Italy In-vitro Toxicology Testing Market Size & Outlook
Italy in-vitro toxicology testing market, 2018-2030 (US$M)
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Italy in-vitro toxicology testing market highlights
- The Italy in-vitro toxicology testing market generated a revenue of USD 1,042.1 million in 2023 and is expected to reach USD 2,074.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 10.3% 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 1,042.1 million |
| Market revenue in 2030 | USD 2,074.6 million |
| Growth rate | 10.3% (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, Italy accounted for 3.4% 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 43.21% in 2023. Horizon Databook has segmented the Italy 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.
Various factors such as higher cost of animal testing, easy availability of alternatives, and advancements in technologies such as cell culture technology, molecular imaging, and high throughput technology are anticipated to drive Italy’s in-vitro toxicology testing market.
For instance, the Italian Association of In Vitro Toxicology (CELLTOX) is an organization founded in 1991 to bring together researchers from private and public institutions to conduct research activities in in vitro toxicology field to develop alternative ways for animal testing methods.
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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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Italy in-vitro toxicology testing market size, by end user, 2018-2030 (US$M)
Italy In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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