India In-vitro Toxicology Testing Market Size & Outlook
India in-vitro toxicology testing market, 2018-2030 (US$M)
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India in-vitro toxicology testing market highlights
- The India in-vitro toxicology testing market generated a revenue of USD 643.5 million in 2023 and is expected to reach USD 1,552.1 million by 2030.
- The India market is expected to grow at a CAGR of 13.4% 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 643.5 million |
| Market revenue in 2030 | USD 1,552.1 million |
| Growth rate | 13.4% (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, India accounted for 2.1% 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 Asia Pacific, China in-vitro toxicology testing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,552.1 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 43.53% in 2023. Horizon Databook has segmented the India 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 country has emerged as a hub for pharmaceutical research and development in recent years, with many multinational companies establishing operations in India to take advantage of its skilled workforce, advanced infrastructure, and lower costs.
The increased competition has been beneficial for pharmaceutical companies, as it has led to improvements in the quality and efficiency of in vitro testing services. Testing companies in India are investing in advanced technologies and recruiting highly qualified scientists to ensure that they can provide the highest level of service to their clients.
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In-vitro Toxicology Testing Market Scope
In-vitro Toxicology Testing Market Companies
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India in-vitro toxicology testing market size, by end user, 2018-2030 (US$M)
India In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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