Mexico In-vitro Toxicology Testing Market Size & Outlook
Mexico in-vitro toxicology testing market, 2018-2030 (US$M)
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Mexico in-vitro toxicology testing market highlights
- The Mexico in-vitro toxicology testing market generated a revenue of USD 458.9 million in 2023 and is expected to reach USD 873.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.6% 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 458.9 million |
| Market revenue in 2030 | USD 873.1 million |
| Growth rate | 9.6% (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 |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.5% 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 Latin America, Brazil in-vitro toxicology testing market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 873.1 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 43.26% in 2023. Horizon Databook has segmented the Mexico 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 market growth is driven by factors such as the increasing demand for in vitro toxicology testing services in drug development, the availability of a skilled workforce, and the lower cost of conducting studies in Mexico compared to other regions.
There are several key players in the in vitro toxicology testing market in Mexico, including major multinational CROs such as Charles River Laboratories, Covance, and Eurofins Scientific, as well as local CROs such as AGBL and bioMérieux. These companies offer a range of services, including in vitro cytotoxicity testing, genotoxicity testing, and metabolism studies, among others.
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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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Mexico in-vitro toxicology testing market size, by end user, 2018-2030 (US$M)
Mexico In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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