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
| Name | Profile | # Employees | HQ | Website |
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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)
| End User | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 7,928.3 | 9,980.5 | 11,089.4 | 12,160.1 | 13,398.4 | 14,810.4 | 16,383.6 | 18,286.9 | 20,421.1 | 22,850.4 | 25,586.0 | 28,704.5 | 32,265.4 | 11.8% |
| Europe | 5,108.9 | 6,505.6 | 7,300.9 | 8,072.8 | 8,943.7 | 9,919.1 | 10,982.7 | 12,051.0 | 13,268.0 | 14,639.7 | 16,203.1 | 17,963.9 | 19,962.3 | 10.5% |
| Asia Pacific | 2,081.2 | 2,656.1 | 2,987.9 | 3,312.1 | 3,682.5 | 4,096.8 | 4,548.6 | 5,050.2 | 5,612.4 | 6,229.3 | 6,918.0 | 7,682.3 | 8,513.8 | 11.0% |
| Latin America | 772.3 | 982.6 | 1,101.9 | 1,216.8 | 1,347.2 | 1,490.9 | 1,633.7 | 1,789.6 | 1,957.2 | 2,136.9 | 2,331.7 | 2,537.3 | 2,759.1 | 9.2% |
| MEA | 369.2 | 469.2 | 525.7 | 580.2 | 642.3 | 711.8 | 783.0 | 859.3 | 940.3 | 1,023.9 | 1,113.6 | 1,211.3 | 1,314.6 | 9.2% |
| Overall | 16,259.9 | 20,594.0 | 23,005.8 | 25,342.0 | 28,014.1 | 31,029.0 | 34,331.6 | 38,037.0 | 42,199.0 | 46,880.2 | 52,152.4 | 58,099.3 | 64,815.2 | 11.1% |
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