Denmark In-vitro Toxicology Testing Market Size & Outlook
Denmark in-vitro toxicology testing market, 2018-2030 (US$M)
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Denmark in-vitro toxicology testing market highlights
- The Denmark in-vitro toxicology testing market generated a revenue of USD 504.7 million in 2023 and is expected to reach USD 949.1 million by 2030.
- The Denmark market is expected to grow at a CAGR of 9.4% 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 504.7 million |
| Market revenue in 2030 | USD 949.1 million |
| Growth rate | 9.4% (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, Denmark accounted for 1.6% 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 Europe, Germany in-vitro toxicology testing market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 3,892.8 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 41.51% in 2023. Horizon Databook has segmented the Denmark 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 Denmark in-vitro toxicology testing market is driven by factors such as increasing R&D expenditure by pharmaceutical/biotechnology companies, technological advancements, and presence of agencies favoring toxicology research. In addition, increasing concern about environmental issues and rising regulatory requirements for safety testing are supporting industry expansion in Denmark.
The market for in vitro toxicology testing is competitive in Denmark owing to the presence of a large number of market players as well as strategic initiatives undertaken by them. Some of the major players in the Denmark market are BioXpedia, Charles River Laboratories, and Eurofins Scientific.
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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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Denmark in-vitro toxicology testing market size, by end user, 2018-2030 (US$M)
Denmark In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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