Market revenue in 2023 | USD 1,407.1 million |
Market revenue in 2030 | USD 2,849.9 million |
Growth rate | 10.6% (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 |
Pharmaceutical industry was the largest segment with a revenue share of 42.41% in 2023. Horizon Databook has segmented the France 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.
Rising R&D spending by pharmaceutical companies, technological advancements, growing demand for toxicology testing procedures, and supportive regulatory legislation to promote in vitro research studies are among the major factors driving the country’s market.
France in vitro toxicology testing market is competitive owing to the presence of well-established players and significant investment by them. Some of the key players in the country’s market are Bioalternatives, XenTech SAS, and SGS SA. These players specialize in the development of preclinical models for oncology research.
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