Europe In-vitro Toxicology Testing Market Size & Outlook
Europe in-vitro toxicology testing market, 2018-2030 (US$M)
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Europe in-vitro toxicology testing market highlights
- The Europe in-vitro toxicology testing market generated a revenue of USD 9,919.1 million in 2023.
- The market is expected to grow at a CAGR of 10.5% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 9,919.1 million |
| Market revenue in 2030 | USD 19,962.3 million |
| Growth rate | 10.5% (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 |
| 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, Europe region accounted for 32.0% of the global in-vitro toxicology testing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 32,265.4 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 42.56% in 2023. Horizon Databook has segmented the Europe 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 Europe market is expected to grow at a significant rate owing to the support from government and nongovernment organizations for R&D of novel therapeutics. Launch of new initiatives and programs in the country to explore alternative approaches for chemical safety evaluation is anticipated to drive the growth of companies operating in this space.
Furthermore, the European Society of Toxicology In Vitro helps in establishing connections between organizations and individuals with interests in in vitro toxicology applications across Europe. This is expected to help boost activities associated with in vitro toxicology testing in the country.
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In-vitro Toxicology Testing Market Scope
In-vitro Toxicology Testing Market Companies
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Europe in-vitro toxicology testing market size, by country, 2018-2030 (US$M)
Europe In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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