Argentina In-vitro Toxicology Testing Market Size & Outlook
Argentina in-vitro toxicology testing market, 2018-2030 (US$M)
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Argentina in-vitro toxicology testing market highlights
- The Argentina in-vitro toxicology testing market generated a revenue of USD 119.9 million in 2023 and is expected to reach USD 219.7 million by 2030.
- The Argentina market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, pharmaceutical industry was the largest revenue generating end user in 2023.
- Diagnostics is the most lucrative end user segment registering the fastest growth during the forecast period.
In-vitro toxicology testing market data book summary
| Market revenue in 2023 | USD 119.9 million |
| Market revenue in 2030 | USD 219.7 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical industry |
| Fastest growing segment | Diagnostics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | Charles River Laboratories International Inc, SGS, Merck KGaA, Eurofins Scientific SE, Abbott Laboratories, Labcorp Holdings Inc, Evotec SE, Thermo Fisher Scientific Inc, Quest Diagnostics Inc, Agilent Technologies Inc, Catalent Inc, Danaher Corp, Bio-Rad Laboratories Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global in-vitro toxicology testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil in-vitro toxicology testing market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 873.1 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 43.54% in 2023. Horizon Databook has segmented the Argentina 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.
The growth and innovation in the drug discovery market will continue to drive demand for in vitro toxicology testing in Argentina, leading to increased competition and advancements in the field. Drug discovery in Argentina is growing steadily, with a focus on the development of new drugs and treatments for a range of diseases.
Argentina has a strong tradition in the life sciences and is home to several research institutions and pharmaceutical companies. The country's government has also taken steps to support industry growth. In recent years, Argentina has made progress in the development of biotechnology products, such as vaccines and biosimilars.
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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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Argentina in-vitro toxicology testing market size, by end user, 2018-2030 (US$M)
Argentina In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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