 2030 | USD 64,815.2 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical industry |
| Fastest growing segment | Diagnostics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical Industry, Cosmetics And Household Products, Academic Institutes and Research Laboratories, Diagnostics, Chemicals Industry, Food Industry |
Other key industry trends
- In terms of revenue, the North America accounted for 47.7% of the global in-vitro toxicology testing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 94.3 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 43.04% in 2023. Horizon Databook has segmented the Global in-vitro toxicology testing market based on pharmaceutical industry, cosmetics and household products, academic institutes and research laboratories, diagnostics, chemicals industry, food industry covering the revenue growth of each sub-segment from 2018 to 2030.
North America accounted for the major share of the global in-vitro toxicology testing market owing to the increased focus of government bodies on drug discovery, rise in healthcare expenditure, and the presence of adequate infrastructure for the growth & development of drug discovery technologies.
Recent advancements and new government regulations pertaining to drug development have contributed to the rapid launch of novel, cost-effective, nonanimal testing approaches for the safety testing of new products across various industries including devices, chemicals, and cosmetics.
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In-vitro Toxicology Testing Market Scope
In-vitro Toxicology Testing Market Companies
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Global in-vitro toxicology testing market size, by regions, 2018-2030 (US$M)
Top 10 countries: In-vitro toxicology testing market size, 2023 (US$M)
Global in-vitro toxicology testing market share, by end user, 2023 & 2030 (%, US$M)
In-vitro toxicology testing market: Opportunity assessment by country
Global in-vitro toxicology testing market, by region, 2023 (US$M)
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