Canada In-vitro Toxicology Testing Market Size & Outlook
Canada in-vitro toxicology testing market, 2018-2030 (US$M)
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Canada in-vitro toxicology testing market highlights
- The Canada in-vitro toxicology testing market generated a revenue of USD 1,137.2 million in 2023 and is expected to reach USD 2,697.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 13.1% 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 1,137.2 million |
| Market revenue in 2030 | USD 2,697.2 million |
| Growth rate | 13.1% (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, Canada accounted for 3.7% 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 North America, U.S. in-vitro toxicology testing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,697.2 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 43.13% in 2023. Horizon Databook has segmented the Canada 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 in-vitro toxicology testing market in Canada is a highly competitive landscape. Competition in the Canada market is primarily driven by factors such as pricing, quality, and the range of services offered. Companies that are able to offer high-quality testing services at competitive prices are likely to have an advantage in the market.
In addition, companies that are able to develop and offer innovative testing technologies or methods are likely to be well-positioned to compete in the market. This is particularly important given the increasing demand for more predictive and efficient toxicology testing methods.
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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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Canada in-vitro toxicology testing market size, by end user, 2018-2030 (US$M)
Canada In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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