Spain In-vitro Toxicology Testing Market Size & Outlook
Spain in-vitro toxicology testing market, 2018-2030 (US$M)
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Spain in-vitro toxicology testing market highlights
- The Spain in-vitro toxicology testing market generated a revenue of USD 883.4 million in 2023 and is expected to reach USD 1,716.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 10% 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 883.4 million |
| Market revenue in 2030 | USD 1,716.8 million |
| Growth rate | 10% (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, Spain accounted for 2.8% 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 43.24% in 2023. Horizon Databook has segmented the Spain 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 in-vitro toxicology testing market in Spain is competitive owing to the presence of a blend of public as well as private companies. Some of the key players dominating Spain in-vitro toxicology testing market are SGS S.A. and Eurofins Scientific.
Moreover, robust support for research activities across Europe, including Spain, is likely to provide growth opportunities for market growth. For instance, in September 2022, an EU-funded project REMEDi4ALL was launched to develop and screen novel therapeutic approaches in the European Union. This initiative also combined the expertise of in vitro-driven drug repurposing programs and in-silico platforms.
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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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Spain in-vitro toxicology testing market size, by end user, 2018-2030 (US$M)
Spain In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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