Market revenue in 2023 | USD 2,138.3 million |
Market revenue in 2030 | USD 4,368.7 million |
Growth rate | 10.7% (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 |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to in-vitro toxicology testing market will help companies and investors design strategic landscapes.
Pharmaceutical industry was the largest segment with a revenue share of 42.4% in 2023. Horizon Databook has segmented the Germany 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 Germany market is driven by an increase in the contract manufacturing of drugs, high demand for novel approaches for establishing safety profiles of drug testing, and accessibility to 3D cellular toxicology models. The market is also benefitting from ongoing R&D in the field of drug discovery.
Furthermore, interventions and conferences being undertaken in the country are boosting the adoption of in vitro toxicology testing methods. For instance, in October 2018, the 20th International Congress on In Vitro Toxicology was conducted in Berlin for discussing novel methodologies for in vitro toxicology applications.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany in-vitro toxicology testing market , including forecasts for subscribers. This country databook contains high-level insights into Germany in-vitro toxicology testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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